In a statement, issued at 16:00 BST, Chaps says: “The Bank of England’s RTGS system is now processing payments again following a resolution of the technical issue experienced earlier today.

All’s well that ends well. The Bank of England’s payment system has been fixed, allowing Chaps payments to be resumed. The UK central bank’s so-called Real Time Gross Settlement system was ...

The Bank of England said on Thursday it had suffered a temporary outage to its CHAPS interbank payment system, which handles more than 360 billion pounds ($467 billion) on an average day, but ...

The Bank’s Clearing House Automated Payment System (CHAPS) payment system processes hundreds of billions of pounds worth of transactions a day, including banks paying one another large sums.

We welcome the PSR and Bank of England’s work on developing a mandatory reimbursement regime for Clearing House Automated Payment System (CHAPS) payments. We support the stated aim of providing a ...

The Bank of England said CHAPS transactions are settling normally after earlier warning that some home sales had been delayed after the service — one of the largest high-value payment systems in ...

Banks and lenders use the CHAPS system to transfer money between them. Overall, there are 200,000 payments via it every day in the UK, at a value of £363bn.