Clearing House Automated Payment System , CHAPS (Abkürzung)

However, if we are requested to transfer the funds using the Clearing House Automated Payment System, a fee of £25.00 is charged for each transfer.

Clearing House Automated Payment System (CHAPS)

Payments are processed through the Clearing House Automated Payment System (CHAPS) individually and continuously during the day in real time.

Of particular note was the use of PSS for the first networked Clearing House Automated Payment System (CHAPS).

The Clearing House Automated Payment System or CHAPS is a British company established in London in February 1984, which offers same-day sterling fund transfers.

The Bank of England’s Ouarda Merrouche and Jochen Schanz have written a paper on the behaviour of banks during outages of the Clearing House Automated Payment System, or Chaps.

NatWest is a member of the Cheque and Credit Clearing Company Limited, Bankers' Automated Clearing Services Limited, the Clearing House Automated Payment System Limited and the LINK Interchange Network Limited.