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UK Payments Administration
(redirected from APACS)

    Also found in: Acronyms, Wikipedia 0.01 sec.
UK Payments Administration
A trade organization in the United Kingdom that provides banks, credit card companies, and other financial institutions with a forum under which they can process payments and work together in areas in which they do not compete. It sets national standards for debits, standing orders, and other types of payments. It organized and oversaw the UK's transition to the chip and PIN system. It was known as the Association for Payment Clearing Services (APACS) until 2009.
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APACS figures show the number of credit cards in existence has dropped from 31.
1 MILLION CREDIT CARDS CRUNCHED! Customers cut up their plastic by Daily Record (Glasgow, Scotland)
The calls follow a similar pattern, with the fraudster claiming to be the bank and saying they have spotted a suspicious transaction on the account," said Mark Bowerman at the payments association APACS.
WALES: ADVICE ON BEATING TRICKSTERS; BANK DETAILS TARGETED by Daily Post (Liverpool, England)
Payments body APACS said there had been more than 20,600 incidents involving UK bank and building society customers during the first six months of 2008, compared with around 7,200 in the same period of 2007.
BRITAIN TODAY: Scams soar 180; EMAIL by The Journal (Newcastle, England)
 
 
 
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