UK Payments Administration

(redirected from Association for Payment Clearing Services)
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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.
References in periodicals archive ?
The Association for Payment Clearing Services and police have joined forces to warn the public about the thefts.
It's the latest growth industry on the internet," said Sandra Quinn of the Association for Payment Clearing Services, which oversees money movements.
The increase was mainly due to a jump in counterfeiting cards, which more than doubled during 2000, as well as a 94% rise in fraud using stolen credit card details to pay for things over the telephone or internet, according to the Association for Payment Clearing Services.
A spokesman for the Association for Payment Clearing Services (APACS) said the finance sector was investing pounds 1 billion to finance innovative new schemes to fight credit card and banking fraud.
The Association for Payment Clearing Services (APACS) continues to try to fight this rising tide of fraud by offering 50 [pounds sterling] rewards to retailers and staff who "capture" fraudulent cards under its Card Watch scheme.
1 million increase year on year, according to figures revealed by the Association for Payment Clearing Services (APACS) at a conference (3 March 1992).
The Association for Payment Clearing Services (APACS) reports that checks presented in the UK decreased by 5.
The Association for Payment Clearing Services (APACS) said the cheque is fast becoming a thing of the past - thanks to the plastic card boom.
The rise is attributed to fraudsters increasing their activity before the security benefits of chip and PIN are fully realised, the Association for Payment Clearing Services said.
According to the Association for Payment Clearing Services (APACS), card use to help charities more than trebled compared with last year.
The Association for Payment Clearing Services believes a transaction made at 10.
Sandra Quinn, director of corporate communications for the Association for Payment Clearing Services (APACS), said criminals install a pin hole camera underneath the top of the cash point to record a person's PIN number as they key it in.
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