UK Payments Administration

(redirected from Association for Payment Clearing Services)
Also found in: Acronyms.

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 ?
Sandra Quinn, of the Association for Payment Clearing Services, says: ``If you let anyone see your card, statements or receipts, you risk becoming a fraud victim.''
Mail Money: Why you may feel pinch at Christmas; Credit card thieves on pounds 300,000 a day spree
The Association for Payment Clearing Services and police have joined forces to warn the public about the thefts.
Cash machine racket gang hits Tyneside
"It's the latest growth industry on the internet," said Sandra Quinn of the Association for Payment Clearing Services, which oversees money movements.
GOING, GOING, CON; Internet auction house eBay plagued by email fraudsters
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.
Credit card fraud on increase
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.
CREDIT CARD SCAMS ON RISE
In 1991 plastic card fraud losses grew to |pounds~165.6 million, a 35 per cent or |pounds~43.1 million increase year on year, according to figures revealed by the Association for Payment Clearing Services (APACS) at a conference (3 March 1992).
Background on plastic card anti-fraud campaign and card fraud figures announced
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 death of the cheque; SHELL SAYS IT'S CASH OR PLASTIC ONLY
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.
UK card crooks set to have their chips
According to the Association for Payment Clearing Services (APACS), card use to help charities more than trebled compared with last year.
BRITONS PLAY TRUMP CARD IN TSUNAMI AID
The Association for Payment Clearing Services believes a transaction made at 10.38am will be the point at which plastic becomes the most popular payment method.
Plastic to overtake cash spending
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.
How the skim scam works... LATEST IN LINE OF CRIMES WHICH COST BANKS pounds 39m
The Association for Payment Clearing Services (APACS) said pounds 22.7bn was spent on plastic during the month, up from pounds 19.7bn in December 2002.
Card spending tops pounds 22bn
Financial browser ?
Full browser ?