UK Payments Administration


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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 ?
A spokeswoman for UK Payments Administration, which oversees transactions generally, said the problem was not a central one and therefore it did not appear to have affected other banks.
A spokeswoman for UK Payments Administration, who oversee payments generally, said the problem was not a central one and did not appear to have affected other banks.
The UK Payments Administration, who oversee payments generally, said it was not a central problem and did not appear to be affecting other banks.
uk/ from APACS, the UK Payments Administration Research Methodology