by Clear Junction | Sep 1, 2021 | Payments
What are CHAPS payments? Complete Guide The Clearing House Automated Payment System (CHAPS) is one composed of more than 30 direct participants and over 5000 financial institutions. Here, we take a look at the history of CHAPS, who it is designed for and the benefits...
by Clear Junction | Aug 4, 2021 | Payments
WHAT IS FASTER PAYMENTS? A COMPLETE GUIDE TO FPS The Faster Payments Service (FPS) is an extremely popular method of making fast, effective and reliable payments in the UK. As the name suggests, payments made through FPS are much quicker than other methods,...
by Clear Junction | May 28, 2021 | Payments
LONDON: THE HEART OF EUROPEAN FINTECH London has long been known as the financial capital of the world, despite the presence of other major hubs across the globe, such as New York, Hong Kong and Frankfurt. Here, we look at why London remains at the heart of European...
by Clear Junction | May 12, 2021 | Payments
Virtual IBANs: Your Complete Guide Virtual IBANs are one of the many payment solutions that Clear Junction provides access to. Indeed, they rank among our most popular and readily utilised services and it is easy to see why: virtual IBANs help banks and financial...
by Clear Junction | Apr 21, 2021 | Payments
What is Bacs? Complete Guide to Bacs Payments Bacs (or BACS) is an acronym that stands for Bankers’ Automated Clearing System. Put simply, it is a network of banks and building societies that are part of the Bacs payment services scheme and is a convenient means for...
by Clear Junction | Mar 30, 2021 | Payments
Brexit and SEPA payment transactions As people increasingly live and work across borders, there is a greater need for money to move freely too. But what happens when the nature of one of those borders changes? Here at Clear Junction, we have noticed that since the UK...
