Insights
What are CHAPS payments?
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 of one of the most popular high-value...
Digital currency fraud prevention tips
Cryptocurrency trading and investments have become increasingly popular in recent years. With first time investors and crypto enthusiasts lured in by the soaring value of bitcoin, financial institutions are becoming increasingly aware of a rise in fraud victims...
What is Faster Payments? A Complete Guide
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, particularly if both the sending and receiving bank are...
Clear Junction Shortlisted for EPA 2021 Awards
The Emerging Payments Awards is one of the most prestigious events for the UK payments industry. They celebrate innovation and collaboration within the community, so we are proud to announce that Clear Junction has been named as an EPA 2021 finalist for the...
Clear Junction stops processing transactions for Binance
Clear Junction can confirm that it will no longer be facilitating payments related to Binance. The decision has been made following the Financial Conduct Authority’s recent announcement that Binance is not permitted to undertake any regulated activity in the UK. We...
Clear Junction Appoints New Finance Director
Clear Junction has appointed Teresa Cameron as Finance Director, which is testament to the ongoing success of the company, as well as its intention to support future growth and expansion. Teresa started her career working in financial services for a number of...
Axius Global connects to Clear Junction’s payment infrastructure
Clear Junction’s new partnership with Axius Global is a great example of how fintechs and other financial institutions can benefit from joining forces with us to launch new products, improve existing functionalities and boost customer offerings. We are delighted to...
Case Study: Muthoot
Facilitating Muthoot Forex’s Remittance Services Clear Junction has been providing correspondent banking services to Muthoot Group to boost Muthoot GlobalPay’s remittance services. By utilising a multi-currency correspondent account, Muthoot can benefit from agent...