The Bank of England reports CHAPS interbank payment service delay, impacting high-value transactions.

The Bank of England reports a global issue affecting the CHAPS interbank payment service, causing delays in high-value and time-sensitive transactions like house purchases. The Bank of England is working closely with a third-party supplier, industry, and other authorities to resolve the issue promptly. Retail payment systems, such as debit cards and ATMs, are not impacted.

July 18, 2024
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