the Association for Payment Clearing Services


the Association for Payment Clearing Services
the Association for Payment Clearing Services UK US noun
BANKING, FINANCE APACS(Cf. ↑APACS), the former name for UKPA(Cf. ↑UKPA)

Financial and business terms. 2012.

Look at other dictionaries:

  • Association for Payment Clearing Services — APACS An association set up by the UK banks in 1985 to manage payment clearing and overseas money transmission in the UK. The Association has four main Interest Groups: the Card Payments Group, the Cash Services Group, the Electronic Commerce… …   Accounting dictionary

  • Association for Payment Clearing Services — APACS An association set up by the UK banks in 1985 to manage payment clearing and overseas money transmission in the UK. The Association has four main Interest Groups: the Card Payments Group, the Electronic Commerce Group, and the Liquidity… …   Big dictionary of business and management

  • Association for Payment Clearing Services — /əˌsəυsieɪʃ(ə)n fə peɪmənt ˌklɪərɪŋ ˌsɜ:vɪsɪz/ noun an organisation which deals with the clearing of payments in the UK. Abbreviation APACS …   Dictionary of banking and finance

  • Payment card industry — The payment card industry (PCI) denotes the debit, credit, pre paid, e purse, ATM, and POS cards and associated businesses.The term is sometimes more specifically used to refer to the Payment Card Industry Security Standards Council, an… …   Wikipedia

  • clearing house — A centralized and computerized system for settling indebtedness between members. The best known in the UK is the Association for Payment Clearing Services (APACS), which enables the member banks to offset claims against one another for cheques… …   Big dictionary of business and management

  • clearing house — A centralized and computerized system for settling indebtedness between members. The best known in the UK is the Association for Payment Clearing Services (APACS), which enables the member banks to offset claims against one another for cheques… …   Accounting dictionary

  • Clearing House Automated Payments System — ( CHAPS) A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment… …   Financial and business terms

  • Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …   Wikipedia

  • The Bollandists —     The Bollandists     † Catholic Encyclopedia ► The Bollandists     An association of ecclesiastical scholars engaged in editing the Acta Sanctorum. This work is a great hagiographical collection begun during the first years of the seventeenth… …   Catholic encyclopedia

  • Clearing (finance) — In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying… …   Wikipedia