Association for Payment Clearing Services (Apacs)

68 results about this entity

Period: 15 Sep 2004 - 24 Feb 2010

Apacs reports surge in phishing scams

There were more than 20,000 reported phishing incidents in the first half of 2008, an increase of more than 180% from the same period last year, according to figures from UK payments association Apacs.

UK's Faster Payments service goes live

The UK's faster payments service, designed to provide customers with near real-time transfer of phone, Internet and standing order payment instructions - has finally gone live.

Brits risk card fraud with slack security

Around half of Brits are leaving themselves wide open to credit card and bank account fraud due to slack security practices, according to a survey conducted by UK consumer association Which? Money.

Chaps euro system to close

UK payments association Apacs says the Chaps euro clearing service will shut down at close of business on Friday.

UK banks gear up for Faster Payments

UK payments association Apacs has signalled a phased roll-out for the new faster payment scheme, as the banking industry takes a cautious approach to the introduction of real-time funds transfer for automated consumer payments.

UK phishing attacks up 200% in Q1 - Apacs

UK payments association Apacs is urging Web banking customers to be extra vigilant following a 200% jump in the number of phishing attacks in the first quarter of 2008.

Card fraud abroad pushes UK losses up 25%

New figures released by UK payments association Apacs shows that industry losses from plastic card fraud jumped by 25% to £535.2 million last year, driven by a hefty 77% rise in fraud committed on UK cards abroad.

New intelligence unit created to fight banking fraud

A new intelligence division is being established within the Dedicated Cheque and Plastic Crime Unit - which was set up by UK payments association Apacs and the Home Office to fight card crime - that will address all types of banking fraud.

Faster Payments on track for May launch

The UK's banking industry is reported to be "on track" to deliver the infrastructure for the new faster payments scheme, which is set to be launched at the end of May 2008, almost six months later than originally scheduled.

PIN devices vulnerable to 'tapping' attacks, researchers warn

Chip and PIN security is under the spotlight again after researchers at Cambridge University demonstrated that unencrypted card details can be stolen by "tapping" PIN entry devices (PEDs).

Cheque volumes continue to fall - Apacs

Cheque volumes declined at a record rate in 2007 as customers reached instead for plastic debit cards to make payments, according to stats released by UK payments association Apacs.

Sepa goes live

The first stage implementation of the single euro payments area (Sepa) - which aims to make cross-border payments as cheap as domestic transactions - has gone live with the official launch of the Sepa payment instrument for credit transfers.