Examples of UK Payments in a sentence
However, customers should be aware that, following a review by the UK Payments Council, cheques could be phased out by the year 2016.
The UK Payments Administration, a payment industry trade association, publishes annual reports.
For UK Payments in excess of £10,000 we recommend the use of CHAPS.
According to the Fraud the Facts 2009 report [7] that was published by APACS (the UK Payments Association), the losses to online fraud scams such as phishing and spyware during 2008 totalled a whopping £52.5 million in the UK alone — An increase of more than 130% from the previous year (See Fig.
Information on the Faster Payment Scheme transaction limits are available on the UK Payments Administration website xxx.xxxxxxxxxx.xxx.xx.
Central banks are important providers of settlement finality to the private sector through large value clearing and settlement systems, say Fedwire in the U.S., Target2 in Europe, or CHAPS in the U.K. Payments Canada, for instance, ensures finality by requiring all member banks to submit collateral to the system.
The Recommended UK Purpose Code list aims to flag the mostrelevant and beneficial Purpose Codes to UK Payments, to improve usability and consistency of application.
The contracts are described as generic, and set out the duties and responsibilities of each party.136 Each scheme is required to report to the Payment Council Board which has the authority to make decisions which are binding on the schemes after consultation.137UK Payments Administration Limited (UK Payments) is a company established in June 2009 and provides an industry forum for discussion and work in relation to non-competitive matters (e.g. policy, statistics, standards and information to the public).
The financial services sector saw the highest losses of the private sector, estimated at £3.6 billion.10 Credit card fraud in the UK in 2010 totalled £365 million according to the UK Payments Administration.11 26% of Britons have suffered credit card fraud, and 40% have been subject to a fraudulent takeover of their account.
The Remuneration Policy must be approved by the general meeting whenever ma- terial changes are made and at least every four years.