Terms

TARGET2 is a payment system that is used for large-value transactions in the European Union. Here’s everything you need to know about TARGET2.

A CHAPS payment involves high-value money transactions between two accounts. Here’s everything you need to know about CHAPS.

BACS payments are one of the UK’s most common types of bank-to-bank transactions. Here’s everything you need to know about BACS.

Faster Payments are one of the wire transfer methods used for UK domestic payments. Here is everything you need to know about Faster Payments.

SEPA is a transfer standard that defines cashless payments between Euro countries. In this article, we are going to cover everything regarding SEPA payments.