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Sort Code
Sort codes are the domestic bank codes used to route money transfers between financial institutions in the United Kingdom, and formerly in Ireland. They are six-digit hierarchical numerical addresses that specify clearing banks, clearing systems, regions, large financial institutions, groups of financial institutions and ultimately resolve to individual branches. In the UK they continue to be used to route transactions domestically within clearance organizations and to identify accounts, while in Ireland (a founder member of the Euro) they have been deprecated and replaced by the Single European Payment Area (SEPA) systems and infrastructure. Sort codes for Northern Ireland branches of banks (codes beginning with a '9') were registered with the Irish Payment Services Organization (IPSO) for both Northern Ireland and the Republic of Ireland. These codes are used in the British clearing system and historically in the Irish system. The sort code is usually formatted as three pairs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Code
A bank code is a code assigned by a central bank, a bank supervisory body or a Bankers Association in a country to all its licensed member banks or financial institutions. The rules vary to a great extent between the countries. Also the name of bank codes varies. In some countries the bank codes can be viewed over the internet, but mostly in the local language. The (national) bank codes differ from the international Bank Identifier Code (BIC/ISO 9362, a normalized code - also known as Business Identifier Code, Bank International Code and SWIFT code). Those countries which use International Bank Account Numbers (IBAN) have mostly integrated the bank code into the prefix of specifying IBAN account numbers. The bank codes also differ from the Bank card code (CSC). The term "bank code" is sometimes (inappropriately) used by merchants to refer to the Card Security Code printed on the back of a credit card. Europe * Belgium has a national system with account numbers of 12 dig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glyn, Mills & Company
Glyn, Mills & Company was a private bank founded in London in 1753, which existed until 1969, when it became part of the Royal Bank of Scotland. History Early history The bank was founded under the name Vere, Glyn & Hallifax. Joseph Vere was an experienced banker who was a member of the Goldsmiths Company and had been involved with earlier banking partnerships; Richard Glyn had been a prominent London drysalter with widespread merchanting connections; and Thomas Hallifax was the son of a Barnsley clockmaker who had become chief clerk at Martins Bank. Unlike many of the private London banks that relied on wealthy and titled customers, Glyn, Mills was originally a commercial institution; railway companies, the Sun Insurance and the Hudson's Bay Company were leading customers. Vere died in 1766 leaving Glyn and Hallifax as partners; they traded satisfactorily until the financial panic of 1772 when the Bank had to stop payment for some weeks and narrowly avoided bankruptcy. One of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
District Bank
The Manchester and Liverpool District Bank was formed in 1829 and it became one of the leading provincial joint stock banks; its name was shortened to District Bank in 1924. The Bank was acquired by the National Provincial Bank in 1962 but kept its identity until the latter’s merger with Westminster Bank. History The Manchester and Liverpool District Banking Company Joseph Macardy was an Irishman who became the senior partner of a firm of Manchester stockbrokers and in 1828 he became involved in the establishment of a new joint stock bank in the city. However, when his proposal to open branches in all the neighbouring towns was rejected, he immediately issued a prospectus for a new bank, specifically to have branches, and to be called either the District Banking Company or the Union Banking Company. In the event, the bank duly opened in 1829 under the name Manchester and Liverpool District Banking; its success was such that by 1877 Grindon described it as "first and foremost ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NatWest
National Westminster Bank, trading as NatWest, is a major Retail banking, retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the Corporate merger, merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. NatWest International is a trading name of RBS International, which also sits outside the ringfence. Between 2008 and 2025, the UK government held a stake in NatWest Group following its £45 billion ($61.87 billion) bailout of the lender which led to it owning 84 per cent at one point. The bank returned to full private ownership on 30 May 2025 after 17 years. NatWest is considered one of the Big Four (banking)#United Kingdom, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parentheses
A bracket is either of two tall fore- or back-facing punctuation marks commonly used to isolate a segment of text or data from its surroundings. They come in four main pairs of shapes, as given in the box to the right, which also gives their names, that vary between British and American English. "Brackets", without further qualification, are in British English the ... marks and in American English the ... marks. Other symbols are repurposed as brackets in specialist contexts, such as those used by linguists. Brackets are typically deployed in symmetric pairs, and an individual bracket may be identified as a "left" or "right" bracket or, alternatively, an "opening bracket" or "closing bracket", respectively, depending on the directionality of the context. In casual writing and in technical fields such as computing or linguistic analysis of grammar, brackets nest, with segments of bracketed material containing embedded within them other further bracketed sub-segments. The num ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single Euro Payments Area
The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for simplification of bank transfers denominated in euros. , there were 41 members in SEPA, consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and the United Kingdom. Some microstates participate in the technical schemes: Andorra, Monaco, San Marino, and Vatican City. By 2025, Albania, Moldova, Montenegro, North Macedonia and Serbia were 5 countries negotiating to join the EU already included in SEPA. SEPA covers predominantly normal bank transfers. Payment methods which have additional optional features or services, such as Mobile payments in India, mobile phone or smart card payment systems, are not directly covered. However, the instant SEPA payment scheme facilitates payment products also on smart devices. Goals The aim of SEPA as stated in 2008 was to improve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Service Provider
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. They will often provide merchant services and act as a payment gateway or payment processor for e-commerce and brick and mortar businesses. They may also offer risk management services for card and bank based payments, transaction payment matching, digital wallets, reporting, fund remittance, currency exchange and fraud protection. The PSP will typically provide software to integrate with e-commerce websites or point of sale systems. Operation PSPs establish technical connections with acquiring banks and card networks, enabling merchants to accept different payment methods without the need to partner with a particular bank. They fully manage payment processing and external network relationships, ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CHAPS
Chaparreras or chaps () are a type of sturdy over-pants (overalls) or leggings of Mexican origin, made of leather, without a seat, made up of two separate legs that are fastened to the waist with straps or belt. They are worn over trousers and were originally intended for protecting the rider from the rain and mud, and from tears and injuries. They were created to replace ''armas de agua'' (water shields) or simply ''armas'' (shields), a set of leather flaps that hung from the Mexican saddle to protect the rider's legs from the rain. The word "chaparreras" is believed to have come from either “chaparrón”, a cloudburst or sudden, heavy rain, or from “chaparros”, a Mexican colloquial name for brush and a type of shrub. Due to the difficult pronunciation, Americans shortened the word to ''Chaps'', originally spelled and pronounced ''schaps'' or ''shaps''. ''Chivarras'', from ''chivo'' (goat), is the name for chaparreras made of goatskins tanned with the hair on. There wer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Faster Payments
The Faster Payments Service (FPS) is a United Kingdom real-time gross settlement system which facilitates transfers between different banks' customer accounts within a few seconds. The system offers faster settlement times than the long-established BACS and CHAPS systems. FPS processes a large volume of small payments, subject to limits set by the individual banks, with some allowing Faster Payments of up to £1million. Transfer time, while expected to be short, is not guaranteed, nor is it guaranteed that the receiving institution will immediately credit the payee's account. On 1 May 2018 the Bank of England announced that the New Payment System Operator (NPSO), which had been rebranded as Pay.UK in 2017, had taken over responsibility for the operation of the Bacs and Faster Payments systems and Faster Payments announced that it had become a subsidiary company of Pay.UK. Background In November 1998 the UK Treasury commissioned the Cruickshank Report, a review of competitio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cheque And Credit Clearing Company
The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...s. The company has managed the cheque clearing system in England and Wales since 1985, in all of Great Britain since 1996 when it took over responsibility for managing the Scottish cheque clearing as well, and in the whole of the United Kingdom since the introduction of the Image Clearing System in 2019. It has been a subsidiary of Pay.UK since 2018. As well as clearing cheques, the system processes the following forms of payment: banker's drafts, building society cheques, postal orders, warrants, government payable orders and traveller's cheques. The company also manages the systems for t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
