The Pay.UK (formerly UK Payments Administration) is a

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

service company that provides people, facilities and expertise to the UK payments industry. UKPA was created on 6 July 2009, as a successor of the ''Association for Payment Clearing Services'' (''APACS'') to support the systems behind UK payments, such as Bacs,

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 ...

and the Cheque and Credit Clearing Company. APACS had been created in 1985 to oversee the majority of UK payment clearing systems and keep their operational efficiency and integrity in order.

History

The organization was created to amalgamate the United Kingdoms domestic payment systems that had been operating separately for over 50 years. This included the Cheque and Credit Clearing Company, Bacs, cheque image clearing system, and Faster Payments. Former UK prime minister

Theresa May Theresa Mary May, Baroness May of Maidenhead (; ; born 1 October 1956), is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2016 to 2019. She previously served as Home Secretar ...

was a former employee. In Sep 2017 the ''New Payment System Operator (NPSO)'' was established and in October that year the organisation was rebranded as Pay.UK. In May 2018 Bacs and Faster Payments officially became subsidiaries of Pay.UK.

References

{{Authority control Financial services companies established in 2009 Banking in the United Kingdom Trade associations based in the United Kingdom Payment systems organizations Banking technology 2009 establishments in the United Kingdom Organizations established in 2009