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The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing banks.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 ...
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
The Pay.UK (formerly UK Payments Administration) is a United Kingdom 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 and the Cheque and Credit Clearing Company.
Bacs Limited used that name for one year, becoming Voca Limited on 12 October 2004. Voca Limited merged with the UK national switch provider LINK Interchange Network on 2 July 2007, and became Vocalink. Vocalink owns the infrastructure on which payment schemes operate, and BPSL maintains the schemes.
Abbey and Alliance & Leicester merged their membership under Santander UK in February 2011; Bank of Scotland merged their membership into Lloyds Banking Group in September 2011 and Northern Rock resigned from membership in October 2011. The remaining ten members became the initial shareholders of Faster Payments Scheme Limited in November 2011.
Payments UK was a trade association for financial institutions, technology firms and payment processing companies in the United Kingdom. [ 1 ] [ 2 ] It merged with a number of other British financial organisations in July 2017 to form UK Finance .
In 2019, it went on to acquire a payment gateway system from Segovia, a financial technology company focused on cross-border payments. [5] The company was the subject of an initial public offering on the London Stock Exchange, which valued the company at £851 million, in July 2023. [6] [7] [8]
Vocalink is a payment systems company headquartered in the United Kingdom, created in 2007 from the merger between Voca and LINK. [1] It designs, builds and operates the UK payments infrastructure, which underpins the provision of the Bacs payment system and the UK ATM LINK switching platform covering 65,000 ATMs and the UK Faster Payments systems.