Company:Association for Payment Clearing Services
From Wikology - The Open Business Directory
Information about UK money transmission, payments and clearings.
'APACS is the UK trade association for payments and for those institutions that deliver payment services to customers. It provides the forum for its members to come together on non-competitive issues relating to the payments industry. We currently have 31 members whose payment traffic volumes account for approximately 97% of the total UK payments market. APACS is the payments industry voice on a wide range of topics and the industry's representative in Europe. APACS forecasts payment trends, conducts market research, carries out lobbying activities, collates industry statistics, gets involved in developing industry standards and best practices. One of APACS' key responsibilities is co-ordinating a whole range of activities to tackle payment-related fraud. One of the most visible recent initiatives has been the introduction of chip and PIN, which has been achieved hand-in-hand with the retail industry. APACS works to develop and promote world-class standards for use in payments systems '-Association for Payment Clearing Services
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