UK Payments Administration explained

UK Payments Administration Ltd
Size:200px
Abbreviation:UKPA
Predecessor:Association for Payment Clearing Services
Formation:6 July 2009
Type:Limited company
Headquarters:2 Thomas More Square
London, E1
Region Served:United Kingdom

The UK Payments Administration Ltd (UKPA) 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. APACS had been created in 1985[1] to oversee the majority of UK payment clearing systems and keep their operational efficiency and integrity in order. Theresa May is a former employee.[2]

Notes and References

  1. Book: Wood. Frank. Sangster. Alan. Frank Wood's business accounting UK GAAP. 2008. FT Prentice Hall. Harlow, England. 9780273718765. 128. 1st .
  2. News: 2016-07-25. Who is Theresa May: A profile of UK's new prime minister. en-GB. BBC News. 2021-09-26.