Bank of England says CHAPS payments now settling as normal

Blurred buses pass the Bank of England in the City of London. The Bank of England announced that the issues with its CHAPS service have been resolved. Payments are now settling back to normal, and the bank expects all payments received to be settled by the end of the day. A global payments issue had caused delays in high-value and time-sensitive payments, but retail payment systems and cash machines were unaffected. The CHAPS system, operated by the Bank of England, has experienced technical problems in the past.