APACS stands for the Association for Payment Clearing Services, which was an industry body for banks and building societies in the United Kingdom that provided a forum for the collective development of standards and resources to facilitate payment clearing.
APACS, established by UK banks in 1985, managed payment clearing and money transmission in the UK through its Interest Groups focused on card payments, cash services, electronic commerce, and liquidity management. It was succeeded by the UK Payments Administration in 2009.
An entity established in 2009 as the successor to the Association for Payment Clearing Services (APACS). UKPA manages payment clearing and overseas money transmission in the UK, providing services and facilities to four main operating companies.
