The Bank of England is reporting issues with CHAPS or Clearing House Automated Payment System, the platform that enables real-time gross settlement payments in the United Kingdom.
The Bank stated that the issues impacted some “high-value and time-sensitive payments, including some house purchases.”
The Bank did not share exactly what has impacted CHAPS, whether it was an internal issue or the result of some sort of attack.
The Bank added that retail payments remain unaffected so individuals may use cash points (ATMs) and normal transfers.
UPDATE: The Bank of England has issued a statement that problems with CHAPS are now resolved. The Central Bank did not provide any additional information on the issue.