
ISO 20022 for banks and non-bank PSPs
We discuss how migration to ISO 20022 has a number of significant implications for all participants across the payments industry.
Combining leading technology with deep experience serving the needs of financial institutions, we provide the scale and flexibility to make managing payments simpler, faster and more transparent for you and your customers.
Barclays is the trusted payments partner of Banks, Broker Dealers and Fintechs across the world.
We provide direct and indirect access to all UK payment schemes. With flexible tariff schemes and leading-edge technology, we can help you execute, track and report on all your clearing and payments activity in the way that best suits your business – today and in the future.
As a direct participant of payment forums and industry groups, we take a leading role in industry discussions. This allows us to help shape regulatory or technological change – and swiftly implement such changes into our own solutions.
Focusing on the specific needs of financial institutions and Fintechs, we provide straight-through processing for 99% of payments. Our highly automated, yet flexible payment architecture can also support complex payment scenarios.
Why choose Barclays
What we offer:
If you make a payment to, or receive a payment from, a financial institution that holds accounts with Barclays Bank PLC or any other Barclays Bank PLC accountholder we may process that payment internally within Barclays, rather than using a payment scheme. In that case, the payment will not benefit from the protections of the UK’s settlement finality regime. This includes payments that would otherwise be made or received through the CHAPS scheme.
Indirect access enables financial institutions and Fintechs to use UK payment and clearing schemes at lower cost and with fewer operational needs than direct access.
Our indirect and agency payment solutions allow you to give your customers access to all major payment schemes as a seamless, fully integrated part of your business.
What we offer
We support payment service providers (PSPs) seeking to provide their own customers with services to transfer funds within the UK by providing PSPs with indirect access to the UK payment schemes. Barclays has subscribed to the ‘Voluntary Code of Conduct for Indirect Access Providers1’ since 2015.
1. Agency bank access
Which UK payment systems can you access?
Agency Banks2 Deposit - taking institutions |
Agency Banks2 Electronic money institutions |
Agency Banks2 Authorised payment institutions |
Non-agency All3 |
|
---|---|---|---|---|
Faster payments |
Yes |
Yes |
Yes |
Yes |
Submission of FPS by Agency Bank’s Corporates |
Yes |
No |
No |
No |
CHAPS |
Yes |
Yes |
Yes |
Yes |
Bacs |
Yes |
Yes |
Yes |
Yes |
Submission of Bacs by Agency Bank’s Corporates |
Yes |
No |
No |
No |
Cheque Image Clearing |
Yes |
Yes |
Yes |
Yes |
1The Voluntary Code of Conduct for Indirect Access Providers PDF†^
2Access to payments via a sort code in the name of the Agency Bank
3Access to payments via a Barclays account
We tailor our services and pricing to your individual requirements. The types of service we offer are shown on the 'types of service' PDF†
If you make a payment to, or receive a payment from, a financial institution that holds accounts with Barclays Bank PLC or any other Barclays Bank PLC accountholder we may process that payment internally within Barclays, rather than using a payment scheme. In that case, the payment will not benefit from the protections of the UK’s settlement finality regime. This includes payments that would otherwise be made or received through the CHAPS scheme.
2. Non-agency bank access
Allows you to make and receive a variety of payments including Bacs, CHAPS and Faster Payments Service via Barclays.
Find related solutions and insights
We discuss how migration to ISO 20022 has a number of significant implications for all participants across the payments industry.
Listen back to our Financial Institutions Forum webinar series.
Get support and expertise from Barclays Corporate industry specialists across the FinTech sector.