Payment Services for Financial Institutions and FinTechs
Manage your payments swiftly, efficiently and with total transparency, providing flexibility for both you and your customers.
How can Payments services support your organisation?
- Innovative payments
Take the friction out of your payment chain: through our highly-automated but flexible payment architecture you can clear payments quickly and transparently
- Improved cost efficiencies
Advanced routing capabilities select the most efficient and cost-effective route for each payment, while our intelligent auto-repair solution can help to ensure straight-through processing of transactions
- Flexible tariff scheme
We provide direct and indirect access to all UK payment schemes and our global Relationship Management Application (RMA) network. Our flexible tariff schemes offer you a customisable solution, so you can execute, track and report on your clearing and payments in the way that best suits your business. Consult expert help whenever you need it – our specialist team is dedicated to financial institutions and FinTechs
- Time efficient
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 changes – and implement them into our own solutions.
Key product features and benefits
GBP Clearing
We support efficient clearing of your payments through direct access to every UK payment system – CHAPS, Faster Payment Service and cash & cheque. Flexible charging and billing options, competitive cut-off times and comprehensive reporting of balance and transactions can help you serve your clients better.
Global Currency Clearing
Extend your reach with the ability to make payments in over 120 currencies from UK accounts, or set up accounts in more than 40 currencies. Enjoy fast links to a 2,000-strong network of global banks and RMAs. You can also share the benefits of flexible pricing and competitive transaction deadlines with your clients.
Treasury Clearing
Benefit from our reach, supporting FIs with settlement in a range of systems, such as Continual Linked Settlement (CLS), CREST, LCH, Lloyds and more.
Indirect Access Solutions
Gain a competitive edge by giving your customers access to all major payment schemes as a seamless, fully-integrated part of your business. Agency bank access gives you the full functionality of a clearing bank through Barclays. This includes direct access to all UK clearing systems at a lower cost, and without the need for operational upgrades.
Your next steps
Get in touch
Whether you’re new to Barclays or an existing client, our Relationship Directors can help you find the right solution, whatever your business needs.
We support businesses with a minimum turnover of £6.5 million, simply request a call back from our industry experts to get things started.
Explore further solutions
Created to help you make the right decisions for your business, our latest banking and technology solutions are designed to support you at any stage.
We offer a wide range of products focused on helping you take advantage of opportunities for growth, and future-proofing your business.
Important Information
The products referred to in this webpage are subject to separate terms and conditions.
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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.
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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
- Provides all the advantages of direct access without the high costs and operational requirements
- Receive your own sort code with the option to provide your customers with their own unique account number on that sort code
- Get access to all UK clearing systems (see table below) so you can appear as a UK clearing bank in your own right
- Eligibility
- You must be a payment services provider as laid out in the Payment Services Regulations 2017
- Further eligibility criteria will include assessments for anti-money laundering, credit risk, procedural capability for scheme compliance and technical capability
- Further eligibility details are available on the criteria for indirect access PDF†.
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.
- Receive a settlement account in our books
- Typically identify your underlying beneficiary customer for payments by the reference in the payment instruction
- Eligibility will depend upon the precise services you require but will include assessments for anti-money laundering and credit risk
- Further eligibility details are available on the criteria for indirect access PDF†.