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In the third quarter of this year, if all goes to plan, ClearBank will go into business as the first new UK clearing bank to open its doors to customers for 250 years.
It will provide those customers with the ability to move money along each and every strand of the spaghetti bowl of UK payments systems – Bacs, Chaps, cheque and credit clearing, faster payments, Link, Visa – quickly, easily and at low cost, thanks to state-of-the-art technology.
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