Association for Payment Clearing Services
From Longman Business DictionaryRelated topics: Finance, OrganizationsAssociation for Payment Clearing ServicesAssociˌation for ˈPayment ˌClearing ˌServices abbreviation APACS noun FINANCEORGANIZATIONSan organization in Britain that manages and controls payments made from bank accounts and payments using credit cards → see also BACS