2010

With severe weather causing disruption to postal services and postmen attempting to clear the build up of delayed mail by cramming in extra deliveries, Bacs predicts that British businesses could be facing cash-flow misery this Christmas.

Millions of British bill payers could be hit hard in the pocket if the expected severe weather conditions forecast by the Met Office cause delays to postal payments, according to Bacs.

Bacs, the UK’s leading authority on automated payments, has scooped the coveted top prize in the Best Use of PR category at the B2B Marketing Awards 2010.

New research from Bacs shows customer loyalty is rising for Direct Debit customers, with an increase in the number of bill payers saying they are less likely to switch suppliers if they’ve committed to this payment method.

Businesses and the public sector are being urged to look at low impact options to find cost savings before considering cuts.

New research from Bacs has found that British households are taking the lead from Chancellor George Osbourne in making their own budget cuts, believing they can save almost £4,500 in the process.

Payroll data made public for the first time by Bacs has produced a fascinating insight into the UK job sectors hit hardest by the recession.

Bacs has welcomed a shift towards better customer service from within the water industry.

The significant level of savings that local authorities can achieve, simply by converting more council tax payers to Direct Debit, has been demonstrated by an innovative initiative by Bacs and the London Revenues Group.

With the inevitable prospect of mounting graduate debts, Bacs is encouraging students not to let the excitement of new found freedom cloud their financial judgement, a mistake which can plunge them further into the red.

New research from Bacs has revealed that over half of British SMEs do not anticipate any assistance from the Government in tackling the late payments issue.

Bacs has welcomed the ever increasing choice of tariffs on offer for energy customers but is keen to see everyone signed-up to the best possible deal.

The number of Direct Debits which are returned unpaid to UK charities is falling, according to the latest figures from Bacs.

With 87% of households paying more than they should for their energy, Bacs has issued a timely reminder showing that Brits could save up to £435 each year, simply by choosing to pay regular household bills, by Direct Debit.

Bacs will be showcasing how local authorities can work together through collective marketing to deliver significant cost savings at this year’s Institute of Revenues, Rating and Valuation (IRRV) annual conference, 28 Sept – 1 Oct 2010, Harrogate.

Bacs is providing a timely reminder for parents to spread the cost of their children’s car insurance by using Direct Debit, rather than face the risk of prosecution by ‘fronting’ policies in a bid to save money.

Bacs has added further weight to its corporate social responsibility (CSR) programme by joining the National Trust Corporate Supporters Scheme for 2010/2011.

Announcement of the Government’s plan for a ‘fair payment’ code, to accelerate payments to sub-contractors on public construction projects, has received a cautious reception from the Institute of Credit Management (ICM) and Bacs, already working in partnership to build awareness of the issue of late payments in the UK, through the Prompt Payment Code.

Despite the age-old tradition of passing wisdom down through the generations, new research from Bacs has found that a large number of Britons ignore the financial guidance offered to them by relatives.

Bacs has announced a working partnership with the Institute of Credit Management (ICM) to drive further awareness of the Prompt Payment Code and promote the importance of paying on time, across the whole business community.

Bacs has revealed that British householders could be missing out on combined savings of up to £716.3 million each year, simply because they don’t pay their regular bills by Direct Debit.

Research conducted by Bacs shows that 48% of those who experience poor customer service are more likely to change provider as a result.

Take the pressure off once baby arrives - set up Direct Debits for all your household and personal bills.

Bacs released research data showing that 81% of people switching or attempting to switch their bank or building society within the last 5 years have been satisfied with the overall process.

More British adults than ever before think Direct Debit is a good way to pay, according to research by Bacs Payment Schemes Limited.

Research conducted by Bacs shows that people who have had a negative customer service experience are more likely to change provider as a result.

The number of adults failing to make basic checks on their bank accounts is rising, according to research by Bacs.

Bacs has received prestigious marketing industry recognition for its on going work to raise awareness of the late payments issue in Britain, reinforcing its position as a leading voice for Britain’s SME community on this subject.

British SMEs are having to wait an average of 41 days longer than thier original agreed payment terms, before invoices are paid.

A new prize draw promotion launched by 20 London councils in conjunction with Bacs, is offering London residents the opportunity to win £25,000 by paying their council tax by Direct Debit.

Charity Direct Debit donations have increased by 2.7% between January 2009 and November 2009, according to figures from Bacs Payment Schemes, despite the difficult economic back-drop.