Welcome to Bacs Briefing. Here, our team shares news and views, not just about Bacs but about the wider payments industry, too. There’s a chance to gain an insight into what we do on a day to day basis, and to hear from some of the people responsible for delivering the service that sees more than 6 billion payments processed in a year, including 4 billion Direct Debits, more than a billion welfare payments, and the majority of UK salaries and wages. Of course, we also own and manage the Current Account Switch Service, the Cash ISA Transfer Service, and the Bulk Payment Redirection Service, so watch out for news on those, as well.
We want to make sure this space is useful to you so, if there’s anything you think we should tell you about, we’d be pleased to hear from you - please contact us and we’ll do our best to accommodate you.