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News Centre

The latest press releases, news, videos, photos and payments information from Bacs, the organisation behind Direct Debit.

 
Bacs Payment Schemes Limited is now a wholly owned subsidiary of NPSO Limited (NPSO)

The systemically important operations for Direct Debit and Bacs Direct Credit as well as the Current Account Switch Service, Cash ISA Transfer Service and the Industry Sort Code Directory are now owned and operated by the new home for UK retail payments, the NPSO, from 1 May 2018. The new organisation is taking overall responsibility for the activities previously carried out by Bacs Payment Schemes Limited and Faster Payments Scheme Limited, and soon this will also include The Cheque & Credit Clearing Company Limited and UK Payments Administration Ltd. While now part of the NPSO, the Bacs team will continue to manage the company’s  products and services as normal. Neither consumers, service users, nor payment service providers (PSPs) will see any change. For further information, please visit www.newpso.uk.


Press releases
ipagoo is first non-bank payment service provider to join Bacs
29 May 2018
For the first time, a non-bank payment service provider has joined Bacs, as Orwell Group’s ipagoo secures direct access to systemically important payment options Direct Debit and Bacs Direct Credit for its customers.
New Payment System Operator takes on responsibility for the Bacs and Faster Payments systems
01 May 2018
​Operational responsibility for the Bacs and Faster Payments systems has transferred to the New Payment System Operator (NPSO).
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@BacsUK
18 June 2018 14:35 PM
Our latest blog comes from Bacs’ director of product and strategy, Anne Pieckielon. Read this, and our other blogs,… https://t.co/bHx2wMwNbk
13 June 2018 12:13 PM
In case you missed the recent announcement, ipagoo has become the first non-bank payment service provider to join B… https://t.co/lQ5eMWcm1r

Bacs briefing
Alarming report into women on boards13 June 2018Read more
The consumer conundrum: Ensuring effective representa...16 May 2018Read more
The future of retail payments in the UK11 May 2018Read more
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