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News Centre

Our latest Bacs press releases, news, videos, photos, and payments information.​

Bacs Payment Schemes Limited is a wholly owned subsidiary of Pay.UK

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 owned and operated by leading UK retail payments authority, Pay.UK. 

Pay.UK has taken overall responsibility for the activities previously carried out by Bacs Payment Schemes Limited, Faster Payments Scheme Limited, The Cheque & Credit Clearing Company Limited, and UK Payments Administration Ltd. While now part of Pay.UK, 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​.​​​​

Press releases
Mental health cost of late payments
20 January 2020
Late payments are hitting the mental health of small business owners, according to research published by Pay.UK, which runs the Bacs Direct Credit and Direct Debit payment services.
Don’t leave Christmas payments until the last minute
09 December 2019
Businesses across the country are being urged to plan ahead if they have essential payments to make over the Christmas and New Year holiday periods.

16 January 2020 10:20 AM
Our Director of Strategy and Standards, Kate Frankish is speaking about the Future of Payments at the @FinTechNetwork #RBI2020 event in March #payments
08 January 2020 14:18 PM
If you don’t already, then start the new year by following the team at @WeArePayUK

Bacs briefing
Bulk Payment Redirection Service delivers efficiency ...29 July 2019Read here
Masterclasses prove popular03 May 2019Read more
Building on strong foundations21 February 2019READ NOW

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