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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 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 www.wearepay.uk​.​​​​


Press releases
Latest figures reveal over five million accounts have been switched since launch of Current Account Switch Service
24 October 2018
The latest figures for the Current Account Switch Service show that over 5.1 million (5,145,568) successful switches have taken place since the service launched in 2013.
‘Pay.UK’ announced as the new name for the UK’s leading retail payments authority
18 October 2018
The leading retail payments authority in the UK – formerly known as the New Payment System Operator / NPSO – is pleased to announce it now has a new name and brand: Pay.UK.
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@BacsUK
14 November 2018 10:06 AM
Did you know that on our record day Bacs processed 114 million #payments? The milestone was set in August this year, beating the previous record by more than two million transactions! https://t.co/KjuJmQzqR8
13 November 2018 16:21 PM
Call for interest - contribute to our project to develop an ‘Enhanced Data’ capability as part of the New Payments Architecture. To find out more, and complete the questionnaire visit https://t.co/SPwjrS2jjY https://t.co/D6WoCL3sdJ

Bacs briefing
Marking five years of the Current Account Switch Service21 September 2018READ NOW
New Current Account Switch Service discussion paper l...13 September 2018READ NOW
Latest Current Account Switch Service campaign launches24 August 2018FIND OUT MORE
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