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

Over 120 billion transactions processed since the inception of Bacs in 1968

No-one else has the length or depth of experience in automated payments as Bacs

Press releases

All the latest news from Bacs. Make sure you're always up to date by subscribing to receive our press releases as soon as they become available.

Switching superhighway celebrates four years and four million account switches14.9.2017
Four years ago this week, a brand new switching service was introduced to help drive competition in the UK’s banking industry.
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Two new independent directors for Current Account Switch Service31.8.2017
Two new independent directors have been appointed by Bacs Payment Schemes Limited (Bacs) to the Current Account Switch Service Executive Committee, fulfilling a key undertaking set out by the Competition and Markets Authority (CMA).
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Businesses urged to plan ahead to avoid missing payments over the Bank Holiday14.8.2017
August Bank Holiday (28 August 2017) will soon be here and businesses need to plan ahead to avoid missing important payment commitments.
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Current Account Switch Service figures published26.7.2017
The latest figures for the Current Account Switch Service show that almost 4 million (3,986,630) successful switches have taken place since the service launched in 2013.
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Late payments costing smaller UK businesses more than £2bn a year11.7.2017
The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs.
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Record tumbles as Bacs sets new processing high6.7.2017
An impressive 120,000 transactions in a single minute – that’s the new record set by Bacs, the organisation behind Direct Debit and Bacs Direct Credit in the UK.
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Turkish Bank becomes first bank to implement Bacs’ new low cost access solution4.7.2017
A pioneering approach to access has seen Turkish Bank become the 18 th and latest member of Bacs Payment Schemes Ltd (Bacs), the company behind Direct Debit and Bacs Direct Credit.
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New marketing toolkit launched to support billers promote Direct Debit15.6.2017
A free, online resource to help organisations promote and increase Direct Debit sign-up has been launched by Bacs, the company behind Direct Debit in the UK.
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Real Tree-t for Colchester school6.6.2017
Staff and pupils from Kendall Primary School, in Colchester, were joined by the team from Bacs recently, to plant 130 native broadleaf trees.
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The UK’s newest clearing bank joins Bacs Payment Schemes Limited31.5.2017
The UK's newest clearing bank, ClearBank, has become a member of Bacs, taking membership up to 17 leading financial institutions.
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Bacs publishes Direct Debit consultation outcomes at EPA conference24.5.2017
The results of a comprehensive public consultation into Direct Debit will be a key theme at the Emerging Payments Association’s (EPA) Pay 360 Digital Payments Annual Conference today (24 May), following its publication.
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Bacs wins a spot in UK’s Best Workplaces™ roll call4.5.2017
Bacs named one of the UK’s best workplaces, at a prestigious awards ceremony held last night (3 May).
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Bank customers in Israel set to benefit from UK switching expertise28.4.2017
Key people behind the Israeli bank account switching service turned to the experienced team behind the UK’s Current Account Switch Service (CASS) to tap into their knowledge and expertise.
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Latest Current Account Switch Service figures published26.4.2017
The latest figures for the Current Account Switch Service are published today (26 April), showing that over 3.7 million (3,768,492) successful switches have taken place since the service launched in 2013.
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Research paper considers the constituent parts of an effective and competitive current account market5.4.2017
Following on from its previous three reports into customer engagement in the current account market, Bacs has published and overview report called: ‘What Constitutes An Effective And Competitive Current Account Market.’
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First Current Account Switch Service annual report published30.3.2017
The report, meets one of the commitments set out in response to the Competition and Markets Authority’s (CMA) final report into retail banking.
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Challenger brand Starling Bank signs up to Current Account Switch Service27.3.2017
Starling Bank, one of the new breed of mobile-only banks, has joined the Current Account Switch Service, bringing numbers up to just shy of 50 in just three and a half years, covering almost 100 per cent of the UK’s current account market.
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Plan ahead to avoid Easter payment delays businesses are urged14.3.2017
Businesses must plan ahead to avoid missing or delaying essential payments to staff and suppliers over the Easter Bank Holiday weekend.
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Double delight for Tunbridge Wells Direct Debit winners14.2.2017
Two Tunbridge Wells residents have received a welcome boost to start 2017, after they each won £1,000 in shopping vouchers, simply for paying their housing rent by Direct Debit.
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Dartford resident scoops £10,000 prize thanks to Direct Debit31.1.2017
IT consultant, Ike Nwufoh, (38) from Dartford, has scooped a cool £10,000, simply for paying his water bill by Direct Debit.
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Current Account Switch Service figures published25.1.2017
The latest figures for the Current Account Switch Service are published today (25 January), showing that over 3.5m (3,520,190) successful switches have taken place since the service launched in 2013.
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Bacs commits to CMA undertakings17.1.2017
Bacs, the organisation which owns and operates the UK’s Current Account Switch Service (CASS), has today announced its commitment to implement the undertakings outlined in the Competition and Market Authority’s (CMA) retail banking markets investigation.
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Bacs sends clear message as more records were broken in 201610.1.2017
Almost six and a quarter billion payments worth a total of £4.8 trillion were processed by Bacs in yet another record breaking year for the company behind Direct Debit in the UK.
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Simplified access to the UK’s payments systems - a new, cross-scheme guide to participation15.12.2016
The UK’s interbank Payments System Operators (PSOs) have today published a new guide entitled, An Introduction to the UK’s Interbank Payment Schemes.
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£26 billion owed in late payments – but this won’t get worse under Brexit, say smaller UK businesses14.12.2016
Almost half of the UK’s small to medium sized enterprises (SMEs) are being paid late, according to Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs Direct Credit in the UK.
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Andrew celebrates grand win thanks to Direct Debit12.12.2016
Andrew Fenwick from Brockholes, Holmfirth, will have a Christmas to remember after winning £1,000 in shopping vouchers, simply for paying his housing rent by Direct Debit
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Bacs’ Anne Pieckielon elected to Emerging Payment Association’s Advisory Board9.12.2016
Bacs’ Director of Product and Strategy, Anne Pieckielon, has been elected to the Emerging Payments Association’s (EPA) Advisory Board
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Don’t get left out in the cold this Christmas7.12.2016
Businesses must plan in advance to avoid missing or delaying vital holiday payments to staff and suppliers over the Christmas and New Year holidays, according to Bacs.
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New independent board director for Bacs5.12.2016
Jo Kenrick brings a wealth of experience to the post; she has already held senior non-executive leadership positions in financial services.
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Local school powers up with new solar panel system donated by Bacs28.11.2016
Staff and pupils from Vicarage Primary School were joined by the team from Bacs recently), to celebrate their donation of a new solar panel system to the school.
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This could be a Christmas to remember thanks to Direct Debit18.11.2016
One lucky bill payer is set to receive an early Christmas present and start the New Year on a firm financial footing by winning a cool £10,000, simply for switching to paying by Direct Debit.
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Robert rejoices in £5,000 prize win15.11.2016
Eastbourne resident, Robert Marsh, couldn’t believe his luck when he took a call telling him that he’d won £5,000, simply for paying his council tax by Direct Debit.
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Household bill payers have to find £678 a month to pay for essentials2.11.2016
The Bacs Bill Tracker, which analyses 100 million anonymised Direct Debits per month, shows that households using automated payments now have to find £678 a month to pay for a basket of essential bills.
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Millions opt to pay vehicle tax by Direct Debit26.10.2016
New figures reveal that 16.5 million Direct Debits have been set up to pay for vehicle tax in the UK, two years since the option was first introduced by the Driving and Vehicle Licencing Agency (DVLA).
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Current Account Switch Service figures published20.10.2016
The latest figures for the Current Account Switch Service are published today (20 October), showing that 802,036 switches have taken place since January 2016, an increase of 3% compared to the same period in 2015.
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New daily processing record for Bacs3.10.2016
A record 109.3 million payments were processed in just one day last week by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit in the UK.
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Current Account Switch Service celebrates three years and 3 ¼ million switches16.9.2016
The UK’s flagship switching facility, the Current Account Switch Service is three years old today (16 September). Since launch, the switching engine has seen 3,240,640 successful switches - including 73,899 small business accounts.
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UK’s Current Account Switch Service (CASS) officially designated by the PSR14.9.2016
Bacs, the organisation which owns and operates the UK’s Current Account Switch Service, has today welcomed the Payment Systems Regulator’s announcement that CASS is now officially designated as an alternative switching scheme.
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Businesses could miss salary payments if they don’t meet higher security requirements by 19 Sept13.9.2016
The window is closing for businesses yet to accommodate higher security requirements. Bacs Payment Schemes Limited has been warning businesses of the change for the past 16 months, and the deadline is now just one week away.
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ACCOUNT SWITCHING SERVICE FIGURES

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Facts and figures
A range of statistics published by Bacs
CASS Annual Report 2016
Review of significant steps since CASS launched in 2013 and outline plans for taking it forward in 2017 and beyond
Bacs summary of achievements 2016
Bacs key achievements across all areas of the business in 2016
Bacs - 2016 key stats infographic
Almost six and a quarter billion payments worth a total of £4.8 trillion were processed by Bacs in 2016
About Bacs
An overview of Bacs and its products and services

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Over 120 billion transactions processed since the inception of Bacs in 1968

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ACCOUNT SWITCHING SERVICE FIGURES

MULTIMEDIA LIBRARY

FAQs

OUR SPOKESPEOPLE

CONTACT OUR PRESS TEAM

Press releases