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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
Businesses urged to plan ahead to avoid delays to Easter payments
12 April 2019
​With Easter 2019 just around the corner, Pay.UK is urging business owners to plan ahead if they are to avoid missing payments to staff and suppliers over the long Easter Bank Holiday weekend.
Second phase of new access model for non-bank PSPs now live
22 March 2019
The new model allows non-bank PSPs to utilise client funds to support payments made via the Faster Payments system. Bacs is due to go live with this model later this year.
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16 July 2019 11:21 AM
“The Industry Test Strategy forms a vital part of delivering the NPA, we need to ensure all participants are clear on our testing approach and we need to make sure they’ve helped shape it” – Head of NPA Testing Apply to the Testing AG by 24 July https://t.co/tGNESpStSI https://t.co/N1SiNzbQB0
16 July 2019 11:21 AM
ICYMI: Take a look at our new case study to find out how the innovative Bulk Payment Redirection Service (BPRS) helped one credit union migrate thousands of accounts to a new banking provider: https://t.co/QfkO7SyhMh https://t.co/7dXAt9cLNx
Bacs briefing
Masterclasses prove popular03 May 2019Read more
Building on strong foundations21 February 2019READ NOW
Bacs’ Bulk Payment Redirection Service: could your or...14 February 2019READ MORE
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