Bacs cookie policy

We use cookies on our website to provide you with the best possible online experience. By continuing to use this site, you give consent for cookies to be used. Please read our cookie policy for more information and details on how to change your preferences. Cookie Policy.

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​.​​​​

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.

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!
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

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

Links to extra information relating to the page you are on
Information Hub
Minimize News Centre
NOT REGISTERED YET? Some areas and assets are password protected and only available to eligible registered users. To gain access to all the information you need register for your password and log in first every visit REGISTER