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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​.​​​​

Press releases
Time for businesses to get their Christmas payments all wrapped up
06 December 2018
​Businesses across the country are being urged to plan ahead if they have essential payments to make over the Christmas and New Year periods.
Bacs sets new daily processing record for the second time this year
04 December 2018
A new record of 123 million transactions was set on Thursday 29 November, surpassing the previous high of 114 million, which was recorded just three months earlier, and represents an increase of nearly 8 per cent.

05 December 2018 09:49 AM
Last week saw Bacs record a new daily processing record for the second time this year. At 123 million transactions the new high beats the previous record of 114 million #payments, set in August. Find out more, here:
03 December 2018 11:57 AM
A reminder to follow @WeArePayUK , the new home for the UK’s retail #payments systems. You can find out more at

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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