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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 now a wholly owned subsidiary of NPSO Limited (NPSO)

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 now owned and operated by the new home for UK retail payments, the NPSO, from 1 May 2018. The new organisation is taking overall responsibility for the activities previously carried out by Bacs Payment Schemes Limited and Faster Payments Scheme Limited, and soon this will also include The Cheque & Credit Clearing Company Limited and UK Payments Administration Ltd. While now part of the NPSO, 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.newpso.uk.


Press releases
NPSO widens scope of procurement for New Payments Architecture
24 September 2018
Initial details of a new procurement process for the clearing and settlement layer that will form the backbone of the New Payments Architecture (NPA) have been announced by the New Payment System Operator (NPSO).
High fives for UK’s flagship account switching service
17 September 2018
There’s a double high five for the Current Account Switch Service this month as it celebrates its fifth anniversary alongside a new high for current account switching volumes.
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@BacsUK
20 September 2018 15:37 PM
Last night (Wednesday), we hosted a celebratory event to mark the fifth anniversary of the Current Account Switch S… https://t.co/HyCSrMCu0S
18 September 2018 11:36 AM
ICYMI: Sunday (16 Sep) marked the fifth anniversary of the Current Account Switch Service. Find out more here:… https://t.co/z9cYy3CsxF

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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