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

Over 125 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.

Half a century of Bacs payments – household name marks major milestone17.4.2018
A household name that launched before man walked on the moon, when mobile communicators only existed on sci-fi shows, and as Apple’s Steve Jobs was just entering his teens, marks its 50 th anniversary this month.
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New campaign aims to raise awareness of account switching among SMEs28.3.2018
Small to medium size businesses (SMEs) are at the heart of a new multi-media advertising campaign launched by the Current Account Switch Service, which highlights the ease with which SMEs can switch their business bank accounts.
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Easter is fast approaching and businesses are urged to plan ahead to avoid payment delays12.3.2018
With Easter well on its way, Bacs Payment Schemes Limited (Bacs), the people behind Direct Debit and Bacs Direct Credit in the UK, is reminding businesses to plan ahead to avoid missing important payments.
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Challenger brand Starling Bank joins Bacs19.2.2018
Starling Bank, one of the new breed of mobile-only challenger banks, has joined Bacs.
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Bacs welcomes latest move to simplify account opening process for small businesses2.2.2018
The organisation behind the Current Account Switch Service, Bacs, has welcomed today’s announcement by industry body, UK Finance, that the account opening process has been made simpler for small business owners.
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Latest Current Account Switch Service figures published24.1.2018
The latest figures for the Current Account Switch Service are published today (24 January), showing that nearly 4.5 million successful switches have taken place since the service launched in 2013.
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Another record-breaking year for Bacs11.1.2018
Figures released today show that 2017 was another record-breaking year for Bacs, with over 6.34 billion payments, worth a total in excess of £4.9 Trillion, processed by the company behind Direct Debit in the UK.
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Billers encouraged to take advantage of marketing toolkit29.11.2017
Organisations across the country are being encouraged to take advantage of a free, online marketing toolkit to help promote and increase Direct Debit sign-up rates.
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'Yule need to plan in advance’ – businesses warned to plan ahead for festive payments15.11.2017
UK businesses are being urged to plan in advance to avoid missing or delaying crucial payments over the Christmas and New Year holidays.
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Current Account Switch Service switches over four million accounts25.10.2017
The latest figures for the Current Account Switch Service are published today (25 October), showing that in excess of four million (4,204,446) successful switches have taken place since the service launched in 2013.
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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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Facts and figures
A range of statistics published by Bacs
CASS Annual Report 2017
Review of significant steps since CASS launched in 2013 and outline plans for taking it forward in 2018 and beyond
Bacs summary of achievements 2017
Bacs key achievements across all areas of the business in 2017
Bacs - 2017 key stats infographic
6.34 billion payments worth a total of £4.9 trillion were processed by Bacs in 2017
About Bacs
An overview of Bacs and its products and services

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Over 125 billion transactions processed since the inception of Bacs in 1968

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Press releases