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News Centre

​Our latest Bacs press releases, news, videos, photos, and payments information.​

Bacs is owned and operated by leading retail payments authority 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
50 years and 78 billion payments – Direct Debit hits half a century
15 December 2020
It may not be an entry in too many people’s diaries, but this year represents a golden milestone for Direct Debit, as one of the most familiar payment methods in the UK turns 50.
Businesses reminded to plan ahead to avoid Christmas payment delays
07 December 2020
Businesses across the country are being reminded to plan ahead if they have essential payments to make over the Christmas and New Year holiday periods.

17 December 2020 13:07 PM
One of the most frequently used payment methods in the UK turns 50. #directdebit #paymentmethods #BePayroll
17 December 2020 11:11 AM
As we reflect on 50 years of Direct Debit, @WeArePayUK's David Piper blogs about the evolution of a trusted and familiar payment method: #payments

Bacs briefing
50 years and 78 billion payments – Direct Debit hits half a century15 December 2020Read now
Direct Debit dormancy period temporarily extended30 June 2020READ HERE
COVID-19: adapting process to meet service user needs05 June 2020Read now