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Automated payments are at the very centre of the UK’s financial system, providing an essential service for both consumers and organisations.


Bacs is the company which runs Direct Debit in the UK. We also run the Bacs Direct Credit Scheme, which is used to pay salaries and settle invoices from suppliers; this is commonly referred to just as Bacs.

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.

News centre
News centre
PRESS RELEASE The Access Bank UK becomes latest to join Bacs
17 July 2018
Access to systemically important payment systems has become even easier, as another new participant joins the organisation responsible for processing almost six and a half billion UK transactions every year.
@BacsUK
18 July 2018 14:23 PM
The Access Bank UK becomes the latest to join Bacs - find out more here: https://t.co/exEhMyM6JB
 
16 July 2018 12:28 PM
ICYMI: Bacs’ Dawneth Perry blogs about the role of Direct Debit in the social housing sector https://t.co/jCly16LDrn
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Breaking spending barriers
11 July 2018
New research shows that spreading payments over time would encourage people to take the plunge and book a holiday – largely because it removes the stress associated with finding a large chunk of cash up front.
READ MORE
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