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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 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 www.wearepay.uk​.​​​​

News centre
News centre
PRESS RELEASE Industry teams join Pay.UK
01 March 2019
​Pay.UK is the new home for Bacs, Faster Payments, and Cheque and Credit Clearing and, as of today (1 March) it is also the formal home of their people, a skilled team with a wealth of experience across the UK’s complex payments industry.
@BacsUK
14 March 2019 09:23 AM
Hammond announces crackdown on late payments to small businesses https://t.co/k0rVdW19TR via @financialtimes
 
12 March 2019 13:25 PM
An exciting future for #payments in the UK, plus a record-breaking 2018 for @BacsUK are among the topics discussed by @WeArePayUK CEO, Paul Horlock, in our blog. Read it, here: https://t.co/0eFoVAtm1a
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Building on strong foundations
21 February 2019
Automated payments hit an all-time high in 2018, with a host of records broken across the year. This included new annual, monthly, and daily highs – with the latter surpassed twice.
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