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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.
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.
Microsites for the various editions of the Guide and Rules for Bacs services and schemes
The Bacs processing calendars showing non processing dates and indicating Julian dates to assist with processing payment files