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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 NPSO widens scope of procurement for New Payments Architecture
24 September 2018
Initial details of a new procurement process for the clearing and settlement layer that will form the backbone of the New Payments Architecture (NPA) have been announced by the New Payment System Operator (NPSO).
@BacsUK
12 October 2018 10:42 AM
ICYMI: You can now download our handy 2019 processing calendar to help you keep on top of all those important processing dates: https://t.co/qeAGr7jXHQ #payments https://t.co/9tUUFu4Kb0
 
10 October 2018 10:38 AM
Great turnout at our service user masterclass, taking place in Manchester today. Thanks to all those attending and we hope you find it useful. #payments https://t.co/OBaIfqtT6q
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Marking five years of the Current Account Switch Service
21 September 2018
This week we’ve been marking the fifth anniversary of the Current Account Switch Service with a range of activity, alongside our industry partners.
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