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News Centre

The latest press releases, news, videos, photos and payments information from Bacs, the organisation behind Direct Debit.

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​.​​​​

Press releases
Time for businesses to get their Christmas payments all wrapped up
06 December 2018
​Businesses across the country are being urged to plan ahead if they have essential payments to make over the Christmas and New Year periods.

11 December 2018 09:18 AM
Latest @BacsUK figures show late payment crisis worsening on many fronts. Staggering 1 in 10 small firms now hiring a member of staff to chase overdue invoices
10 December 2018 16:09 PM
Cost of collecting late payments rockets: The UK’s smallest businesses are facing a bill of £6.7bn, up from £2.6bn in 2017 – just to collect money they’re already owed, according to research by Bacs Payment Schemes Limited (Bacs)...

Bacs briefing
10 common Confirmation of Payee questions answered11 December 2018FIND OUT MORE
Marking five years of the Current Account Switch Service21 September 2018READ NOW
New Current Account Switch Service discussion paper l...13 September 2018READ NOW

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