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News Centre

Our latest Bacs press releases, news, videos, photos, and payments information.​

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
Pay.UK processes record payment volumes and values in 2019
18 February 2020
Payments made through the three retail payment systems managed by Pay.UK reached an all-time high in 2019, with businesses and individuals making 9.2 billion transactions with a combined value of £7.4 trillion.
Pay.UK consults on next generation standard for UK retail payments
05 February 2020
Pay.UK has published an industry consultation regarding its recommended approach for the use of the global standard ISO 20022 within the clearing and settlement capability of the New Payments Architecture (NPA).

04 March 2020 11:23 AM
With Easter just around the corner, make sure you download the Bacs 2020 processing calendar and stay on top of those important payment dates: #payments
19 February 2020 16:17 PM
We would love to hear from charities, small and large businesses. As part of our industry consultation into a new messaging standard for UK payments we are holding a User Workshop on Tuesday 17 March. To find out more or register to attend please contact

Bacs briefing
Bulk Payment Redirection Service delivers efficiency ...29 July 2019Read here
Masterclasses prove popular03 May 2019Read more
Building on strong foundations21 February 2019READ NOW

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