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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
Latest Current Account Switch Service figures published
30 January 2019
The latest figures for the Current Account Switch Service are published today (30 January), showing that over 5.3 million (5,381,216) successful switches have taken place since the service launched in 2013.
Pay.UK posts record volumes and values as industry revamp ramps up
22 January 2019
Automated payments hit an all-time high in 2018 with brand new annual, monthly, and daily records set – one of them, twice.

15 February 2019 16:29 PM
We want to hear from you at the #utilities roundtable about the new #RequesttoPay service on the 21 Feb in London. #RtP is a new overlay service set to give people more flexibility when settling bills. To sign up please contact
12 February 2019 12:12 PM
Come to #PAY360 on 14th March and see Anne Pieckielon, Director of Product & Strategy at @BacsUK, speak at the Diversity in PayTech Discussion: Shifting the Balance – How to successfully promote diversity and inclusion in your organization? Register now:

Bacs briefing
Bacs’ Bulk Payment Redirection Service: could your or...14 February 2019READ MORE
Travel firms increasingly turning to Direct Debit18 December 2018READ NOW
10 common Confirmation of Payee questions answered11 December 2018FIND OUT MORE

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