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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 www.wearepay.uk​.​​​​


Press releases
Plan ahead to avoid delays to Easter payments
01 April 2020
A long bank holiday weekend is fast approaching, and planning around the available processing days is important to avoid missing vital payments to suppliers and staff.
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.
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@BacsUK
10 August 2020 16:17 PM
If you missed our recent #webinar Paying from home - How social distancing has accelerated the changes in the way we pay - you can watch now on our YouTube channel. https://t.co/32SceGPbUi #payments https://t.co/5OcOl7s2mq
16 July 2020 09:27 AM
Still time to sign up for this https://t.co/TnMR9sGc1G

Bacs briefing
Direct Debit dormancy period temporarily extended30 June 2020READ HERE
COVID-19: adapting process to meet service user needs05 June 2020Read now
Bank holiday payments – stay on top of processing dates05 May 2020Read now
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