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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
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.

28 May 2020 10:54 AM
We invite you to our webinar on Thursday 11 June at 1pm. CEO Paul Horlock together with a panel of industry colleagues will be discussing the challenges payment services providers are facing, and how the industry is supporting them. Register Here
21 May 2020 12:02 PM
Social distancing measures due to the #COVID19UK pandemic have, for many of us, changed the way we manage our finances. Here are our top tips for making non-card payments digitally through a bank or building society account - safely & securely from home.

Bacs briefing
Bank holiday payments – stay on top of processing dates05 May 2020Read now
Taking advantage of best practice videos23 April 2020Read more

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