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Press releases

Our latest press releases can be found below. They are listed in date order with the most recent release at the top of the page, filtered so only articles from the last 12 months are displayed.

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  • Businesses reminded to avoid bank holiday payment delays21.8.2020
    The August bank holiday is fast-approaching and Pay.UK, the home of Direct Debit and Bacs Direct Credit in the UK, is reminding businesses to plan around the long weekend to avoid missing important payment commitments.
  • Plan ahead to avoid delays to Easter payments1.4.2020
    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 201918.2.2020
    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 payments5.2.2020
    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).
  • Mental health cost of late payments20.1.2020
    Late payments are hitting the mental health of small business owners, according to research published by Pay.UK, which runs the Bacs Direct Credit and Direct Debit payment services.
  • Don’t leave Christmas payments until the last minute9.12.2019
    Businesses across the country are being urged to plan ahead if they have essential payments to make over the Christmas and New Year holiday periods.
  • Automated payments hit new high4.12.2019
    ​A new record of over 124 million payments were processed in just one day last week through Pay.UK’s Direct Debit and Bacs Direct Credit systems, a million more than the previous high set in 2018.
  • UK SMEs face debt burden of £23.4 billion21.11.2019
    The UK SME late payment debt has risen to a staggering £23.4 billion, up £10.4 billion on the £13 billion owed in 2018 - according to figures released by Pay.UK, which runs the Bacs Direct Credit and Direct Debit payment services.
  • Essential dates for planning 2020 automated payments published11.11.2019
    Businesses can now easily plan ahead to avoid missing important payments in 2020, thanks to a new processing calendar published by Pay.UK, the home for Bacs Direct Credit and Direct Debit.
  • Businesses urged to plan ahead to avoid Bank Holiday payment problems1.8.2019
    ​The August Bank Holiday is fast approaching and Pay.UK, the home of Direct Debit and Bacs Direct Credit in the UK, is reminding businesses to plan ahead to avoid missing important payment commitments.
  • Businesses urged to plan ahead to avoid delays to Easter payments12.4.2019
    ​With Easter 2019 just around the corner, Pay.UK is urging business owners to plan ahead if they are to avoid missing payments to staff and suppliers over the long Easter Bank Holiday weekend.
  • Second phase of new access model for non-bank PSPs now live22.3.2019
    The new model allows non-bank PSPs to utilise client funds to support payments made via the Faster Payments system. Bacs is due to go live with this model later this year.
  • Industry teams join Pay.UK1.3.2019
    ​Pay.UK is the new home for Bacs, Faster Payments, and Cheque and Credit Clearing and, as of today (1 March) it is also the formal home of their people, a skilled team with a wealth of experience across the UK’s complex payments industry.
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