Bacs Payment Schemes Limited (Bacs)

Founded in 1968, Bacs has processed over 150 billion payments in the last five decades. In 2022, over 6.5 billion UK payments were made this way, including 4.7 billion Direct Debits. On 1 May 2018, Bacs Payment Schemes Limited became a wholly owned subsidiary of the new home for UK retail payments, Pay.UK. The responsibility for the operations of Direct Debit, Bacs Direct Credit, the Current Account Switch Service, Cash ISA Transfer Service and the Industry Sort Code Directory were handed over to Pay.UK. The Bacs payment systems are recognised as systemically important infrastructure under the Banking Act 2009. This...

Direct debit and bacs direct credit

Bacs payment schemes limited (bacs) operates in the Financial services industry.

Bacs payment schemes limited (bacs)'s revenue is 11m - 100m

Bacs payment schemes limited (bacs) has 11 - 50 employees.