BACS Payment Schemes Limited

43 results about this entity

Period: 12 Oct 2004 - 01 Mar 2019

Apply Cancel
Delivery plan agreed for consolidation of UK payment schemes

Delivery plan agreed for consolidation of UK payment schemes

The UK's Payment Systems Regulator and the Bank of England have agreed a framework for the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme.

Israeli team seeks account switching insight from Bacs

Key people behind a planned new Israeli bank account switching service turned to the experienced team behind the UK’s Current Account Switch Service (CASS) to tap into their knowledge and expertise.

Latest Current Account Switch Service figures published

The latest figures for the Current Account Switch Service are published today (26 April), showing that over 3.7 million (3,768,492) successful switches have taken place since the service launched in 2013.

Bacs publishes first annual Current Account Switch Service report

The first Current Account Switch Service annual report is published today (Thursday).

Starling Bank joins Current Account Switch service

Starling Bank, one of the new breed of mobile-only banks, has joined the Current Account Switch Service, bringing numbers up to just shy of 50 in just three and a half years, covering almost 100 per cent of the UK’s current account market.

Competition watchdog welcomes overhaul of current account switching scheme

Competition watchdog welcomes overhaul of current account switching scheme

The UK's Competition and Markets Authority has welcomed a commitment from the nation's banks to overhaul the Current Account Switch Service (Cass)to ease the issues facing customers who want to move bank accounts.

Bacs reports record-breaking year

Almost six and a quarter billion payments worth a total of £4.8 trillion were processed by Bacs Payment Schemes Limited (Bacs) in yet another record breaking year for the company behind Direct Debit in the UK.

UK payments system operators publish guide to participation

The UK’s interbank Payments System Operators (PSOs) – Bacs Payment Schemes Limited (Bacs), CHAPS, Cheque and Credit Clearing Company, Faster Payments and LINK – have today published a new guide entitled, An Introduction to the UK’s Interbank Payment Schemes.

Bacs board appoints new independent director

A new independent director has been appointed to the board of Bacs Payment Schemes Ltd (Bacs), the company behind UK payments Direct Debit and Bacs Direct Credit, as well as the Current Account Switch Service (CASS), and the Cash Isa Transfer Service.

UK current account switching service sees modest growth

The latest figures for the Current Account Switch Service are published today (20 October), showing that 802,036 switches have taken place since January 2016, an increase of 3% compared to the same period in 2015.

Bacs sets new daily processing record

A record 109.3 million payments were processed in just one day last week by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit in the UK.

UK current account switching service hits third birthday

UK current account switching service hits third birthday

As it hits its third birthday, the UK's current account switching service (Cass) is set for a media blitz in order to boost take-up beyond the three and a quarter million switches it has facilitated in its first 36 months.

Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Please read our Privacy Policy.

Accept