BACS Payment Schemes Limited

43 results about this entity

Period: 12 Oct 2004 - 01 Mar 2019

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UK current account switching up 4% in H1

The latest figures for the Current Account Switch Service are published today (20 July), which show that over three million accounts have now been switched since the service launched in 2013.

Bacs champions gender equality

The government’s commitment to gender equality has been endorsed by one of the most significant organisations in the UK financial sector. Bacs Payment Schemes Limited (Bacs)– the company behind Direct Debit in the UK – has appointed its own Anne Pieckielon to take forward recommendations in the Treasury’s Women in Finance Charter.

Bacs posts new record for the number of payments processed in a single day

An impressive 103.7 million payments were processed in just one day in April by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit in the UK – a new record for the number of transactions in a single day.

Current Account Switch Service shows uptick

The success of the UK’s Current Account Switch Service was recognised by Economic Secretary to the Treasury, Harriett Baldwin today (Tuesday 19 April) as she welcomed new figures showing that March 2016 had seen the highest switching volumes since the service was launched almost three years ago.

Bacs claims growing awareness for struggling UK account switching service

Bacs claims growing awareness for struggling UK account switching service

A multi-million pound promotional blitz has boosted awareness of and confidence in the UK's struggling current account switching service (Cass), claims Bacs.

PFS works with Bacs to offer faster payment switching

Long-standing FinTech company, Prepaid Financial Services (PFS), a leading e-money issuer and provider of prepaid bank account solutions has today announced it is offering a Partial Account Switch Service that allows for the streamlined transfer of regular payment arrangements from an existing bank or building society account to a PFS-issued prepaid account.

UK consumers to get redress for mobile and online payments sent in error

Customers who make a mistake when sending a mobile, online or phone banking payment are set to benefit from improved help to recover the funds, thanks to changes to industry procedures announced today.

Automated payments at all-time high as Bacs breaks six billion barrier

2015 was yet another record breaking year for Bacs Payment Schemes Limited (Bacs).

HSBC glitch leaves thousands of customers without salaries

HSBC glitch leaves thousands of customers without salaries

An IT problem at HSBC has affected some 275,000 Bacs payments and left thousands of customers without their monthly salaries just before a bank holiday.

Bacs busts 100 million payments a day mark

A staggering 103 million payments were processed in just one day at the end of July by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit in the UK.

Bacs warns firms to prepare for new era of Internet security

The internet and internet security are moving on, and this could affect access to the service which is used for collecting Direct Debit or making Bacs Direct Credit payments.

Visa and MasterCard face scrutiny by new UK watchdog

Visa and MasterCard face scrutiny by new UK watchdog

The UK government is planning to put supervision of MasterCard and Visa alongside the country's main interbank payment systems into the hands of a new Payment Systems Regulator (PSR), whose chief remit is to inject more competition into the country's payments industry.

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