BACS Payment Schemes Limited

43 results about this entity

Period: 12 Oct 2004 - 01 Mar 2019

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Direct debit fraud at an all-time high; Bacs challenges figures

Direct debit fraud at an all-time high; Bacs challenges figures

Over 97,000 Brits have fallen victim to criminals setting up fraudulent direct debits from their accounts, with this number set to escalate over the next three years, according to research from insurance outfit LV=.

OFT harries banks to improve account switching

OFT harries banks to improve account switching

The UK's Office of Fair Trading is working with payments processor Bacs on steps to improve account switching for consumers as part of a raft of measures designed to inject more competition into the market for current accounts.

Bacs glitch leaves 400,000 UK workers without pay

Bacs glitch leaves 400,000 UK workers without pay

Around 400,000 UK workers will not receive their monthly salary payments as expected today because of a glitch with the Bacs automated clearing system.

Danske Bank joins Bacs

Danske Bank joins Bacs

Danish Financial services group Danske Bank has become the first non-UK bank member of Bacs Payment Schemes, Britain's automated payments industry body.

Bacs ordered to open up to businesses and consumers

Bacs ordered to open up to businesses and consumers

The Office of Fair Trading is calling for changes to Bacs Payment Schemes (BPSL), the UK's automated payments industry body, to give consumers and businesses more say in governance and decision-making at the bank-owned utility.

Small businesses lagging in switch to Bacstel-IP

Small businesses lagging in switch to Bacstel-IP

Over a third (39%) of small businesses in the UK have yet to draw up plans to switch to the UK's Bacstel-IP payment network, despite the looming December migration deadline, according to research by clearing house Bacs.

Bacs rebrands as Voca

Bacs rebrands as Voca

Bacs Limited, the UK's automated clearing house, has changed its name to Voca. The move is designed to reinforce the 2003 re-structure of Bacs, which has seen it take a more commercial focus. Bacs Payment Schemes Limited remains as the UK's membership-based industry body for promoting and supporting the direct debit and direct payment schemes.

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