Automated payments are integral to the UK financial system, the backbone of which are the Bacs Direct Credit and Direct Debit Schemes.
Considering moving to a direct Bacs solution but unsure what’s involved?
The solution has been widely adopted to pay benefits, wages and salaries, as well as supplier payments. On top of this, 9 out of 10 British adults have at least one Direct Debit commitment, and 73% of household bills are paid this way.
A Direct Bacs solution is the most efficient way of connecting to the Bacs network and offers a wealth of advantages for your business. Our handy Bacs 2 Basics guide breaks the process down into six easy steps to help you get started and reap the benefits of processing your payments and collections using Bacstel-IP.
There are more than 150,000 organisations in the UK using Bacs Direct Credit.
