Businesses Need to know about Changes to BAC’s Internet Security in taking Payments

Bacs having responsibility for the clearing and settlement of UK auto payment methods such as Direct Debit and Bacs Direct Credit as well as the delivery services for 3rd party services such as Cash ISA Transfer Service and the development of the switch service. With more than 110 billion transactions have been debited or credited to British bank accounts via Bacs since 1968; in 2015, 6 billion UK payments were made this way, while a new record was also set in April 2016 with the number of transactions processed by Bacs in a single day exceeding 103 million for the first time

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