Bacs: 6.5 billion transactions a year ... and counting

Newsletter 29 | 27 June 2020

Back in February I wrote about the grandfather of instant payment systems - Faster Payments: The world’s first 24*7*365 payment system and last week I covered all you needed to know about the Faster Payments scheme.

This week we take a look at Bacs and the push and pull retail payment schemes that Pay.UK operate under the Bacs banner - Direct Debit and D…