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Safer, quicker and cheaper Bacs submissions

Safer, quicker and cheaper Bacs submissions

Until now, scheduling Bacs submissions has meant one of two things; a significant investment in the purchase and installation of a hardware security module (HSM), or ensuring staff are available to sign and submit files at the appropriate times. Alternatively, you...

Rule changes to Direct Debits & Bacs Direct Credit

Rule changes to Direct Debits & Bacs Direct Credit

Important changes to Direct Debit and Bacs Direct Credit rules will come into effect from 1 January 2024. You need to be aware of these changes which you must follow as part of your adherence when using the Bacs Payment System. A summary of the main changes is...

Top Tips to Reduce Direct Debit Indemnity Claims

Top Tips to Reduce Direct Debit Indemnity Claims

Reducing Direct Debit indemnity claims (DDICs) should be a priority for organisations. Bacs have identified a few best practice tips that, when applied in conjunction with the DDIC challenge process, may help your organisation reduce claims: 1. Use a robust...

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