<P> Bacs Payment Schemes Limited ( Bacs ) , formerly known as Bankers ' Automated Clearing Services , is the organisation with responsibility for the schemes behind the clearing and settlement of UK automated payment methods Direct Debit and Bacs Direct Credit , as well as the provision of managed services for third parties . These include the Cash ISA Transfer Service , Biller Update Service and the development , management and subsequent ownership of the Current Account Switch Service . </P>
<P> Bacs Payment Schemes Limited ( Bacs ) , formerly known as Bankers ' Automated Clearing Services , is the organisation with responsibility for the schemes behind the clearing and settlement of UK automated payment methods Direct Debit and Bacs Direct Credit , as well as the provision of managed services for third parties . These include the Cash ISA Transfer Service , Biller Update Service and the development , management and subsequent ownership of the Current Account Switch Service . </P>
what does bacs stand for in banking terms
what does bacs stand for in banking terms
Bacs Payment Schemes Limited ( Bacs ) , formerly known as Bankers ' Automated Clearing Services
Bacs Payment Schemes Limited ( Bacs ) , formerly known as Bankers ' Automated Clearing Services