News & Articles

Read the latest news, articles and opinions about all the issues within the world of Direct Debit, Direct Credit and SEPA.

Category: Bacs

Changes to Bacs Direct Debit Rules: Are you up to date?

January 15 2019

Bacs issued a new version of the Direct Debit Rules in December 2018 (Version 5.2). These new Direct Debit Rules will take affect from this month. As a Direct Debit Service user, you have a responsibility to comply with the Direct Debit Rules. Are you? The key...

Direct Debit: Countering Credit & Debit Card Transaction Fees

November 30 2018

What payment methods do you accept from customers? Credit card? Debit card? If so, are the card transaction fees and costs of administering these transactions affecting your profit? Have you considered Direct Debit as an alternative? Consumer behaviour has...

AUDDIS Migration: When, Why and How?

November 11 2018

Over the years we have supported many Service Users undertaking AUDDIS Migrations. We have provided advice and guidance for some; full project management for others and have even been called in half-way through to rescue an AUDDIS Migration that have gone...

Modulus Checks & KYC Checks. What do I need to know?

October 09 2018

Is your organisation performing Modulus Checks and KYC checks? Do you know the scheme rules around them and why they are important?  Read on for more information….. Firstly, what are modulus checks and KYC checks? Modulus Checks Modulus checking is a...

The Direct Debit Top 10 Most Frequently Asked Questions:

August 03 2018

As one of a small number of Bacs Accredited Direct Debit training companies, and as a specialised Direct Debit Consultancy and Bureau service provider, we are regularly approached by organisations of all shapes and sizes to assist with their Direct Debit and/or...

Direct Debits collected early! What now?

June 15 2018

Over the last 10 years we have been asked – by organisations both large and small - what they should do if they have Direct Debits collected early.  It’s a tricky situation for any organisation to manage! Consideration needs to be given to how the situation has...

The Giving Generation: How Direct Debit has reformed donations and funding

April 16 2018

If you’re a charity reliant on donations then Direct Debit is the solution you might not even know you’re looking for… Offering easy ways to donate is a vital part of gaining and retaining donations wherever possible. In today’s financial market people...

Don’t Forget the changes you may need for Bacs Easter Processing Dates

March 15 2018

With Easter fast approaching make sure you’ve got your eggs in order so you've planned for Bacs Easter processing dates. Bacs processing works on a 3-day cycle – i.e. there are 3 days involved. These are known as the “Input Day”, “Processing Day” and...

Updates to the BACS Scheme Rules and Service User Guide

March 04 2018

The new Service User Guide and new Rules (SUGR) for the Direct Debit Scheme were issued by BACS in January 2018. BACS – Bankers Automated Clearing Services, has been in existence since 1968 when it was called the Inter Bank Computer Bureau. The name change to...

When to Submit your Direct Debit Files?

July 17 2017

Bacs publish a calendar every year which show their processing days and non-processing days. But how do you use it in the most efficient way. Bacs processing works on a fairly simple 3-day cycle - i.e. there are 3 days involved. These are known as the "Input...

Confidence in Direct Debit contributes to success of Current Account Switch Service

May 26 2017

Chances are, you will have seen the latest marketing campaigns run by the Current Account Switch Service (CASS), which is owned and managed by BACS. The availability of this ‘free to use’ scheme supports the banking population, both consumer and business, to...

What to do in a Direct Debit Emergency.

September 19 2016

Anyone who collects Direct Debits should have this information to hand in the rare event that they need it. That is just the trouble - we assume everything is ok until suddenly it isn’t. I was prompted to write this as today is the day that organisations...