News & Articles

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...

Common questions we are asked about providing Advance Notice of Direct Debit collections include the following. Do I have to provide Advance Notice in writing? Do I have to give 10 days Advance Notice? If I fail to collect the Direct Debit on time do I...

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...

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...

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...

From 13th January 2018, businesses and service providers cannot pass credit card fees (or debit card charges) on to their customers. If you’re worried about how this will impact on your business, why not consider the opportunities that direct debit...

It’s no secret that the Bacs scheme is underpinned by a complex set of rules. These are in place to maintain the integrity of the system. The rules keep the system running smoothly, benefiting service users and their customers, so staying compliant has to be a...

The John Lewis Christmas ad has aired… time to make sure you’re up to speed with the Christmas non-processing days so that your direct debits run smoothly over the festive period. It feels like the run up to Christmas starts earlier and earlier every year –...

With Direct Debit being a widely trusted payment method, customers are increasingly opting to use the scheme. For businesses keen to sign up new customers, knowing where to start and how the process of setting up direct debit works is key. To give you a more...

Rent. It’s tricky to pin down exactly how much is paid in rent every year in the UK, but with more and more people finding it difficult to afford to buy, the rental market is buoyant. That’s good news if you’re a landlord – but not if you’re faced with...

The popularity of Direct Debit has been on the rise since its inception in 1968 and recent statistics indicate that the trend shows no signs of abating. In the last 10 years the volume of Direct Debit transactions processed each year has increased from 2.9 million...

With the huge rise in the use of technology in all aspects of our lives, many people now make many payments over the telephone or online. With this constant exchange of sensitive information, it’s understandable that people have become increasingly concerned about...