What does BACS mean?
Definitions for BACS
bacs
This dictionary definitions page includes all the possible meanings, example usage and translations of the word BACS.
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Wikipedia
BACS
Bacs Payment Schemes Limited (Bacs), previously known as Bankers' Automated Clearing System, is responsible for the clearing and settlement of UK automated direct debit and Bacs Direct Credit and the provision of third-party services. Bacs became a subsidiary of Pay.UK (formerly known as New Payment System Operator (NPSO)) on 1 May 2018, and responsibility for direct debit, Bacs Direct Credit, the Current Account Switch Service, Cash ISA Transfer Service and the Industry Sort Code Directory was given to Pay.UK.More than 140 billion transactions have been debited or credited to British bank accounts via Bacs since its inception; in 2019, 6.5 billion UK payments, worth £5 trillion, were made. At the end of November 2019, the number of single-day transactions processed by Bacs reached a high of 124 million; a monthly record was set in August 2018, when 580 million payments were processed.
ChatGPT
BACS
BACS stands for Bankers Automated Clearing Services, which is a payment system in the United Kingdom that facilitates electronic funds transfers and direct debits. It enables the transfer of funds between bank accounts, allowing individuals, businesses, and organizations to make payments and receive money securely and efficiently. BACS is often used for payroll purposes, bill payments, and regular financial transactions.
Wikidata
BACS
Bacs Payment Schemes Limited is a United Kingdom scheme for the electronic processing of financial transactions. BACS direct debits and BACS direct credits are made using the BACS system. BACS payments take three working days to clear: they are entered into the system on the first day, processed on the second day, and cleared on the third day.
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BACS
What does BACS stand for? -- Explore the various meanings for the BACS acronym on the Abbreviations.com website.
Anagrams for BACS »
ABCs
ABCS
ABCS
ABCs
cabs
SABC
scab
cabs
SABC
scab
Numerology
Chaldean Numerology
The numerical value of BACS in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of BACS in Pythagorean Numerology is: 7
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"BACS." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/BACS>.
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