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bacs
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The answer BACS has 0 possible clue(s) in existing crosswords.
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Definitions of bacs in various dictionaries:
BACS - Bacs Payment Schemes Limited (Bacs), previously known as Bankers' Automated Clearing Services, is the organisation with responsibility for the scheme...
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| Possible Dictionary Clues |
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| Plural form of bac. |
| abbreviation for Bankers' Automated Clearing System: an organization in the UK that deals with payments that are made between bank accounts: |
| Bacs description |
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| Bacs Payment Schemes Limited (Bacs), previously 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. Bacs became a subsidiary of the New Payment System Operator (NPSO) on 1 May 2018, and as as a result of this, overall responsibility for the operations of Direct Debit, Bacs Direct Credit, the Current Account Switch Service, Cash ISA Transfer Service and the Industry Sort Code Directory was handed over to the NPSO.More than 125 billion transactions have been debited or credited to British bank accounts via Bacs since its inception; in 2017, more than 6.34 billion UK payments were made this way, while a new record was also set in June 2017 with the number of transactions processed by Bacs in a single day reaching 111.7 million.[5] |