Direct
Credit Company Information
About
The Direct Credit Company
In
an increasingly competitive business climate, where technology is
one of the main driving forces of change, efficient and secure payment
processes are critical factors in success.
BACS
Payment Schemes is at the forefront of extending consumer and business
use of automated payments and is poised to support future needs.
Online banking, online trading and the Government are all major
drivers of change - factors that make for a dynamic marketplace
for BACS Payment Schemes.
For
over 30 years, BACS Payment Schemes has been at the heart of the
payments industry, providing world leading electronic payment services
that deliver greater efficiency and economy to banks and businesses
- and increased convenience and 'peace of mind' to tens of millions
of consumers.
Today,
BACS Payment Schemes is one of the world's leading and most successful
organisations providing electronic funds transfer. Owned by the
major UK clearing banks and building societies, BACS Payment Schemes
operates under the umbrella of the Association for Payment Clearing
Services (APACS).
BACS
Payment Schemes has revolutionised the automated payments industry,
and now enables around 50,000 UK businesses of all types, including
all of the FTSE 100, to realise the benefits of automated payments.
This all adds up to a unique service delivering efficient, reliable,
secure and customer focused services to organisations.
Currently
BACS Payment Schemes processes over 3.7 billion financial transactions
a year and handles almost 60 million payments on a peak day. These
include Direct Debits, Direct Credits, Standing Orders and other
inter-bank payments.
The
success of BACS Payment Schemes is based on its ability to exploit
technology for the benefit of banks, businesses and consumers. BACS
Payment Schemes flexible and proven telecommunications systems enable
businesses to process their payments through a conventional telephone
line or ISDN line.
Marketing
Department
BACS Payment Schemes
Livington
House
12
Finsbury Square
London
EC2A 1AS
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