We've got 34 definitions for BACS »
What does BACS stand for?
What does BACS mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: BACS.
Term |
Definition |
Rating |
| BACS | Bankers' Automated Clearing Services Business » Banking -- and more... | |
| BACS | Bankers Automated Clearing Service | |
| BACS | Bankers Automated Credit Service | |
| BACS | Building Automation and Control System | |
| BACS | Bank Automated Clearing System | |
| BACS | Bank Automated Credit System | |
| BACS | British Association for Canadian Studies | |
| BACS | Bankers Automated Clearing Services | |
| BACS | Bankers Automated Clearing System | |
| BACS | British Association for Chinese Studies | |
| BACS | Berkeley's Animal Care Services | |
| BACS | Business and Community Shares | |
| BACS | Bay Area Community Services | |
| BACS | Bay Area Christian School | |
| BACS | Banks Automated Clearing System | |
| BACS | Berkeley Animal Care Services | |
| BACS | Building Access Control System | |
| BACS | Building Automation and Control Systems | |
| BACS | Business Archives Council of Scotland | |
| BACS | Bryn Athyn Church School Community » Churches -- and more... | |
| BACS | Business Administration Computing Services | |
| BACS | Business And Computer Science | |
| BACS | Boston Archdiocesan Choir School | |
| BACS | Bay Area Computer Solutions | |
| BACS | Bank Account Clearing System |
What does BACS mean?
- 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.
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"BACS." Abbreviations.com. STANDS4 LLC, 2023. Web. 9 Feb. 2023. <https://www.abbreviations.com/BACS>.
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