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Cheat Sheet: Faster Payments Services
Cheat Sheet It's a big difference to the conventional Bankers Automated Clearing Services (Bacs) process, where payments can take up to three days to show up. While consumer FPS has so far been free, corporate FPS... [22 Sep 2008]
The McCue Interview: BACS' IT chief Nick Masterson-Jones
Comment Masterson-Jones' role is a very technology-focused one but he came to BACS after building up a background in banking, starting at JP Morgan after studying law at university. He has been there just over a year now and was... [14 Sep 2004]
Creating a Payments Service for the 21st Century
White Paper BACS Limited (previously known as Bankers Automated Clearing Service Limited) is one of the world's largest automated clearinghouses. To help BACS move its performance to new heights,... [02 Mar 2004]
Email money to anyone with a bank account
News Unlike other micropayment offerings, Egg Pay will work on the national bank clearing system BACS, so recipients will still have to wait three to four working days for payments to clear. According to the British... [22 Apr 2002]
UK banks clearing system in £75m overhaul
News BACS (Bankers Automated Clearing Service) will invest the money over the next five years in the four-part NewBACS strategy to upgrade its software and hardware, and to replace its out-of-date telecoms... [25 Feb 2002]
UK firms urged to adopt ebanking
News A report from the Bankers Automated Clearing System (Bacs) claims UK business is wasting as much as eight million working days a year by ignoring electronic methods of payment. Jeremy Asprey, product... [19 Oct 1998]
