Bacs Payment Schemes Limited (Bacs), formerly known as Bankers' Automated
Clearing Services, is the organisation with responsibility for the schemes behind
(Banking & Finance) Bankers' Automated Clearing System; a method of making
payments direct to a creditor's bank without using a cheque. Collins English ...
Bacs is an electronic system to make payments directly from one bank account to
another. They're mainly used for Direct Debits and direct credits from ...
Bacs is responsible for the schemes behind the clearing and settlement of UK
automated payment methods, Direct Debit and Bacs Direct Credit.
Nov 28, 2012 ... Definition of BACS. BACS stands for Bank Automated Credit System. Basically, it
is a way for customers to electronically pay bills and transfer ...
BACS meaning, definition, what is BACS: abbreviation for Bankers' Automated
Clearing System: an organization in the UK that deals…. Learn more.
Definition of “BACS” | The official Collins English Dictionary online.
Comprehensive and authoritative, rely on Collins for up-to-date English with
insights into ...
BACS Bank Automated Clearing System. A debit and credit system used to make
direct transfers to/from clients' accounts.
Looking for the definition of BACS? Find out what is the full meaning of BACS on
Abbreviations.com! The Web's largest and most authoritative acronyms and ...
Definition of Banks Automated Clearing System (BACS): UK's electronic-banking
system that, among other business-to-business transactions, allow automated ...