Bank Holidays affect when you submit files to Bacs and when payments are made. Plan ahead to avoid early or late Direct Debit collections
Read More
Post Tagged with: "Bacs"
Direct Debit and ‘No Instruction’ Failures
Understanding why you receive ‘No Instruction’ failures following Direct Debit submissions will help you take the most appropriate next steps. Read why this error occurs and what your response should be.
Read More
Paperless Direct Debit sign-up methods and considerations
Paperless Direct Debit Sign-up offers advantages vs paper DDIs but which is best – internet, telephone, electronic signature or others?
Read More
Why Planning your Bacs Submissions Over Easter is so Important!
Avoid Direct Debit errors such as collecting early or late by carefully planning your Bacs submissions over easter.
Read More
Direct Debit Indemnity Claim Challenges. A streamlined process
From Monday 4th March 2024, Service Users wishing to raise a Direct Debit Indemnity Claim Challenge can do so via Payment Services Website. Read more
Read More
The Direct Debit Guarantee. The most powerful protection for payers?
The Direct Debit Guarantee is a powerful protection for payers that ensures they are entitled to a refund if any errors are made. But who offers the Guarantee, how much does it cover and how long does it last? Read more
Read More
Direct Debit Advance Notice and Bacs Scheme Rules
The Direct Debit Advance Notice is one of the Cornerstones of the Direct Debit Scheme and a key aspect of payer protection. Is your organisation compliant with the rules? Read more
Read More
Payment Services Website & Bacs Payment Schemes
The Payment Services Website is a useful resource for organisations using Bacs payment schemes. It allows contacts to view Bacs Submissions, access Bacs Reports and maintain contact details. Read more.
Read More
How long does a Direct Debit take? Understanding the Bacs 3-Day Cycle
In order to collect Direct Debits on the date intended it is vital to understand the Bacs 3-Day cycle and the timelines involved.
Read More
Top Tips: Planning Bacs Submissions over Christmas
Get Ahead! Top Tips for planning your Bacs Submissions over Christmas to ensure successful, smooth and error-free Bacs processing.
Read More
Refer to Payer & other common Direct Debit ARUDD failures
If Direct Debit collections fail, Bacs will tell you why via the ARUDD report. Reason Code 0 – Refer to Payer – is most common. Read more about what it means.
Read More
Direct Credit vs Faster Payments for Supplier Payments
Both Bacs Direct Credit and Faster Payments offer advantages when making Supplier Payments so which should you use?
Read More