In order to collect Direct Debits on the date intended it is vital to understand the Bacs 3-Day cycle and the timelines involved.
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Post Tagged with: "Bacs"
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.
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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.
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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?
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Direct Debit Telephone Sign-Up – yes or no?
In an era dominated by online convenience, offering direct debit sign-up over the telephone remains a relevant and valuable option for businesses. Read why
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The Convenience of Direct Debit vs Standing Orders
Direct Debit vs Standing Orders. The greater convenience, flexibility and control of Direct Debits for collecting organisations.
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Bacs and the New Payments Architecture
A high-level summary of developments with Bacs and the New Payments Architecture (NPA)
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Leveraging Direct Debit for Membership Retention
Retaining members can be challenging. Offering Direct Debit for payment renewal, can help improve member retention.
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Current Account Switching and ADDACs Reports
Pay.UK predict an increase in current account switching – and ADDACS reports will increase as a result. Are you ready? Read more.
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How long to keep Direct Debit Instructions
Answers to frequently asked questions about the Direct Debit instruction including, how long should you keep the Direct Debit Instruction and can it be stored electronically?
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Why you should link to a Bacs Approved Bureau
Using a Bacs approved bureau can ensure your Direct Debit collections run smoothly and efficiently. Find out why Service Users choose bureau.
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Bank Holidays: Planning your Bacs Processing in April & May
Ensure Direct Debits are collected on time over the upcoming Easter and May Bank Holidays with our helpful Bacs Processing overview.
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