Retail Payments Landscape Briefing #2: Bacs Direct Debit and Direct Credit

By

Northey Point

Retail Payments Landscape Briefing #2: Bacs Direct Debit and Direct Credit

Getting to grips with the UK’s retail payments landscape can seem a complex and daunting task.

The ‘Retail Payments Landscape’ briefing from Mike Chambers at Northey Point describes the UK's retail payment instruments, outlines the eco-system that supports the operation of these systemically important payment systems, presents the actors and describes the UK's payments landscape.

The downloadable pre-recorded presentation briefing is delivered in 20 segments and is released on a fortnightly basis.

This is session #2 and unpacks the Bacs Direct Debit and Direct Credit schemes - amongst other things we'll describe the two ubiquitous Bacs schemes, the processing cycle, the world leading Direct Debit Guarantee, levels of participation and the ancillary services that make Bacs tick.