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Are you compliant with Bacs?

If you process Direct Debits, it is important that you know the scheme Guide and Rules to make you’re compliant with Bacs. One of the key aspects of using this service, is the speed in which Service Users become aware that payers…

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Bacs 50th Anniversary Statistics

As Bacs celebrates its 50th Anniversary this month, they share some key statistics processing direct debits and direct credits over half a century! Bacs 50th anniversary statistics Bacs launched in April 1968, known originally as the Inter Bank Computer Bureau Direct…

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Half a century of Bacs Payments!

A household name that launched before man walked on the moon, when mobile communicators only existed on sci-fi shows, and as Apple’s Steve Jobs was just entering his teens, marks its 50th anniversary this month. Bacs Payment Schemes Limited (Bacs), the…

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Preparing for GDPR

Following on from our last GDPR update in January, with the looming May deadline, we wanted to give you more information on how we’re preparing for GDPR. From 25 May, residents in the EU will have greater say over what, how, why,…

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Bacs Easter Processing Dates 2018

With Easter dates changing each year, its sometimes hard to keep track of when those extra bank holidays fall! When processing your Direct Debits or Direct Credits, it’s vital you plan for the extra non-processing days over Easter. Bacs has sent a helpful…

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Make sure your business continuity plan is in place

As organisations across the UK brace themselves for the snow and ice, make sure yours isn’t one that gets caught out because staff can’t make it into work. With the snow already falling, protecting your operations from uncertainty is vital…

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What is ARUDD Unpaid Direct Debit – Reason Code 1

ARUDD stands for Automated Return of Unpaid Direct Debit and gives details on why any Direct Debits are returned unpaid. Unpaid Direct Debit Reason Code 1 (or a’F21′), means ‘Instruction Cancelled’. What does this actually mean? The Direct Debit Instruction…

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What is ARUDD Unpaid Direct Debit – Reason Code 0?

ARUDD (Automated Return of Unpaid Direct Debit) reports provide information on why any Direct Debits are returned unpaid. If you see ARUDD Unpaid Direct Debit Reason Code 0 (or ‘F20′), this means ‘Refer to Payer’. What does this actually mean? The payer’s…

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2017 is a record breaking year for Direct Debit volumes

If you’re unsure whether to introduce Direct Debits over another other payment method, then the latest figures released by Bacs this month should remove any doubt over the security and integrity of Direct Debit payments. Last year, Bacs passed a huge £1.3 trillion in…

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Bacs processing dates for Christmas 2017

With just under a month to go until Christmas and thoughts about presents and turkeys, don’t forget to think about Bacs processing dates over the festive period, and make sure you submit your files as early as you can! Payment arrival…

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We researched the market to ensure we chose the correct partner to service our needs. Rapidata scored 10/10 for systems, processes, knowledge, IT support, cost, and account management, and these are just a handful of reasons why we chose them.

Stuart Bensusan, Director, Surewise.com