All banks and building societies that offer internet and telephone banking can accept payments of stamp duty and land tax. Thales e- security nominated bacs for the award which was presented at the savoy hotel on 12 march 2003. Offers a simple and speedy way to make and collect payments automatically. These services help customers reduce costs, improve automation and manage risk. Download bacs access and governance working group report pdf 416 kb. The ability to transfer money through the bacs system between bank accounts on behalf of other organisations safely and securely. Prepayment cards. Eagle consulting has invested in bacstel- ip to ensure that our clients reap the benefits of this new technology.

Bankers' automated clearing services was formed in 1971, having previously been known as the inter- bank computer bureau. In 1985 it shortened its name to bacs limited and expanded its membership to include building societies. If, exceptionally, they do not wish to have access, there would be no obligation to offer the new services.

Clearing house automated payments system. It gives you all the advantages of the bacs systems by enabling you to determine the precise timings of every payment. Contingency services to larger organisations. Download uk payment systems report pdf 641 kb. Use this 17- character reference number to make a combined paye and nics payment. For more information on bacs www. Bacs. Co. Uk.