What is Bacs? Complete Guide to Bacs Payments

What is Bacs? Complete Guide to Bacs Payments

What is Bacs? Complete Guide to Bacs Payments Bacs (or BACS) is an acronym that stands for Bankers’ Automated Clearing System. Put simply, it is a network of banks and building societies that are part of the Bacs payment services scheme and is a convenient means for...

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The History of Paper Money

The History of Paper Money

With the world increasingly moving to cashless and contactless payments, the use of paper money is dwindling fast. But how many of us have thought about how the use of paper money came into being in the first place? Here, we take a look at the history of paper money -...

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What are CHAPS payments?

What are CHAPS payments?

The Clearing House Automated Payment System (CHAPS) is one composed of more than 30 direct participants and over 5000 financial institutions. Here, we take a look at the history of CHAPS, who it is designed for and the benefits of one of the most popular high-value...

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