Bankers Automated Clearing System

Bankers Automated Clearing System

Accounting dictionary. 2014.

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  • BACS — Bankers Automated Clearing System an electronic method of payment. HM Customs & Revenue Glossary * * * BACS BACS [bæks] noun [uncountable] BANKING ORGANIZATIONS Bankers Automated Clearing Services or System; an electronic system for making… …   Financial and business terms

  • BACS Payment Schemes Ltd — A company that provides an automated service for interbank payment clearing and settlements in the UK. It was established under the aegis of the Association for Payment Clearing Services as the Bankers Automated Clearing System in 1985. In 2003… …   Accounting dictionary

  • BACS — Abbreviation for Bankers Automated Clearing System. See Association for Payment Clearing Services …   Big dictionary of business and management

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