Bacs joins new payment system operator

01 May 2018

This month, Bacs is set to become part of the New Payment System Operator (NPSO). It will be joined initially by Faster Payments and, later in the year, the Image Clearing Service, bringing these major retail payments under one consolidated roof.

The NPSO has been formed as a result of recommendations made by the Payment System Operator Delivery Group in 2017.

Bacs will continue to run as it always has, and it will be business as usual for their payments and services.