Tag: Banking Law
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Direct Debit
Direct debits are one way to manage your regular bill and debt payments A direct debit is a single order paying method, or instruction from a customer Direct Debit A payment of an agreed amount collected from a customer’s Bank / Building Society account by an Originator on request. The […]
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Bacs
Bacs Service The Bankers Automated Clearings System (Bacs) is a service owned by Bacs Payment Schemes Limited and operated by Voca Limited enabling companies to make payments and debits within the UK. In other words, the Bacs service is a computer system which sorts automated payment […]