RECORD Money: Making Payments is Bacs' Real Forty

THE UK'S automated payments system, Bacs, has handled more than 68billion transactions since it was first launched 40 years ago.More than 5.5billion payments were made through the Bacs system during the past year - an average of 90 for every person in the UK, the group said.Three-quarters of adults now have at least one direct debit set up on their account, while 90 per cent of workers are paid through the Bacs direct credit system.....

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