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BACS Approved Bureau
BACS Approved Bureaux allow smaller businesses or businesses that only make a small amount of Direct Credit and Direct Debit transactions or are unable to fulfil criteria for making direct submissions, to easily access Direct Debit and Direct Credit Services.
Over half of the UK’s organisations make Direct Debit and Direct Credit payment submissions through BACS approved bureaux.
BACS Approved Bureaux have to meet strict standards imposed by BACS. Regular on-site inspections ensure that standards are adhered to in 5 key areas:
1. Organisation and Financial Information
2. Physical Security
3. Computer Operations
4. Applications and systems support
5. BACS processing and operations
MidlandHR and BACS
Clients of MidlandHR are assured that we meet the highest standards imposed by BACS. Clients also gain the benefits of easy access to Direct Credit and Debit services. Taking advantage of such services can save time, reduce paperwork and improve control of payments and payment collection.
More information about BACS Approved Bureaux can be found at http://www.bacs.co.uk/BACS/Bureaux
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