BACS (Bankers’ Automated Clearing System) Definition

BACS (Bankers’ Automated Clearing System)

Definition of what BACS (Bankers’ Automated Clearing System) stands for (in finance):

A payment system in the UK for processing electronic financial transactions, including direct debits and direct credits.

More Term Definitions

• Industry 4.0 (I4.0) Definition
• Chargeback Definition
• Rebundling Definition
• Electronic Trading Definition
• Web Application Definition