BACS (Bankersâ Automated Clearing System)
Definition of what BACS (Bankersâ 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
- Alternative Currency Definition
- Venture Client Definition
- App Store Definition
- Enterprise Resource Planning (ERP) Definition
- Value-Added Service (VAS) Definition