BACS

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Bank Automated Credit System

Also called BACS. An electronic system in the United Kingdom by which business-to-business transactions can be processed. That is, the BACS can transfer funds between banks in a more efficient fashion. Individual companies also use BACS to pay recurring bills. For example, they may use the system for large payments like dividends and wages/salaries for employees.

BACS (Bank Automated Credit System)

a money transmission system whereby a payer instructs their commercial bank to debit a specified sum of money from their account and transfer it to a named payee's bank account. This obviates the need for the payer to issue and post a cheque to the payee and for the payee then to bank it, thus saving on time and expense. Many employers now use BACs to pay their employees' monthly salaries, and many companies use the system to transfer dividend payments to shareholders.

BACS (Bank Automated Credit System)

a money transmission system whereby a payer instructs a COMMERCIAL BANK to debit a specified sum of money from his or her account and transfer it to a named payee's bank account. This obviates the need for the payer to issue and post a cheque to the payee and for the payee then to bank it, thus saving on time and expense. Many employers now use BACS to pay their employees’ monthly salaries, and many companies use the system to transfer dividend payments to shareholders.
References in periodicals archive ?
Bronchioloalveolar lavage and transbronchial biopsy in bronchoscopic examination were showed BAC cells and nonmucinous BAC.
However, I can only see a trillion dollar deposit base at BAC, as flight to quality acts like a magnet for a banking colossus unlike any other.
Despite these discrepancies between actual BAC and individual impairment thresholds, the legal, economic and measurement difficulties involved in establishing individual thresholds for impairment make it likely that drunk-driving laws will continue to focus on standard per se BAC limits.
Hughes Hubbard and Reed and Avila Rodriguez Hernandez Mena and Ferri, LLP (ARHMF) served as legal advisor to BAC Florida shareholders and BAC Florida, respectively.
The new batch will also be able to learn from the experience of the programme's first graduates, who are now working as full-time BAC team members."
Conclusion: BAC on mammography was found to be related to the 10-year fatal CVD risk as calculated by the SCORE risk score system.
Madam Daina Kusiwaa advised the to-be beneficiaries of the motor kings not to renege on any agreement between them and the BAC, as well as the Kwabre Rural Bank and Rural Enterprise Programme.
In a multivariable analysis, BAC presence and BAC score were significantly associated with CAC and CAP after adjustment for 10-year ASCVD risk.
BAC's National Operations Readiness and Airport Transfer (ORAT) platform is streamlining the airport's transition to the new terminal building, co-ordinating amongst multiple parties and ensuring all strategic readiness initiatives are implemented as planned.
26 series of 2018, directed regional directors, schools division superintendents, and all others concerned on the establishment of additional BACs in the regional and division level pursuant to Section 11 of the Implementing Rules and Regulations (IRR) of Republic Act 9184 also known as the Government Procurement Reform Act which states that "each procuring entity shall establish a single Bids and Awards Committee (BAC) to undertake the functions specified in Section 12 of the IRR in order to facilitate professionalization and harmonization of procedures and standards."
The Bhutan Accreditation Council (BAC) has accredited the College of Language and Culture Studies (CLCS), the College of Natural Resources (CNR), and Royal Institute of Management on Thursday.
Collaboration between Botswana Accountancy College (BAC) and the Local Enterprise Authority (LEA) aims to build capacity for entrepreneurial development at the national level.