BACS


Also found in: Dictionary, Medical, Acronyms, Wikipedia.
Related to BACS: BCAS

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 ?
Conclusion: BAC on mammography was found to be related to the 10-year fatal CVD risk as calculated by the SCORE risk score system.
Briones said the chairperson and the vice chairperson "shall also be designated by the HOPE." Moreover, she noted that the vice chairperson shall be a regular member of the BAC. "For purposes of the IRR, the term permanent shall refer to a plantilla position within the procuring entity concerned," she added.
On May 14, 2013, the National Transportation Safety Board (NTSB), an independent federal agency dedicated to promoting transportation safety, issued a report recommending, among other measures, that states should lower the illegal BAC limit for driving from .08 to .05 g/dL.
In our study, our primary objective is to determine whether the blood alcohol concentration (BAC) in patients admitted to the hospital for in-car road accidents (ICRA) can alert emergency physicians about potential injury severity and survival and death outcomes in order to direct appropriate patient management and undertake carefully planned action in the diagnosis and treatment of these patients.
Bacs is a not-for-profit, membership-based industry body owned by 16 of the leading banks and building societies in the UK and Europe.
Pure BAC, strictly defined as a form of adenocarcinoma in which there is no stromal, vascular, or pleural invasion, is an uncommon tumor.
Bac 55 (1/4 1200 x 1000 pallet format)--Bac 75 (1/4 1200 x 800 pallet format)--Bac 130 (1/2 1200 x 800 pallet format)--Bac 160 (1/2 1200 x 800 pallet format)--Bac 420 (1200 x 800 pallet format).
Although rates for these incidences have been decreasing over the past several years, the decreases are predominantly in crash rates for those with blood alcohol concentration (BAC) levels between .01 and .07.
Yet, the BAC method identified vectors that can be used to separately analyze spiny neurons that project to the substantia nigra and the globus pallidus.
"BACS's message to customers is migrate to NewBACS now because it doesn't cost too much to do, is absolutely necessary and can't be avoided," says Mike Hutchison, BACTEL-IP migration manager at BACS.
A total of 91 people (average age 21.6 years) agreed to be interviewed and have their blood alcohol concentration (BAC) tested with a handheld breathalyzer.
Small and medium-sized businesses in the UK have the potential to save at least pounds 1 billion a year by fully embracing automated payments, says BACS, the automated clearing house responsible for direct debit and BACS direct credit.