UK businesses are being urged to plan in advance to avoid missing crucial payments over the Christmas holidays.
Bacs Payment Schemes Ltd, the company behind Direct Debit and Direct Credit, is reminding businesses which routinely pay via an automated system, to make plans to ensure staff and suppliers who are normally paid at the end of the month don't miss out because of the non-processing days of over the festive period.
Councils are being urged to access millions of pounds in pain-free savings to help fill the hole left in local authority coffers by government budget cuts and all they need to do is change the way residents pay council tax.
Business transactions made via Direct Debit outstripped cheque payments for the first time in 2012, underpinning new research showing that SMEs overwhelmingly favour Direct Debit over alternative payment methods.
A nationwide campaig supported by Direct Debit processing bureau, Eazipay, has raised a huge £150,000 for charity, giving 120 deserving causes a welcome ‘Big Break’.
Charities across the UK can increase levels of giving and cut costs by taking advantage of Direct Debit, according to Bacs' charity sector specialist Graham Callaghan.
The advice comes at a time when new research from Bacs Payment Schemes Ltd, the organisation behind Direct Debit in the UK, shows that those donating by Direct Debit pledged more on average over the course of the last year - £181, equating to around £15 per month - than any of the other top six most popular methods.