Direct Debit businesses warned - Yule need to plan in advance
 

 

Direct Debit businesses warned - 'Yule need to plan in advance'

December 6, 2013 

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.

For example if staff are to be paid before Christmas 2013, perhaps on Christmas Eve, then the payment process has to begin on Friday 20th December to ensure that salaries are in employees bank accounts by 24th December.

If business owners are intending to pay staff or suppliers on New Year's Eve, then the transfer process has to begin on Friday 27th December at the latest.

Mike Hutchinson, head of marketing at Bacs, said: Automated payments are not processed on Bank Holidays and we are urging business owners and finance departments to make sure essential payments are not delayed over the Christmas and New Year periods.

To help businesses with their planning, Bacs has created a downloadable 2013 processing calendar which is available at:

http://www.bacs.co.uk/Bacs/Businesses/Resources/Pages/ProcessingCalendars.aspx

NOTES TO EDITORS

About Eazipay Ltd

  • Established in 2002 by local entrepreneurs Kathy and Ron Bradney, and their colleague, Luisa Grey, Eazipay Ltd has become one of the UK™s fastest growing Direct Debit processing companies.
  • Eazipay now provides regular Direct Debit services to over 1,000 companies in a wide range of market sectors throughout the UK, Europe and beyond.
  • In August 2013, Eazipay recorded its best ever month for Direct Debit collections when £28.1million worth of Direct Debits were processed on behalf of its clients.
  • Eazipay was awarded Affiliate™ status from Bacs, the governing body for Direct Debit processing in the UK payments industry. The company is now a member of an exclusive group of 38 other Bacs Affiliates, which includes representatives from some of the UK™s leading businesses, banks and building societies, as well as government organisations and banking technology providers.

For further press information, please contact:

Damion Clark at Real PR (Consultants) LLP. Tel: 01353 667934 or 07789 911314 Email:  damion@realpublicrelations.com">damion@realpublicrelations.com

Eazipay Limited are authorised and regulated by the Financial Conduct Authority, number 615816 under the Payment Services Regulations 2009 for the provision of payment services. www.fca.org.uk
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

© eazipay 2015 | sitemap

site by prussian blue + tIMC

cookie policy

our website uses cookies and similar technologies to help make this website better Read More

happy to accept?

 

 

Cookie Policy

Our Cookies Policy explains what cookies are, how we use cookies, how third-parties we may partner with may use cookies on the Service, your choices regarding cookies and further

What are cookies

Cookies are small pieces of text sent by your web browser by a website you visit. A cookie file is stored in your web browser and allows the Service or a third-party to recognize you and make your next visit easier and the Service more useful to you.

How Eazipay Ltd uses cookies

When you use and access the Service, we may place a number of cookies files in your web browser.

We use cookies for the following purposes: to enable certain functions of the Service, to provide analytics, to store your preferences, to enable advertisements delivery, including behavioural advertising.

We use both session and persistent cookies on the Service and we use different types of cookies to run the Service:
- Essential cookies. We may use essential cookies to authenticate users and prevent fraudulent use of user accounts.

For the full disclosure section, including all types of cookies, please click here.

Third-party cookies

In addition to our own cookies, we may also use various third-parties cookies to report usage statistics of the Service, deliver advertisements on and through the Service, and so on.

What are your choices regarding cookies

If you'd like to delete cookies or instruct your web browser to delete or refuse cookies, please visit the help pages of your web browser.

Please note, however, that if you delete cookies or refuse to accept them, you might not be able to use all of the features we offer, you may not be able to store your preferences, and some of our pages might not display properly.

More information about cookies

If you would like more information regarding Cookies please visit the below site:
ICO (Information Commissioner’s Office) - https://ico.org.uk/for-the-public/online/cookies/