Plan ahead with Direct Debit to avoid Easter payment delays
March 21, 2014
Businesses across the country are being reminded to plan ahead if they are to avoid missing important payment dates over the Easter period.
Bacs Payment Schemes Ltd (Bacs), the company behind Bacs Direct Debit and Direct Credit is urging businesses, which normally make or collect payments using these methods, not to overlook non processing days over the Easter Bank Holiday.
The Easter weekend means that automated payments to customers, suppliers and staff will have to begin a few days earlier than usual if payment obligations are to be met on time.
For example, if a payment or a collection is meant to happen on Thursday 17th April, then the latest date the transaction file can be submitted is Tuesday 15th April.
To help businesses meet their obligations over all the Bank Holidays for the rest of the year, Bacs has created a downloadable 2014 processing calendar which is available from: http://www.bacs.co.uk/Bacs/Businesses/Resources/Pages/ProcessingCalendar.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.