Decoding the 2022 changes to the Direct Credit and Direct Debit guides and rules: Plain English guide for Bacs originators

How will Bacs' annual changes to the scheme impact Bacs originators? While Bacs is typically pretty good at putting things in simple language, this year's changes summary that was recently distributed to Bacs originators may leave many organizations with questions. This Plain English guide for Bacs originators decodes the changes to the Direct Credit and Direct Debit guides and rules, and helps determine what action steps may need to be taken.