Direct Debit is a fully automated payment type that moves money from one bank account to another on a recurring basis. This electronic transfer and collection of money through the banking system is run by Bacs in the UK and is closely regulated for security and fraud prevention.

A business can access the Direct Debit scheme either directly, by becoming a Direct Debit originator or indirectly, through a third-party specialist provider.

Latest News

Welcome To The Brand New FastPay Website!

The new FastPay website has landed and we are over the moon with the finished result! Consisting of an array of improvements and additional features, the new FastPay website, designed and developed by The Hatch, is sure to enhance the […]

FastPay is Now Cyber Essentials Certified

At FastPay, we are a BACS-approved bureau with all payments covered by the Direct Debit Guarantee. FastPay understands the importance of robust cyber security while managing your company’s payments. As part of FastPay’s ongoing security strategy, the team is pleased […]

Key Tax Year Dates for Small Business 2021/22

The UK 2021/22 tax year is upon us and small businesses need to be aware of upcoming important tax dates. No need to panic, at FastPay we want to help get you up to speed – giving you one less […]

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    Key Tax Year Dates for Small Business 2021/22
    2021-04-27T10:35:33+00:00
    Scott Sewards