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Abbreviations

Below you will find the list of abbreviations and terms used in describing the BACS operator module.

Abbreviation Definition
DDI Direct Debit Instruction
BACS Bacs Payment Schemes Limited, formerly known as Bankers' Automated Clearing System
DD Direct Debit
Service User User of a BACS service, e.g. a Direct Debit originator.
DDO

Direct Debit Originator

VocaLink BACS operator

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Published on :
Monday, May 27, 2024 12:24:31 PM IST