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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