BACS

Bank Automated Credit System

Also called BACS. An electronic system in the United Kingdom by which business-to-business transactions can be processed. That is, the BACS can transfer funds between banks in a more efficient fashion. Individual companies also use BACS to pay recurring bills. For example, they may use the system for large payments like dividends and wages/salaries for employees.

BACS (Bank Automated Credit System)

a money transmission system whereby a payer instructs their commercial bank to debit a specified sum of money from their account and transfer it to a named payee's bank account. This obviates the need for the payer to issue and post a cheque to the payee and for the payee then to bank it, thus saving on time and expense. Many employers now use BACs to pay their employees' monthly salaries, and many companies use the system to transfer dividend payments to shareholders.

BACS (Bank Automated Credit System)

a money transmission system whereby a payer instructs a COMMERCIAL BANK to debit a specified sum of money from his or her account and transfer it to a named payee's bank account. This obviates the need for the payer to issue and post a cheque to the payee and for the payee then to bank it, thus saving on time and expense. Many employers now use BACS to pay their employees’ monthly salaries, and many companies use the system to transfer dividend payments to shareholders.

BACS

Acronym	Definition
BACS➣Business and Computer Science (various schools)
BACS➣Broadcom Advanced Control Suite (software)
BACS➣Biological and Chemical Sciences (various schools)
BACS➣Bankers Automatic Clearing System
BACS➣Bankers Automated Clearing System
BACS➣Banks Automated Clearing System
BACS➣British Association for Canadian Studies
BACS➣British Association for Chemical Specialities
BACS➣Building Automation and Control System
BACS➣Bachman's Sparrow (bird species)
BACS➣Business and Communication Systems
BACS➣Boston Archdiocesan Choir School (Boston, MA)
BACS➣Bachelor of Arts Community Studies
BACS➣Bachelor of Arts in Computer Science
BACS➣Bachelor of Administrative and Commercial Studies
BACS➣Brief Assessment of Cognition in Schizophrenia
BACS➣Board Approved Clinical Supervisor
BACS➣British Association of Chinese Studies
BACS➣Body Axis Coordinate System (NASA)
BACS➣Business Analysis and Communication Systems
BACS➣Backward Adaptive Coding Structure
BACS➣Blind Adaptive Channel Shortening Equalizer