| 释义 |
DictionarySeeBACSBank Automated Credit System
Bank Automated Credit SystemAlso 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. |