PLATINUM SPONSORFounded in 1968, Bacs is responsible for the schemes behind the clearing and settlement of automated payments in the UK including Direct Debit and Bacs Direct Credit, as well as the provision of managed services for third parties, such as the Cash ISA Transfer Service, and the development, management and subsequent ownership of the Current Account Switch Service. The Government acknowledges that the Bacs payment system is of critical importance to the UK financial system and has confirmed that it meets the recognition criteria set out in the Banking Act 2009. Since its inception, over 120 billion transactions have been debited or credited to British bank accounts via Bacs. And, in 2016, 6.22 billion UK payments were made this way with a total value of £4.8 trillion, including over 4 billion Direct Debits.
Discover Global Network
Founded in 2008 and headquartered in the heart of London’s FinTech scene, we excel in digital banking, prepaid and travel compensation, working with many of the world’s leading businesses and government organisations.Our cloud based platform, digital.VISION, is reforming the way banking and payments are delivered and we’re proud to be trusted by our customers to enable reliable and robust banking grade financial services every day. Our proprietary card.VISION, corp.VISION and bank.VISION solutions can be accessed via the web, mobile devices, ATM and in-branch. Active in Europe, North America and Africa, we continue to expand, both directly and in partnership with leading global organisations. In 2015, we processed in excess of £300 million worth of transactions internationally. We believe in journeying together and co-innovating, to strike a balance that harnesses possibility and realises a more connected future.
LAUNCH PARTY SPONSOR
Trustly UK Ltd