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Record tumbles as Bacs sets new processing high

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An impressive 120,000 transactions in a single minute – that’s the new record set by Bacs, the organisation behind Direct Debit and Bacs Direct Credit in the UK. More than 111 million payments were processed in just one day at the end of June, outdistancing the previous high recorded just nine months earlier by 2.4 million. The news underlines the appeal of automated payments to UK businesses and consumers alike, and comes on the heels of a year of landmarks in 2016.

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