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Official Payments Corporation is a licensed money transmitter in 44 states, the District of Columbia, and Puerto Rico. Official Payments is not required to be licensed as a money transmitter in Indiana, Massachusetts, Montana, New Mexico, South Carolina or Wisconsin.
Although you may have heard the expression âto make a Bacs paymentâ, Bacs is actually the central payment system used to process several different types of electronic payment. The vast majority of Bacs payments are Direct Debits or Direct Credits (used by companies to pay individuals salaries, pensions, state benefits and tax credits). Skip to main content Pay Your Way is now integrated into UK Finance (with the exception of the Design and Delivery and Standards teams). From 1 July 2017, the finance and banking industry operating in the UK is represented by a new trade association, UK Finance. It represents around 300 firms in the UK providing credit, banking, markets and payment-related services.