Faster Payments vs BACS in Plain Language: Choosing the Rail for Wages, Suppliers and the Friday-Afternoon Payment
Most small businesses send money through their bank without thinking about which rail carries it, until a payment lands late. A faster payments vs BACS supplier wages timing choice is really a choice between two habits: one rail built for near-immediate, one-off payments, and one built for planned, batched runs. Match wages day, the supplier…