We are in the second year of a five-year strategic plan designed to drive continued growth in payment items. We are achieving this growth through service enhancements and a re-engineering of our IT infrastructure to meet the changing needs of the industry. Payment volumes are one of the critical success factors of our business and we continue to set new processing milestones – e.g., Direct Debit and Direct Credit surpassed 2 billion and 1 billion payments respectively in 2000. We’ve taken significant steps to prepare BACS to meet the industry’s payment needs of the future. Our investment in new technology enables us to achieve our primary business goal.

Great relationships are built on trust – which is exactly what BACS has given us in choosing the BEA WebLogic Enterprise Platform to manage 3 to 5 billion transactions a year in one of the world’s largest automated transaction clearing houses.