The Greener Way for Business to Pay
Ever wondered what the carbon footprint of the humble cheque is? Michael Chambers, managing director of Bacs Payment Schemes Limited (Bacs) – the not-for-profit banking industry body behind the UK's leading automated payment methods – has, and in this exclusive article for Eco Executive, reveals why paying your bills automatically can have a positive environmental effect. Businesses in Great Britain have been using automated payment methods like Bacs Direct Credit and Direct Debit for four decades. And for many companies – large and small – the financial benefits of paying this way for a variety of commitments like business rates, staff wages and leasing arrangements, have always been clear: improved cash flow, greater convenience, reduced administration, bills paid on time and improved supplier relations
