BACSTEL-IP
Secure online access to all the benefits of BACS
BACSTEL-IP is a highly secure and convenient way to use BACS services over the Internet. Over 100,000 UK businesses, many of them sponsored by us, use BACS services to send direct credit, Direct Debit and Direct Debit instructions.
The key benefits
- Electronic reporting saves your company time, money and administration – reports can be printed locally or the data transferred directly into your ERP or accounting packages.
- Fast payment confirmation with same-day error resolution and online payment progress monitoring.
- High levels of security at all times, with Public Key Infrastructure and encrypted transmission using 128k secure socket layer security.
Features and benefits
- Smartcards and readers or hardware security modules for highly secure data protection.
- You set permission and access levels for individual staff members.
- Software automatically checks validity of payment data – saving time by reducing rejections and referrals.
- Full support for both direct and indirect submitters.