Title: AccessPay Bacs Services
1AccessPay Bacs Services
2Bacs Services
Introduction
AccessPay is proud to be Bacs Approved
AccessPay Bacs payment Solutions gives businesses
quick and easy access to all the payment and
debit capabilities of Bacs from one centralised
point. Organisations using AccessPays Bacs
Payment Solution will be able to process Direct
Debit and Direct Credit payments with ease, using
our 100 cloud-based software to integrate easily
with existing systems. But first lets take a
look in more detail at who Bacs are, and what
they do.
3Bacs Services
What is Bacs?
Bacs is a method of transferring funds or making
payments electronically without having to rely on
ineffective paper-based transaction between
banks. Bacs stands for Bankers Automated
Clearing Services. The company was formed in
1968, when a Mr Dennis Gladwell set up the
Inter-Bank Computer Bureau, which later became
Bacs. Everyday Bacs makes an incredible 97.6
million transfers. Theres no doubt - Bacs
continues to be at the forefront of payment
services and is a major part of the UK financial
system.
4Bacs Services
How Do I Register?
The registration process is easy, quick and
simple Contact Us. We invite you to
discover how quickly and easily you can automate,
validate and track regular payments.
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Type of Bacs Payment Service
- Bacs Direct Debit
- Bacs Direct Credit
6Bacs Services
Bacs Direct Debit
An instruction from a customer to their
respective bank or service provider to collect
varying amounts from their account. Around 80 of
the UK population now have at least one Direct
Debit. AccessPays Bacs Solution included a
Direct Debit Management Suite.
Bacs Direct Credit
A simple, secure and reliable service, which
empowers organisations both small and big to make
payments by electronic transfer process directly
to a bank. A recent report has shown that about
90 of the UK workforce is paid by Bacs Direct
Credit - even if a business needs to make bulk
payments, thats not a problem. AccessPay
provides you a Hardware Security Module (HSM)
which automates all the Bacs payments required to
make on time as it amends.
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The benefits of AccessPays Bacs Service
- There are number of great business benefits using
Bacs Services through AccessPay, including - Reduced cost No more charges associated with
late payments, loss and theft. - Improved cash flow- Electronic payments are an
extremely cost-effective and reliable method. - Expert advice- You can rely on the help and
advice from our Bacs experts. - Inaccuracies reduced Cut out human error with
data validation. - Increased security AccessPay provides
bank-grade security with secured sockets layer
(SSL) and public key cryptography (PKC) to
protect data transmitted.
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Conclusion..
At AccessPay, our expert staff are dedicated to
the payment needs of our clients, allowing them
to think less about payments (we take care of all
that!) and more on growing and improving their
business.
Connect with us..
9Thank YouAny Questions?
AccessPayCEC Winchester - Crawford
Place,259-269 Old Marylebone Rd,LondonNW1
5RA
Tel 44 (0) 203 282 7152 Email
info_at_accesspay.com Website www.accesspay.com