Experian Payments Gateway
Experian Payments Gateway is the UK's leading Bacstel-IP solution used by the majority of the top Bacs Users by transactional volume and is the Bacs software of choice for some of the largest and most innovative Bacs originators including BT, Aviva and Scottish Power. It enables you to securely manage and control all of your UK payments and collections.
Experian Payments Gateway can help you reduce your working capital risk, reduce administrative costs and remove paper from your payments processes. The advanced reporting functions also give you greater visibility as well as vital tracking and auditing of all of your payments. Additional functionality includes an automated payment advice message delivered through multiple channels, including SMS text message, email and automated disaster recovery which reinstates your payment systems with the least possible disruption in the event of a catastrophe.
Experian Payments Gateway integrates seamlessly into your back office systems and can be tailored to your organisation's needs. Highly configurable, Experian Payments Gateway allows you to segregate user roles and authentication to help increase efficiency and minimise human error and internal fraud.
Experian Payments Gateway supports Direct Corporate Access, allowing you to improve customer service and company cash flow by making same-day payments.
Experian Payments Gateway also supports Faster Payments. The Faster Payments Service gives payment institutions cost effective D+1 compliance.
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Bacstel-IP
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Faster Payments
Direct Corporate Access -
Management Information
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Payments Advice
Module
Experian Payments Gateway is fully approved by Bacs and is the UK's leading Bacstel-IP software.
Experian Payments Gateway automatically reformats payment files from your back office systems into the required format for submission to Bacs. Using Bank Wizard technology it then validates the information prior to submission, significantly exceeding the minimum Bacstel-IP submission rules and virtually eliminating rejections.
Using secure file authorisation, encryption and transmission through an Hardware Security Module (HSM) loaded with digital signatures or Smartcard, Experian Payments Gateway offers unrivalled security. This can be further enhanced through the use of biometric finger-scan devices when login in or authorising files.
Experian Payments Gateway gives you direct access to the new Faster Payments Direct Corporate Access (DCA) Service, which will enable you to send same day UK payments in near real-time at a lower cost than CHAPS.
Where working capital management is vital to your organisation, the Faster Payments DCA Service enables payments to be made on the actual due date. Faster Payments can also help you deliver improved customer service and gain advantage over your competitors when making customer refunds, loan transfers or benefit payments.
As Faster Payments are irrevocable however, confirming that the beneficiary account is valid and can accept a Faster Payment is critical to providing a successful service. Experian Payments Gateway confirms the validity of account details and enables you to identify where a Faster Payment can be made. Using Bank Wizard Absolute, you can also verify that the recipient is correct, preventing possible payment fraud.
Learn more about Faster Payments
Download the Faster Payments Guide for Corporates
The Management Information module for Experian Payments Gateway provides a data warehousing capability and customisable reporting facilities enabling you to obtain the information you want, when you want it and in the format you require. It can help you consolidate your payments information, make more informed payment decisions, improve your cashflow and working capital and enhance your customer service.
Experian Payments Gateway provides extensive payments information and reporting across your entire organisation. By incorporating standard reporting features, you can reduce the cost and time associated with obtaining ad-hoc reports whilst ensuring that your organisation meets audit and compliance requirements.
The Payments Advice module of Experian Payments Gateway allows you to send automated advice messages to your payments beneficiaries. There is a choice of channels - post, fax, email and SMS Text message - which you can use in any combination to let beneficiaries know when payment is due. By automating the payments advice process, you can save time and costs while improving customer service
Experian Payments Gateway uses Bank Wizard technology to validate payment information prior to submission. This ensures you avoid sending payment advice messages linked to a rejected payment.
