Bacs software

Bacs (Bankers Automated Clearing Services) is a not-for-profit, membership based, industry body which, in 2008, processed more than 5.6 billion UK payments with a total value of £3.85 trillion GBP. It is responsible for the schemes behind the clearing and settlement of automated payments in the UK and also maintains the integrity of payment related services.

Bacs payments are a simple, cost-effective way to make payments directly from your bank account to another bank account. Payments take three working days to clear: they are entered into the system on the first day, processed on the second day, and cleared on the third day. This is the most popular way for suppliers and employees to be paid.

How we can help with your Bacs payments

Experian Payments UK Gateway is the most sophisticated and scaleable payment gateway software available. Easily integrated with any payment application, it is ideal for large organisations and bureaux and those with complex payment requirements or a mission-critical reliance on payments.

As well as supporting all the facilities of Bacstel-IP, Experian Payments UK Gateway can help you:

• minimise the risk associated with processing payments - fraud and human error - by validating payment files and bank account details, fully or partially automating the payments process and improving traceability
• reduce the administrative costs associated with payment administration through fewer manual processes, less paper usage and consolidation of multiple submission systems

Experian Payments UK Gateway is the Bacs payments software of choice for some of the largest and most innovative Bacs originators including BT, Aviva and Scottish Power. Independent research shows that it processes more transactions than any other Bacs approved software system and is the payment gateway banking software of choice.