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Reduce costs and errors in manual payments processes and achieve greater efficiency
In today's economic climate payments efficiency is an important factor in reducing costs and ensuring profitability. By maximising the efficiency of your payments systems we can help provide secure, Straight-Through-Processing of your payments to minimise risk, improve customer service and deliver significant cost savings.
Reduce rejections in payments processing
By ensuring that your payment data is correct and can be processed prior to submission, we can help you to reduce rejections and the time and cost associated with rectifying payment errors.
Bank Wizard - Improve Straight-Through-Processing by virtually eliminating errors in your UK and International payments data prior to submission.
Bank Wizard Absolute - Make the connection between your customer and their bank account details up-front to minimise payments failure and improve your Straight-Through-Processing rates.
Experian Payments UK and Global Gateway - Minimise the risk of human error in payments processing by automating your payments systems and improving traceability.
Data Conversion Service - Improve Straight-Through-Processing by validating and converting your existing customer and supplier bank account details to the correct format prior to submission.
Reduce paper checks and manual intervention
By automating your collections and payments processes we can help you negate the need for paper and manual verification measures that cause delay and increase customer churn.
Bank Wizard - Begin making collections earlier by validating your customer payments data up-front over the telephone or online.
Bank Wizard Absolute - Reduce fraud and negate the need for manual verification measures by making the connection between your customer and their bank account details up-front in near-real time.
Experian Payments UK and Global Gateway - Consolidate and automate multiple payments systems to significantly reduce paper processes and the risk of mistakes.
Data Conversion Service - Convert your existing customer and supplier bank account details to BIC and IBAN without using staff resource to write to them for updated details.
Increase the efficiency of your payment submissions
By virtually eliminating errors in your payments data and by consolidating all your back office payment submissions into one fast secure file, we can help you drive efficiency by submitting your mission critical, complex payments securely and cost effectively.
Bank Wizard - Improve the efficiency of your payments and increase Straight-Through-Processing by virtually eliminating errors in your UK and International payments data prior to submission.
Experian Payments UK and Global Gateway - Consolidate and automate multiple payments systems to significantly reduce costs and the risk of human error.
Faster Payments
We can help you increase efficiency by providing a single solution to manage both your Faster Payments and Bacstel-IP submissions. Faster Payments are irrevocable, so by eliminating transaction errors and confirming account ownership prior to submission, we can help you ensure your Faster Payments reach the intended recipient.
Bank Wizard - Eliminate transaction errors and manage customer expectations by ensuring that account details are correct and that the beneficiary account supports Faster Payments prior to submission.
Bank Wizard Absolute - Confirm ownership of the recipient bank account and identify where Faster Payments will fail due to account closure, non-existent accounts or deceased account owner.
Experian Payments UK Gateway - Manage your Bacstel-IP and Faster Payments traffic through one solution.
Know your customer
By making the connection between your customer and their bank account details in near real-time at the point of sign-up, we can help you comply with increasing regulatory requirements, legislation and best practice guidelines that can add to the complexity of acquiring new customers.