AccessPayBacs Services

Bacs Services

AccessPay is proud to be Bacs Approved

Bacs payment Solutions gives businesses quick and easy access to all the payment and debit capabilities of Bacs from one centralised point.

Organisations using 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 – let’s take a look in more detail at who Bacs are, and what they do…….

Introduction

Bacs 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 Banker’s 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. There’s no doubt - Bacs continues to be at the forefront of payment services and is a major part of the UK financial system.

Bacs 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.

Bacs Services

Type of Bacs Payment Service:

Bacs Direct Debit

Bacs Direct Credit

Bacs 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.

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, that’s 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.

Bacs Services

The benefits of AccessPay’s Bacs Service

There are number of great business benefits using Bacs Services, 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.

Bacs Services

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……..

AccessPayCEC Winchester - Crawford Place,259-269 Old Marylebone Rd,LondonNW1 5RA

Thank YouAny Questions?

Tel: +44 (0) 203 282 7152Email: info@accesspay.com

Website: www.accesspay.com