BACS & Direct Debit
ALBACS lets businesses effortlessly transfer funds electronically via BACS® - the Electronic Funds Transfer clearing house in the UK.
ALBACS replaces the traditional paper-based methods of payment and collection such as cheques, giros and cash, with fast and accurate transactions at the touch of a button, reducing both time and bank charges.
BACSTEL-IP uses smart-card and PKI technology for a first-to-market, IP-compliant solution offering all BACS users an even simpler way to pay and get paid, but over the web.
By combining a powerful application with functionality and flexibility, ALBACS will deliver many benefits, including:
- Dramatically reduced bank charges with savings of up to 80% over cash or cheque
- Saving valuable time and money - the need for signing volume cheques is eliminated
- An increase in the efficiency of any accounts department
- Fast, convenient and secure transactions
Asyst, with their partner Albany Software, provide a range of solutions including:
- payment solutions
The market leading 'ALBACS' portfolio covers all market segments, ensuring there is an ideal solution to meet your specific electronic funds transfer requirements - e-document distribution
Produce and distribute a wide range of business documents at the touch of a button, saving you time, money and resources - electronic data interchange (EDI)
Quickly and easily implement EDI capabilities, streamlining your communication processes and linking you to a wide variety of trading partners - collections management
Improve cash flow visibility and save time and money with the complete collection management solution for Direct Debits - account validation
Eliminate time-consuming and costly errors with fast, accurate validation of UK and European bank account and credit card details