Faster Payments Module
All businesses can immediately benefit from making electronic payments in near real-time with Faster Payments
The UK Faster Payments Service enables payments to reach the recipient in a matter of hours. Make your payment file submission using our Faster Payments Module and the payments will reach the destination account almost in real time. Faster Payments enables you to send credits on the same day, but is cheaper than CHAPS.
There are many areas where the Faster Payments Service can enhance your business. Common applications will include:
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For Bureaus
Offering near immediate payment services.
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Payroll contingency
If for some unforeseen reason you fail to prepare your payroll in time for the 3-day payment cycle, rest assured knowing you have a contingency service in place.
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Immediate additional payroll payments
Such as expenses or payroll adjustments.
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Weekly payroll
Faster Payments provides precious additional days in the preparation of weekly payroll.
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Emergency payments
Such as immediate insurance payments.
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Loan advancements
Providing immediate funds on approval.
Access to the Faster Payments Service over Secure-IP is provided within Bacsactive-IP products as an additional module. Whether you are running standalone Bacsactive-IP Business or a fully automated Bacsactive-IP Enterprise HSM, you can add Faster Payments simply by adding the module.
Key Benefits of Faster Payments:
- Make emergency payments immediately with the minimum of fuss
- Have a contingency for your payroll
- Give yourself breathing room for the weekly payroll
- Pay suppliers immediately without resorting to procurement cards
- Provide extra latitude to payment processing deadlines
- Cheaper than CHAPS
Our Faster Payments module enables you to speed up your payments process like never before. Call us now on 0845 120 8050 or contact us online to book an installation.
learn more about bacsactive-ip modules
- Workflow Module
Customise Bacs submissions and reports to match your business process for a fully automated solution.
- Account Validation Module
Eliminate errors when preparing payment data by validating bank account details quickly and simply.
- Integrate Module
Increase revenue and improve customer service by adding Bacstel-IP functionality to your application.
- Direct Debit Module
Manage your collections more efficiently to save time and eliminate errors. Integrate with existing systems.
- Web Collect Module
Replace your slow, manual direct debit sign-up process with easy to use, company branded web screens.
- Faster Payments Module
All businesses can immediately benefit from making electronic payments in near real-time with Faster Payments
- Bureau Module
Enjoy efficiency savings and improve customer service by choosing secure, flexible Bacs Bureau software you can trust.
- Sage Module
Save time and eliminate errors by sending payment files to Bacs directly from Sage 50 Accounts. Simply plug-in and connect to Bacs in minutes.
- Remittance Module
Automatically generate and deliver remittance notifications from any format to simplify processes.
- HSM Module
Reliable and secure, the HSM offers fully automated, unattended Bacs transactions for large organisations.
- Bank Grade Module
A scaleable, secure and reliable Bacs service that you and your banking customers can trust.
- View All Modules
Case Study
Three Valleys PLC
Having looked at a number of providers we chose Accountis because they had the better understanding of our requirements, the best business plan and the best quote. The BACSactive-IP solution has proved highly successful. We have developed a good relationship with Accountis over the past four years and the support team has been excellent, really helpful. Read the Case Study
