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Select a feature below for more details:
AUDDIS Compliance
Electronic set up of Direct Debits, eliminating the need for paper mandates
Advanced Limit Checking
A mechanism embedded into the software which mirrors the financial limit rules
established by your bank:
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Per item or accumulative
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Credit or debit item
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Daily, weekly, four weekly or monthly
User Security
Ensures users can configure the software to meet their specific needs and
support existing processes:
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Multi-level password protection
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Multi-level user access
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Encryption of all data held within the software
File Encryption*
This optional encryption facility is located between the accounting package and
ALBACS-IP, ensuring that data cannot be tampered with or viewed by unauthorised
personnel.
Payment Library*
This optional module allows users to store and process payments of a
single/ad-hoc nature e.g. expenses, Inland Revenue payments. Transactions can
also be processed where the accounting package is unable to hold full bank
information. Using a unique reference, the Payment Library will hold the
additional bank details needed and merge them with the source information to
produce a complete payment file.
Applications Wizard**
New applications can be added as organisational needs arise. The Wizard enables
users to easily create a new application without the need for Albany to send a
Consultant to site, providing total ownership of the solution.
No Hardware Requirement
With the exception of the Smart Card Reader and a modem, ALBACS-IP remains a
software only product using your existing hardware.
Unlimited Number of Transactions
There is no limit to the number of transactions that can be processed, allowing
users to manage all payments and collections as business needs dictate.
Seamless Integration
Albany boasts an extensive network of strategic business partnerships with all
of the UK's major accounting vendors, ensuring ALBACS-IP integrates with all
the primary accounting and payroll software packages on the market.
Multi Bank Solution
Linking directly to BACS, ALBACS-IP enables users to process payments and
collections for multiple originating accounts held with multiple UK banks
simultaneously.
Automated Communications Recovery
The ability to intelligently re-start transmissions at the point of failure in
the event of a break in the connection to BACS. Mandatory Features of
BACSTEL-IP Included within ALBACS-IP
Pre-submission Validation
Enables validation of sort codes and bank account numbers prior to submission to
BACS, helping to ensure successful processing of funds, significantly
minimising errors and failed submissions.
Euro Currency Support
Albany was the first BACS software supplier to process Euro credit payments
using the BACS Euro Service.
PKI and Smart Card Security
Employing state of the art security using Public Key Infrastructure (PKI) and
Smart Card technology, ALBACS-IP gives peace of mind during processing and
submission as well as non-repudiation protection for both the user and their
Bank. Smart Cards replace the former BACSAFE device for signing submissions.
Faster Payment Confirmation & Online
Reporting
A wide range of electronic reports can be downloaded within 4 hours of
processing. The advanced XML format enables simple integration into back-office
applications, avoiding time consuming and error-prone re-keying of data.
Reports available include:
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Input - Confirming validity of data entry
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Error - Detailing any faults in the data or transaction
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Reject - Full details of any rejected transactions
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Arrival - Notification of duplicate file sent
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Notifications - ADDACS, AUDDIS, AWACS, ARUCS and ARUDD reports
*Additional module required
**Direct Debit Applications require the Direct Debit Module
Need to know more? Fill in our information request form
and we'll send you the appropriate literature by first class post for a more
detailed understanding of BACSTEL-IP and how it can benefit your business.
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