| 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:
- Per item or accumulative
- Credit or debit item
- Daily, weekly, four weekly or monthly
User Security
Ensures users can configure the software to meet their specific needs and support existing processes:
- Multi-level password protection
- Multi-level user access
- 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: - Input - Confirming validity of data entry
- Error - Detailing any faults in the data or transaction
- Reject - Full details of any rejected transactions
- Arrival - Notification of duplicate file sent
- 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. |
