ALBACS-IP® - Albany's BACSTEL-IP Software Solution

ALBACS-IP® has been awarded formal BACS Approved Software status for use with the new BACSTEL-IP service.

BACSTEL-IP® will replace the present BACSTEL service as the new internet-based way to make payment transactions (such as Direct Credit and Direct Debit), and to receive and send associated reports and information, using Internet Protocols in a secure environment. It will now be rolled out by the BACS Banks over the coming months.

Existing BACSTEL users will need upgrade to the new BACSTEL-IP® service by the end of 2005.

What is ALBACS-IP®?

ALBACS-IP® is the leading software solution for managing the payment and collection of funds electronically. It replaces the traditional paper-based methods of funds transfer (such as cheques, GIROS and cash), reducing both time and bank charges.

The product caters for a wide variety of applications:

	Payroll Monthly Salaries Weekly Wages Ad-hoc Expenses Bonus Payments		Direct Debit Insurance Premiums Membership Fees Utility Bill Collections Subscription Charges		Direct Credit Supplier Payments Dividends and Refunds Insurance Settlements PAYE Contributions Pensions

How Does ALBACS-IP® Work?

ALBACS-IP® collects the relevant information extracted from your accounting package and performs a series of validation and modulus checks before submitting the file directly to BACS® via BACSTEL-IP®. The funds are then simultaneously credited and debited between bank accounts with the relevant acknowledgments and receipts being fed back into ALBACS-IP® electronically.

New to BACS or an Existing User?

Whether you are new to BACS, an existing user of Albany Software, or indeed a user of an alternative BACS solution, there is a quick and easy route to the new technology - implementation, commissioning and training will typically take less than half a day.

Taking advantage of the BACS service with ALBACS-IP has never been easier...

Why Choose ALBACS-IP?

• Fast & Convenient
• Dramatically Reduces Bank Charges
• Eliminates Signing of Volume Cheques
• Saves Valuable Time & Money
• Advanced Industry Standard Internet Protocol for Submissions
• High Transmission Speeds
• State of the Art Security
• PKI & Smart Card Technology
• Fast Payment Confirmation & Online Reporting
• BACS Approved Software Service Accredited
• Competitively Priced

For an extensive list of ALBACS-IP's features, see the features page.

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.