e B u s i n e s s S o l u t i o n s
D A T A I N T E R C H A N G E P L C
The Electronic Payments Solution For Your
What Is BACS?
The Bankers Automated Clearing Service (BACS) is one of the world's largest
automated clearing-houses. It is owned by the UK's largest banks and building societies
and operates under the umbrella of the Association for Payment Clearing Services.
BACS can perform funds transfer operations in both Sterling and Euros. These funds
transfers are used within your company for employee salaries and the payment of your
suppliers. Electronic funds transfers fall under the broad categories of direct credits
and direct debits.
BACS have implemented a communications infrastructure for automated payments
known as BACSTEL-IP. This incorporates the latest technologies to provide a solution
for the increasing demands of automated electronic payments.
BACSTEL-IP aims to offer high-level validation, reliable and efficient communications
and strong security. To achieve these aims BACS are utilising some of the latest
technologies, such as Smartcards and the Internet Protocol.
BACS.IP For Free
BACS.IP For Free is the BACS approved enterprise solution that is fully scalable to fit
your requirements. Regardless of the size of your company BACS.IP For Free is the
most comprehensive and cost effective solution available for your company.
BACS.IP For Free provides the link between your accounting or payroll package and
BACS. Payment files produced by your accounting package are translated into the
required Standard 18 format, signed using your Smartcard and then submitted to
The functionality and performance of BACS.IP For Free far exceeds the requirements
from BACS. Therefore we are offering the software for free, confident that you will be
more than satisfied and wish to continue using it after the first year. There is a
nominal annual license fee to continue using BACS.IP For Free.
“Simple Setup And Configuration”