Editors Note: Bottomline will be discussing the BACS
payments gateway and its relationship with Omikron in booth B129 at Sibos 2005 Conference and Exhibition, September 5-9, Bella Center, Copenhagen.
migration deadline is clearly driving the evolution of electronic payments, and our success to date is a testament to our strategy to provide customers with a simple, efficient path to compliance," said Peter Fortune, President of Bottomline Technologies Europe.
Assuming that both the cost of energy and regulatory pressure continue to grow, the success of BACS
solutions will be increasingly linked to their energy performance.
This new service for QuickBooks extends the benefits of BACS
to a broader segment of business users, seeking to replace traditional check or fax pay services with electronic payments.
David Sanderson, director, will lead this division reporting to the BACS
BACSTEL-IP is the UK's new technology platform which allows companies to send electronic payments directly to BACS
and receive reports from the Internet.
In September 2002 BACS
announced its technology renewal programme in order to meet the rapidly growing demand for its electronic payment services.
It was important to have our HSM solution released early, since high-volume BACS
payment submitters are on an accelerated program to upgrade to BACSTEL-IP by March 2005," said Peter Fortune, president of Bottomline Technologies Europe.
Research among BACS
customers has shown that three quarters of existing BACSTEL users would switch to BACSTEL-IP as soon they are able to," said Martin Wilson, NewBACS programme director.
Phil Naybour, managing director of Thales e-Security, commented: "We are delighted to have been chosen by BACS
for this critical UK infrastructure project.
The use of BACS
products and services has revolutionized the payments industry and enables more companies than ever to realise the benefits of making automated payments, including: cost effectiveness, reliability, convenience, ease of use.
31, 2001) on the individual transactions are as follows: BHN III: 30%, BHN IV: 26% and BACS