More NewsUK NewBACS Payment Infrastructure Supported by Valicert Software

UK NewBACS Payment Infrastructure Supported by Valicert Software

Validation Authority (VA) software developed by ValiCert is being used by banks to meet the security, reliability and performance standards of the NewBACS payment infrastructure introduced by BACS, the UK’s automated clearing house. As part of its efforts to continuously improve its service, reliability and efficiency, BACS is implementing NewBACS, a wide-ranging technology renewal program that uses Internet protocols and the latest PKI digital certificate technologies for the highest level of security. The NewBACS program is intended to meet the rapidly growing demand for even more efficient electronic payment services, in addition to salary payments and Direct Debit collections. The first step in NewBACS is the development of a new IP channel, BACSTEL-IP, which provides BACS customers with a secure and direct online access to BACS. Tim Lambertstock, Technology Strategy Manager at BACS, said: ‘We will be using Valicert VA ourselves as part of our reference implementation to test third party software solutions before they are approved for use by customers.’

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