Bottomline Adds BACS-Approved Modules to WebSeries
Following approval from BACS, the United Kingdom’s automated payment clearing service, Bottomline Technologies has launched its WebSeries bureau functionality and Hardware Security Modules (HSM). HSMs allow businesses to make transmissions to BACS without local smart card authorisation, which is particularly relevant to high-volume payers and collectors, according to Bottomline. High-volume users of BACS include the financial services sector, utilities, and public sector organisations, which, combined, collect over 80 per cent of the 2.4bn direct debit payments made each year in the UK. Bottomline’s WebSeries product has been approved to support four different HSM manufacturers: nCipher, Chrysalis, Eracom and Thales. The release and accreditation of the bureau module extends WebSeries’ use to commercial bureau environments and allows Bottomline to reach businesses that make payments indirectly to BACS through third parties, said the company.