More NewsBottomline Adds BACS-Approved Modules to WebSeries

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.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha