Experian Payments Gateway Achieves Bacs Approval
Released
on: September 14, 2009, 4:45 am
Author: Experian
Payments
Industry: Financial
Experian,
the global information company, has announced that its payment
processing product, Experian Payments Gateway, has achieved approval
under the Faster Payments Approved Software Scheme, operated by
Bacs. As the first software to receive approval for unattended
use with Direct Corporate Access (DCA), it will enable users to
fully automate their Faster Payments and participate in the Barclays
launch of DCA to Faster Payments in September.
Originally
developed to enable payments originators to process Bacs
Payments, Experian Payments Gateway has been extended, tested
and approved for use with Smartcards and Hardware Security Modules
(HSM) in both attended and unattended modes. It supports Faster
Payments DCA via Secure-IP, the secure channel for corporates
to initiate Faster
Payments.
James
Hilliard, Senior Product Marketing Manager, Experian Payments,
said, "Many of our large customers use automated payments
systems to help increase efficiency and reduce their risk and
costs. Recognising their need to automate their Faster Payments
securely, we have worked closely with the Faster Payments Approved
Bacs
Software Scheme to ensure they are able to gain maximum benefit
from the new Faster Payments Service."
Gareth
Lodge, Regional Research Director, TowerGroup, said, "Automating
payments has always been a key priority for corporates as it has
multiple benefits, from cost reduction to improved risk management.
But in the current economic environment, it probably is even more
important than it has ever been, with working capital benefiting
in particular. And of course, the deeper that SEPA
Payments are integrated into the end-to-end process, the greater
the benefits."
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About
Experian
Experian is the leading global information services company, providing
data and analytical tools to clients in more than 65 countries.
The company helps businesses to manage credit risk, prevent fraud,
target marketing offers and automate decision making. Experian
also helps individuals to manage their credit relationships and
protect against identity theft.
Experian
plc is listed on the London Stock Exchange (EXPN) and is a constituent
of the FTSE 100 index. Total revenue for the year ended 31 March
2009 was $3.9 billion. Experian employs approximately 15,000 people
in 40 countries and has its corporate headquarters in Dublin,
Ireland, with operational headquarters in Nottingham, UK; Costa
Mesa, California; and São Paulo, Brazil.
Experian
Payments' platform-independent solutions help organisations control
costs, reduce risks and improve customer service through the minimisation
of payment errors. Experian Payments has over 1,000 customers
across all sectors of industry and commerce. Experian Payments
is a division of Experian.
Experian media contact:
Margo Galvin
Swift Park
Old Leicester Road
Rugby
CV21 1DZ
+44 (0) 1788 55 4800
www.experianpayments.com