AccessPay - Payment Automation Experts

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • “But we’ve always done it that way” – Part 2

    Direct Debit Best Practice – 5 Tips for Better Cash Flow If you’re using Direct Debit to collect payments, membership fees, charitable donations or any other contributions, you’ll no doubt be aware of the cash flow benefits of this ever-popular payment method. Direct Debit gives you the power of knowing exactly when and how you’re getting paid, helping you to plan and forecast cash flow for your o...

AccessPay - Payment Automation Experts

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Overhauling UK Payments by 2020 – Should you care?

    A Quick Overview of the Innovation in UK Payments Bacs, Direct Debit, Faster Payments, Chaps and Cheques In the UK today, we use various payments and collections systems to pay for goods and services incurred. As times change, and consumer and business needs evolve, payment systems once well suited to their function require innovation to ensure they continue to meet user requirements for years to ...

  • 2016 was a funny year, wasn’t it?

    Over the last twelve months we have witnessed many ebbs and flows, a few unexpected events and several twists in the tale. Even if you ignore Brexit and Trump (we can all try) and the aftermath that followed, 2016 was a mixed bag for the banking, payments and financial services ecosystem. A year we are certainly not going to forget in a hurry. Nevertheless, we’ve all made it through safe and sound...

  • Always have a “Plan B”

    Does your disaster recovery plan include contingency payments? When you find yourselves unable meet payroll and supplier payments, or collect direct debits, perhaps you’ll remember this blog post and think “I should have put a Plan B in place.” I know we’ve all heard it before – and, yes, I can hear you muttering the words – “we know this already” –, but let me say it again: Importance of disaster...

  • Timely advice from Bacs – plan ahead or yule be sorry!

    Christmas is almost upon us, but it’s not always a time of festive cheer between businesses and their customers – especially when it comes down to paying bills. A Happy Christmas for all? Customers have a different set of priorities around this time of the year. Many will be concentrating on buying presents and planning festivities, rather than paying a few troublesome bills that can surely wait u...

  • Making Direct Debit work for you – have your say!

    Direct Debit consultation closes TOMORROW, 9th December 2016 Bacs are currently undertaking a public consultation on Direct Debit to understand the challenges businesses and consumers face now and in the future. With a view to understanding which features are working and what changes could be brought in to enhance the service even further, it’s a great opportunity for businesses of all shapes and ...

  • One small step for security…

    One small step for security. One giant leap for protecting your business By today’s standard, the computer technology used to guide Neil Armstrong, Buzz Aldrin and Michael Collins to the moon and back is pretty archaic. Less powerful than any of today’s smartphone or mobile devices, the Apollo Guidance Computer (AGC) used on board the Apollo manned lunar programme in 1969, managed to steer the thr...

  • Putting a lock on your lock

    You can never be too careful when dealing with money online, especially when it comes to processing payments – that’s where two-factor authentication can help. Internet fraud, cyber threats, online scams, eCRIME – these are words that we are all too familiar with today. You can’t go a day without hearing about cyber-raids on bank accounts or reading about online scammers threatening to leak data u...

  • Simplicity Is The Key To Brilliance – Bruce Lee

    Actor, producer, film director, screenwriter and a kick-ass martial artist – Bruce Lee was a man of many talents, who also had a way with words. The San Francisco born martial artist-come-movie star, pretty much defined what we now know as the “Martial Arts Film” genre, and in doing so gained many fans – one of them being me. I may have been a tad young when I first came across those legendary act...

  • “Hey kid, thumb a hundred bucks will ya?”

    When Marty McFly was asked to donate $100 to save the Clock Tower by scanning his thumb on the Portable Thumb Unit, I was bowled over by the thought that such ludicrous technology may one day exist. That technology was Biometric Technology and it’s no longer just a Back to the Future II prophecy. When it comes to verifying and authenticating your identity, biometric tech is becoming the go to appr...

  • What do you need to automate Bacs and Faster Payments?

    In order to completely automate your Bacs Direct Debit, Direct Credit, or Faster Payments transactions, your business will require two critical elements: 1. A Bacs Service User Number and 2. Access to a HSM (Hardware Security Module) What is a Bacs Service User Number? A SUN (Service User Number, or sometimes referred to as an Originator ID) is a unique six-digit number which is used to identify t...

AccessPay - Payment Automation Experts

Category: Content
Type: Blog Article

Generated 4 months ago

New blog articles detected

  • What is a Direct Debit?

    Direct Debit is one of the most efficient, manageable and cost-effective payment methods an organisation can use to collect regular (or one-off) payments from customers. A Direct Debit Instruction gives a business the ability to collect funds from their customer’s bank accounts, providing their customer is notified of the amount and date prior to the sum being deducted. In order to receive funds, ...

  • “But we’ve always done it that way!”

    Direct Debit Best Practice – Improve Process Efficiency Could you reduce the cost of collecting monthly payments by up to 90%? Membership and subscription-based organisations could potentially save up to 90% by switching to a single monthly direct debit collection submission. Scenario: Faster Workout Gym has 200 active gym members. Faster Workout Gym collects monthly membership fees on a daily bas...

AccessPay - Payment Automation Experts

Category: Content
Type: Blog Article

Generated 5 months ago

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