Bacs approves Experian Payments Gateway as first business software for fully-automated Faster Payments
7th September 2009
Experian®, the global information company, today 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 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 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.
For more information, visit http://www.experianplc.com
About Experian Payments
Experian Payments develops global strategic payment software solutions and services to meet the requirements of the world’s leading banks and corporate organisations. Focussing on the specific challenges of data validation and payment processing, 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.
Visit Experian Payments at www.experianpayments.com