The importance of contingency planning in payment processing

Server Down Contingency Planning

Contingency planning is essential for every business. Also referred to as business continuity planning, it ensures you’re prepared for unexpected events that could cause operational problems for your business, or even disable it completely.

How to improve your Bacs payment security in 7 steps

  With rising cyber threats and fraud, it becomes imperative for businesses to take pre-emptive actions to shield themselves and their customers from harm. In this blog, we delve into a variety of best practices designed to fortify payment security for Bacs processing.     1. Implement Multi-Factor Authentication (MFA)   Multi-Factor Authentication (MFA) stands… Continue reading How to improve your Bacs payment security in 7 steps

The case for automation in Finance and Payroll

  For any business that wants greater efficiency, accuracy, and cost-savings, using automation and workflows in everyday processes can unlock a range of benefits that go beyond just saving time and money. In this blog post, we’ll explore why businesses should embrace automation and workflows in their finance and payroll departments.     Efficiency that… Continue reading The case for automation in Finance and Payroll

How to use Direct Debits for incoming payments 

  Managing incoming payments effectively is crucial for business looking to maintain stable cashflow and ensure smooth operations. One of the most convenient and widely used methods for receiving regular payments is through Direct Debits. In this blog, we explore the benefits of Direct Debits for incoming payments and provide practical tips for managing them… Continue reading How to use Direct Debits for incoming payments 

The benefits of a smartcard-free payments process 

  In a fast-moving payments landscape, companies are constantly seeking more efficient and secure solutions for their payment.   Smartcards have their pros but are not so smart when it comes to processing Bacs payments. They can be vulnerable to physical attacks, such as tampering or cloning, which compromise their security and as they need… Continue reading The benefits of a smartcard-free payments process 

Beginner’s guide to starting with Bacs payments 

If you’re new to the world of Bacs payments, this beginner’s guide will provide you with a solid foundation to get started.      A refresh on what Bacs is   Bacs, which stands for Bankers’ Automated Clearing Services, is one of the most popular and widely used payment methods in the UK.   Bacs… Continue reading Beginner’s guide to starting with Bacs payments 

7 Benefits of finance departments moving to the cloud

Cloud computing has revolutionized the way businesses operate, streamlining processes and delivering innovation across many sectors. Finance departments, often seen as the backbone of an organization, are also embracing the cloud with open arms.       What is the cloud?    The term “cloud” relates to cloud computing – a way of offering different… Continue reading 7 Benefits of finance departments moving to the cloud

A guide to adding Bacs processing to your payroll service

Payroll service providers play a crucial role in ensuring accurate payroll payments.  In this blog, we explore the service and commercial benefits of making Bacs processing part of your outsourced payroll service, and how to implement it.    In-house v outsourced service Whether your payroll is handled by a dedicated in-house finance team, or outsourced… Continue reading A guide to adding Bacs processing to your payroll service

A guide to Bacs processing

  Is your business looking to start processing Bacs payments for the first time? This guide will answer the most common questions about Bacs and Bacs payments to help you kickstart your journey. Whether you’re a small, medium or large sized business, efficient Bacs payment processing is essential for a smooth cash flow.    In this… Continue reading A guide to Bacs processing

A Guide to choosing a Bacs software solution

As businesses evolve and technology advances, there may come a time when switching your Bacs software provider becomes necessary.     Begin by assessing your current Bacs software and identifying the pain points with your current solution. Consider factors such as functionality, customer support or security. This will help you define your requirements and ensure that… Continue reading A Guide to choosing a Bacs software solution