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What would happen if you suddenly lost the ability to process your Bacs debit or credit payments?
This could happen for various reasons but the fallout of derailed payment processing would be the same – disgruntled customers, suppliers and employees.
Losing access to your Bacs processing software can lead to compromised data security too. Not to mention the time, effort and cost of getting everything back on track.
Contingency planning for your Bacs processing is particularly critical if you’re using an on-premise service or offering Bureau services to other business units or organisations.
Remember too that maintaining your Bacs Approved Bureau (BAB) status requires you to have robust business contingency plans in place.
Even if you’re using a cloud-based Bacs solution your process itself might still be at risk if it relies on outdated technology, for example if you’re using smartcards.
We have a suite of contingency services that integrate into your business processes, including:
There is a good chance that your business never has to make use of its contingency plans but it’s important to have an effective safety net in place, and to review this setup frequently.
Reviewing your contingency plan regularly ensures that it remains effective and up-to-date.
Changes in the business
Ensure your plan reflects any changes
in your business and remains
Stay compliant with Bacs
accreditation rules if
you’re a BAB.
Testing the plan
Test results flag any necessary changes
to ensure that your plan is effective
Lessen risk by removing
To discuss contingency options or review your current plans,
book a call with your Account Manager