how does ALBACScs work?

ALBACScs works by initially acquiring the relevant data extracted from your accounts package and then performing a series of validation checks to ensure data accuracy. ALBACScs can be configured to deliver pre-submission notifications to key individuals, reporting on progress at each stage of processing and informing users about the next actions required. The authorisation of payment or collection files is then performed, followed by the signing stage, completed using digital certificates via Smart Card readers.

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ALBACScs submits the file directly to Bacs via the Bacstel-IP delivery channel, allowing the funds to be simultaneously credited and debited between bank accounts by 9.30am on day 3 of the cycle. Bacs notifications (including acknowledgments, receipts and any error reports) are then automatically generated and downloaded from the Bacs website. ALBACScs then delivers these, in either a readable format or as a raw data file, to the relevant individuals.

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