how does ALBACSenterprise work?

ALBACSenterprise works by initially acquiring the relevant data extracted from your chosen accounts package and then performing a series of validation checks to ensure data accuracy. ALBACSenterprise can be configured to deliver notifications to key individuals, reporting on progress at each stage of processing and informing users of 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 or Hardware Security Modules (HSMs), offering extremely secure data authentication. ALBACSenterprise then submits the file directly to Bacs via the Bacstel-IP delivery channel, which then simultaneously credits and debts funds between bank accounts by 9.30am on day 3 of the cycle.

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ALBACSenterprise then automatically downloads any Bacs notifications (including acknowledgements, receipts and any error reports) from the Bacs website and then delivers these to the specified individuals in either a readable format or as a raw data file.

Through the use of Hardware Security Modules (HSMs) and the built-in scheduler this entire submission process can be automated, completing funds transfers without the need for any manual intervention. ALBACSenterprise and the HSMs we recommend maintain extremely secure transmission and together greatly exceed the Bacs requirements for security protection of unattended submissions.

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