how does ALBACSip work?

ALBACSip initially acquires the relevant data extracted from your chosen accounts package and then performs a series of validation checks to ensure data accuracy. The file then needs to be authorised and signed by the relevant people, a process performed using Smart Cards and readers, offering extremely secure authentication of data.

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ALBACSip 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, acknowledgements and any error reports are automatically received by ALBACSip and can be easily re-integrated back into your chosen accounts solution.

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