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ALBACS superseded by Albany ePAY
ALBACS
is Bacs payments software that enables easy, cost-effective and
secure Electronic Fund Transfers (EFTs). In 2009, ALBACS was
superseded by Albany ePAY.
Albany
ePAY incorporates the key features of
the ALBACS software - Bacs payments processing,
integration with accounting & payroll
applications, sophisticated encryption technology
and bank account and sort code validation
- with a host of new features that take advantage of the
latest advances in technology and recent payments industry
initiatives.
Since Albany ePAY launched
in 2009, over 1,000 customers have realised the benefits
and upgraded from ALBACSip.
How Albany ePAY improves on
ALBACS:
- Multiple payment methods: Bacs, Faster
Payments, Direct Debits and International Payments
- Improved security including configurable user
access and sophisticated encryption technology
- Windows 7 compatibility and use of the latest
.NET technology and SQL databases
- HMRC Real Time Information compliancy: easily
implement HMRC's change to PAYE
- Enhanced reporting including the option to
receive reports by email
- More user-friendly processing wizard
- Automated DDICA reporting for Direct Debit
collections
- Bank export capability: Barclays, RBS, NatWest
and Lloyds already supported
- Support for concurrent usage: multiple
departments can use AlbanyePAY simultaneously
- Automated bank holiday & EISCD
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