Finastra BACS payments- Bacsactive

By Finastra


Streamline your payment processes to reduce errors and save costs

Fusion Bacsactive-IP enables business to process, payments with easy-to-use functionality whilst also handling mission-critical payment operations.



Reduce implementation and ongoing costs

SaaS architecture means no hardware to buy or software to install. This is all already taken care of.

Lower risk profile

Minimizes risk with secure and flexible authorization levels.

Reduce Failed Payments

Enforces best practices and ensures Bacs compliance.

Improve efficiency

Simple integration and automation with your back-office systems.

 



Bacs is a UK bulk payments rail operated by Pay.UK that enables payments to flow from one bank account to another. By utilizing the Open API module in Finastra’s Bacsactive-IP solution, customers can generate single or batch, vendor payments within Priority, and upon authorization, the payments are sent to Bacs – all completed within one automated and seamless user journey.

After 3 business days you will be able to see the confirmed payment within Priority. 



Technical:

This is available for all UK Priority users as part of the standard package. 

Setup is done within a number of days and you will not need a ERP specialist to set this up. 

Pricing:

  • Set-up testing and training      £295.00
  • Monthly fee                                £55.00
  • Each additional SUN                 £25.00
  • Each additional Signing User  £10.00
Last update May 1, 2023, 4:19:00 PM
Interface language English
Input language supported English
Zoom Compatible No
Country UK
Relevant Priority Versions 23.0
Release date May 1, 2023, 4:19:00 PM
Version number 1
Vertical All
Device Desktop, Mobile, tablet
Cloud compatible yes

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