Direct Debit Limited launches Bacs-approved Hardware Security Module (HSM) for unattended payments submissions
Direct Debit Limited launches Bacs-approved Hardware Security Module (HSM) for unattended payments submissions
PayCentre HSM reduces risk of human error and fraud in payments processes
London, 26 July 2010 - Direct Debit Limited, the Bacs-approved payments-management software provider, today announced the launch of its Hardware Security Module (HSM). The module forms part of the PayCentre multi-payment processing platform, which helps organisations automate and streamline the lifecycle of credit and debit card, Direct Debit and Direct Credit payments processes.
The HSM module of PayCentre, which has been awarded Bacs-approved software status, enables Direct Debit Limited customers, including businesses, public-sector bodies and charities, to submit payment files to Bacs automatically. This alleviates risks involved in payments submission processes including human error and fraud. The tamper-proof HSM is a more secure alternative to smart cards.
Direct Debit Limited has designed PayCentre for organisations with high volumes of submissions. The HSM submits payments unattended, which reduces administrative costs. Users can process transactions outside of normal office hours by scheduling file submissions for specified dates. For example, if a company accounts clerk is going on holiday, it’s possible to pre-arrange file submissions, which ensures the company doesn’t miss any payments.
Direct Debit Limited underwent rigorous testing with Bacs and Vocalink to achieve formal approved status for the HSM module.
“In today’s business world, where security and efficiency is essential, companies need as much protection as possible and the HSM is a perfect solution to help reduce risk in payments processing.” said Salih Mripa, IT Director, Direct Debit Limited. “We are very pleased to be able to offer our customers this module as part of our integrated PayCentre platform”.
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About Direct Debit Limited
Direct Debit Limited is a leading provider of Bacs-approved payments-management software and services. For more than 20 years, the company has helped organisations collect and make payments more efficiently with its specialist software, hosted services, consultancy and training.
Direct Debit Limited's expertise originated in Bacstel-IP software and grew to include systems that manage Automated Direct Debit Instruction Service (AUDDIS) and Paperless Direct Debit processes. Most recently, the company has developed a payments platform that automates Single Euro Payments Area (SEPA) transactions. This builds on Direct Debit Limited's long-standing interest in European payments, which saw it set up the European Direct Debit Association in 2005.
As a Bacs affiliate, Direct Debit Limited has a say in the future of electronic payments in the UK and benefits from the latest industry information. This allows the company to respond quickly to changes in the industry with innovative products.
For more information on Direct Debit Limited, please visit www.directdebit.com.
