Faster Payments Process Simplified

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Faster Payments Service is a popular UK based payment system as it operates 24 hours a day, 7 days a week. 8 simple steps described in this infographic by AccessPay on how to setup such a payment process.

Economy & Finance

The document discusses four future payment trends: 1) the decline of cash payments, 2) the rise of mobile payments, 3) the growth of micro payments, and 4) increased use of business payments. It then summarizes PayPal's growth and popularity as an online payment method, highlighting its convenience and security as key drivers for increased sales. The document concludes by outlining how easy it is for businesses to enable PayPal payments on their websites.

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End-of-Life on Bacs/Direct Debit Software? The AccessPay Solution...

AccessPay

The document discusses software providers ending support for outdated Bacs/Direct Debit software, known as "end-of-life". This can cause problems for users and pressure them to upgrade. The document promotes AccessPay as an alternative, cloud-based payment solution with no end-of-life, offering benefits like anytime access, low costs, and easy implementation. AccessPay claims to have helped many organizations switch from outdated systems and cut payment processing costs by 85%.

Straight Through Processing - UK online payment methods

AccessPay

Straight Through Processing (STP) is a technological advancement that allows financial transactions to be processed from start to finish without manual intervention. STP enables information to be entered only once, eliminating redundant rekeying of data. It automates the entire transaction process, reducing errors, increasing efficiency and freeing up staff time. Implementing STP with a system like AccessPay gives businesses benefits like lowered costs, improved data quality and visibility, and reduced operational risk.

10 Myths on Cloud Computing Technology

AccessPay

The document lists and debunks 10 common myths about cloud computing. It explains that the cloud is simply remote access computing using an internet connection like popular online services. Security in the cloud is likely tighter than existing systems and improving. Migrating systems to the cloud can typically be done in a few days with a good provider handling the quick and painless process. The cloud can actually save money by avoiding purchasing hardware and only paying for what resources are used. The cloud is flexible and scalable to grow with business needs. Data in the cloud is reliably backed up to ensure recoverability in the event of disaster. Compliance standards can still be met in the cloud which takes care of its own maintenance and upgrades.

Direct Debit and Standing Orders - Differences

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The benefits of good Direct Debit Management - Infographic

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This document discusses the benefits of direct debits for businesses and customers. It notes that direct debits improve cash flow and make late payments a thing of the past. They also enable easier reconciliation, are environmentally friendly, convenient, and provide bank-grade security. Direct debits result in greater control, time savings, flexibility, revenue growth, increased customer retention, better customer satisfaction, and resource savings. The solution to utilizing these benefits is direct debit management.

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