Access Accounting Confirm BACSTEL-IP Compliance
Press Release - Monday, August 22, 2005
Access Accounting has confirmed that its software is compatible with the new BACS transmission standard, BACSTEL-IP.
BACSTEL-IP leverages Internet technology to deliver improved security, reliability and speed of financial payments. By the end of 2005, all 40,000 companies using BACS for electronic payments must migrate to the next generation delivery channel, BACSTEL-IP.
The payment transmissions are protected using Public Key Infrastructure (PKI), and Smart card technology, yet use the standard Internet Protocol (IP). From 2006, payments being transmitted using the existing BACSTEL service will not be accepted by the BACS network.
Pip Trowles, Product Manager, said, "We work closely with our partners to provide BACS transmission capability and currently output BACS remittance transactions in nine different formats. This means that Access software is compatible with all the major banking services plus the industry leaders in direct BACS transmissions."
She continued, "Our compliance with the new BACSTEL-IP standard is just one more way in which we are supporting our customers."
Notes to Editors:
Access Accounting is the UK’s leading business software house serving the mid-market. Its solutions have been chosen by over 10,000 UK companies - helping them to achieve business success.
A subsidiary of Access Technology Group Ltd, Access Accounting was the first UK vendor to recognise the potential of Windows and create a mid-range accounting platform based on this technology. Today it offers four scalable, web-enabled systems including its flagship solution, Access Dimensions. The company also offers Access Payroll, a combined payroll/personnel suite, which is fully compliant with the latest CIS regulations.
Access Accounting is a Microsoft Gold Certified Partner and a member of the Business Application Software Developers Association (BASDA). It has also received accreditation from major authorities including the Institute of Chartered Accountants in England and Wales (ICAEW) and the HM Revenue & Customs’ rigorous Payroll Standards Scheme. In 2007, the company won ’Financial Software Provider of the Year’ in the Real FD/CBI FDs’ Excellence Awards and ’Mid-range accounting Software Provider of the Year’ in the Sift Media Business Software Satisfaction Awards – both voted for by customers.
Media information:
Helen Carpenter
Head of Group PR
Access Accounting Ltd
T: 01206 322575 / 07833 936311
F: 01206 322956
E: helen.carpenter@access-accounts.com
W: www.access-accounts.com
