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Bacs Approves Experian Payments Gateway

For use with Smartcards and Hardware Security Modules (HSM) in both attended and unattended modes

Experian, the London-based global information company, has announced that its payment processing product, Experian Payments Gateway, has received an approval under the Faster Payments Approved Software Scheme, operated by UK-based Bankers’ Automated Clearing Services (Bacs). It will enable users to automate their Faster Payments and participate in the Barclays launch of Direct Corporate Access (DCA) to Faster Payments in September.

Reportedly, Experian Payments Gateway has been tested and approved for use with Smartcards and Hardware Security Modules (HSM) in both attended and unattended modes. It supports Faster Payments DCA via Secure-IP, the channel for corporates to initiate Faster Payments.

James Hilliard, senior product marketing manager, Experian Payments, said: “Many of our large customers use automated payments systems to help increase efficiency and reduce their risk and costs. Recognising their need to automate their Faster Payments securely, we have worked closely with the Faster Payments Approved Software Scheme to ensure they are able to gain maximum benefit from the new Faster Payments Service.”