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Eiger Systems to offer a fast-track to the new BACS payment platform

Workshops to provide corporate users with a quick migration path to BACSTEL-IP

Rugby, UK: 15 March 2005 : Eiger Systems, Europe’s leading developer of validation and payment solutions for automated banking and e-commerce, is to host a series of workshops this May and June to ensure organisations can meet the end of year deadline for the transition to the new BACSTEL-IP payment submission platform. Each of these events will explain how users of BACS can fast-track their migration to BACSTEL-IP with EigerPAY Gateway by utilising Eiger Systems’ new implementation methodology, ‘Fast-track to BACSTEL-IP’. Voca – previously known as BACS - is currently in the process of migrating all its existing users to BACSTEL-IP, which replaces the existing BACSTEL service that is scheduled to be switched off on December 31st 2005.

Callum Johnston, Managing Director of Eiger Systems, commented:

"Fast-track to BACSTEL-IP is a unique implementation methodology from Eiger Systems that will enable corporate submitters to migrate to BACSTEL-IP quickly and in time for the end of year deadline. Users can then conduct a strategic review to derive the full benefits of BACSTEL-IP – including greater automation and paperless reporting - at a later date when business objectives and resources allow. With December 31st now fast approaching, organisations who have yet to adopt migration strategies for BACSTEL-IP will find this series of workshops invaluable."

Product experts from Eiger Systems will attend each event, along with representatives from Voca’s business payments consultancy division as well as the major sponsor banks. A combination of presentations and case studies will be used to explain the potential strategic benefits delivered by BACSTEL-IP as well as introducing Eiger Systems’ Fast-track to BACSTEL-IP implementation methodology. In addition to the formal presentations, the workshop will also provide attendees with advice on how to plan an effective fast-track migration, including a practical session to help organisations get started on this project.

The Fast-track to BACSTEL-IP events will take place on:

Tuesday May 24th at the Belfry near Birmingham
Wednesday June 8th at the Dalmahoy near Edinburgh
Wednesday June 15th at the Brewery in London, EC1

EigerPAY Gateway, Eiger Systems’ enterprise solution for BACSTEL-IP, has been adopted by numerous high-profile and high volume BACS’ users, including BT, Legal & General and the Bank of New York.