SECURITY print specialist Checkprint Ltd has signed a new technology partnership with Rugby-based Eiger Systems Ltd.

The partnership will provide businesses with a flexible and efficient remittance advice facility to support their BACS’ payment processes when utilising the new BACSTEL-IP submission process.

Checkprint Ltd, part of the TALL Group of companies, is one of the country’s leading suppliers of secure print solutions. Eiger Systems is Europe’s leading developer of validation and payment solutions for automated banking and e-commerce.

The partnership will lead to the delivery of Eiger Systems’ BACSTEL-IP solution, EigerPAY Gateway, combined with the CheckPrint Solution, a fully secure, integrated remittance generator, as a single offering.

"The solution will enable users making payments through BACS to benefit from a secure, highly functional and innovative remittance system using email, fax or paper," explains Martin Ruda, managing director of TALL.

"Until now, organisations making payments through BACS have not had the opportunity to validate successful transmission of funds prior to routing electronic or printed confirmation to recipients. Generating e-mail remittance advices can deliver significant cost savings and improve the overall efficiency of the BACS payments process."

Checkprint has developed a series of software and hardware secure print solutions to achieve a significant growth in business.

Last year Checkprint signed a technology partnership with Solchar to jointly promote another new product – the Banking Assistant - which helps businesses work with their bank to improve reconciliation and audit control of cheque deposits.

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