On 31st December 2005, the current BACSTEL system will be switched off and replaced by BACSTEL-IP, BACSâ new payment submission platform. Organisations that have not yet migrated to the new system face an escalating challenge as the time available to migrate shortens and demand for implementation resource increases. Voca, formerly known as BACS, the UK clearing house for all Direct Debit and Direct Credit payments, is encouraging all of its customers to put in place migration plans without delay.
Callum Johnston, Managing Director at Eiger Systems explains the challenge; "Organisations face two conflicting pressures: they must meet the deadline to ensure their core business is not disrupted, but in order to realise the full potential of BACSTEL-IP they need to undertake a full assessment and review of their payment requirements, which will take time and resource to implement.â"
To help companies resolve this dilemma, Eiger Systems has devised Fast-track to BACSTEL-IP which enables organisations to meet the impending deadline, without compromising the future of their payment systems. Fast-track to BACSTEL-IP allows users to migrate quickly to a standard version of EigerPAY Gateway and implement BACSTEL-IP in a matter of days. As part of the process, organisations are provided with a Migration Pack that guides them through the main stages of migration and helps define the key information required.
The solutionâs scalable architecture facilitates a comprehensive configuration at a later date, which allows users to implement more sophisticated payment systems when business objectives and resources allow.
Callum Johnston adds: âMigrating using Fast-track to BACSTEL-IP allows organisations to meet the deadlines and at the same time avoid the resource bottleneck. A rapid initial implementation eliminates the need to compete for external resource with the numerous other migrating organisations."
Eiger Systems has completed some of the largest Direct Debit and bureau migrations to date and is in a position to commit the necessary resource to migrate those remaining organisations that need to make the transition ahead of the final December cut-off date.