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- ALBACS EFT System - Albany Computers Ltd.
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- KEYWORDS: Banking, General, 44
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- ALBACS enables payments or collections to be made electronically directly from
- your computer to BACS. ALBACS replaces cash, cheques, bank giros and many other
- payment or collection methods, substantially reducing costs and administrative
- overheads. Having completed your payroll, purchase ledger, direct debiting
- application as usual on your computer, ALBACS will automatically process the
- payment or collection information for submission directly to BACS. Transmission
- of data is then made either by sending the data to BACS via a modem, or by
- transferring the information onto a floppy disk to be posted to BACS. Transfer
- of funds is then made automatically from your bank account to the recipient's
- bank account or building society account on the required day. ALBACS links to
- most other packages, eliminating any re-keying of information and transposition
- errors, and maintains a complete and comprehensive history of activities and
- processing. For security it has multi-level password protection.
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- Albany Computers Ltd.
- Tel: (44) 0252 717070
- Fax: (44) 0252 717080
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