Making Domestic Payments Electronically

If you are making a one off urgent payment or a recurring large volume payment e.g. weekly staff payroll, Bankline has the power to handle all your domestic payments needs.

Key features

• Simple online registration process
• Powerful local administrator system and payment controls
• A powerful, comprehensive domestic payment engine
• A large range of submission options to suit your business needs e.g. file import or keying directly
• Select the payment processing cycle (same day or standard) that best suits your business needs
• Increased security through Dual Authorisation
• Monitor the real time status of payments
• Drive administration efficiencies by creating and storing beneficiary templates and "bulk lists" for regular payments for future re-use
• For less urgent payments, Bankline provides a three-day BACS service*. Simply create bulk lists to process multiple BACS payments, and produce remittance advice slips, with the option of using company letterhead.
• Generate remittance advices online
• Key and warehouse future dated payments for up to 159 days

Key business benefits from our electronic payment engine, Bankline

• Visibility real time cash position across all your registered accounts
• Later cut off times for electronic payments
• Paper cut off time is 1:30pm
• Bankline cut off time is 4:30pm
• Reduced administration costs - reduce paper in the system and processing resources. You can import payments directly from your Enterprise Resource Planning (ERP) system into Bankline or create reusable templates for regular payments on Bankline
• Strong accountability and controls around payments - dual authorisation, set individual / beneficiary payment limits, online audit trails of payment activity by user, system alerts when payment templates are changed e.g. beneficiary bank account

View our Bankline section for further details.

* BACS - "Bankers Automated Clearing Services" is the "not for profit" body with members from the UK banking industry which promotes the use of automated payment schemes and governs the rules of the BACS scheme. See www.bacs.co.uk for details.