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Description
Direct Debit is an innovative cloud-driven solution designed for the automated collection of recurring payments directly from the bank accounts of customers, streamlining the payment process for businesses. It features a robust end-to-end system that starts with customizable electronic mandates, which customers can conveniently sign digitally from any device, ensuring a quick and secure authorization process while eliminating the need for paper documentation. After receiving authorization, businesses can issue payment instructions detailing the amounts and schedules, and the system will automatically withdraw funds from customer accounts on the predetermined dates. To enhance security, it incorporates an Account Verification Service (AVS) that checks banking information to mitigate fraud risk, alongside DebiCheck authentication, which helps reduce disputes by confirming mandates in advance. Furthermore, it supports a variety of transaction types, including Same Day and Two-Day EFT debit orders, EFT credits, and batch processing, while offering API and webhook integrations, enabling organizations to seamlessly connect the platform with their existing systems for enhanced operational efficiency. This comprehensive approach not only simplifies payment collection but also bolsters security and improves customer trust in the process.
Description
Finastra's Bacsactive-IP is a cloud-driven platform aimed at optimizing payment processing for various types of transactions, such as payroll, supplier payments, expenses, and more. This solution accommodates businesses of all sizes, ranging from small enterprises handling their direct debits to large corporations managing millions of transactions on a daily basis. The service includes a robust set of features, such as secure user access with multi-factor authentication, web-based technology that supports simultaneous use by multiple users, and seamless integration with pre-existing systems to boost operational effectiveness. Additionally, optional modules can be implemented to further automate payment processes, ensuring a customized solution that aligns with unique business requirements. As a Software-as-a-Service offering, Bacsactive-IP removes the necessity for hardware investments or software installations, thereby lowering both initial and ongoing expenses associated with implementation. With its user-friendly interface and adaptability, it positions itself as a valuable asset for organizations looking to enhance their payment processing capabilities.
API Access
Has API
API Access
Has API
Integrations
Authorize.Net
Calendly
Chargebee
Donorbox
Finastra
FreshBooks
Google Sheets
Magento
Memberful
QuickBooks Online
Integrations
Authorize.Net
Calendly
Chargebee
Donorbox
Finastra
FreshBooks
Google Sheets
Magento
Memberful
QuickBooks Online
Pricing Details
$26.03 per month
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Direct Debit
Founded
2009
Country
South Africa
Website
www.directdebit.co.za/
Vendor Details
Company Name
Finastra
Founded
2017
Country
United Kingdom
Website
www.finastra.com/payments/solutions/bacsactive-ip
Product Features
Payment Processing
ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture
Product Features
Payment Processing
ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture