Suppliers warn of BACSTEL-IP migration bottlenecks

Share this content
1

More than 10,000 companies have just over two months left to move their electronic payment systems from EDI-based links to the new internet-based BACSTEL-IP payment infrastructure.

In December, the old BACSTEL system will be taken out of service. At the recent Softworld Accounting & Finance event, Georgia Leybourne of Albany software warned of migration bottlenecks as more than a third of BACS users had not yet made the transition.

"It's over two years since BACS announced the migration to the new technology, BACSTEL-IP, and only 60% of businesses are ready. The remaining 10,000 companies risk failing to secure the help they need from the software community."

Albany, a specialist in online payment and ecommerce systems, has moved more than 5,000 companies onto BACSTEL-IP. It is one of 25 deve...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

cost could be the reason
We have reveiwed the software options available for switiching to BACSTEL-IP from BACS and it is too expensive.

The cost appears to run up to several £'000's for very few obvious benefits.

Could this be the reason many business aren't migrating and are instead finding an alternative solution?

Thanks (0)