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Companies using the existing BACS system need to act immediately. The deadline for companies to move to BASCSTEL-iP is December 2005, after this date all support for traditional dial-up software will cease.

BACSTEL-iP is a completely new way of accessing the BACS Payment Schemes payment services. It is based on internet protocols and uses the latest PKI technologies for heightened level of security. These technologies have been developing and have reached the stage where they are reliable and cost-effective for everyone involved in the payment process.

DbBACS-iP from Version One embraces these proven technologies and fully utilises state of the art security methods. Following implementation, companies will benefit from being able to monitor the status of payments, receive reports and maintain their own records - all online.
Whilst the deadline for companies to move to BACSTEL–iP is December 2005, however, because of the increased functionality and additional benefits offered by the new BACSTEL-iP service, it makes sound business sense to migrate to DbBACS-iP as soon as possible.
For further information, please contact marketing at Version One Ltd, tel 01625 856505 or e-mail

20th April 2004
Further information

Version One Ltd, a rapidly growing company established in 1989, is the author of a range of document management and imaging software solutions. Working in close partnership with the resellers and authors of the major accounting, manufacturing and ERP systems, Version One’s range of modules combine sophisticated and powerful functionality with a very fast return on investment.

Officially named as one of the fastest-growing technology companies in Europe in the 2003 Deloitte European Technology Fast 500 Awards, Version One’s leading document management system – DbArchive – was also a winner in the Green Apple Environmental Awards for Commerce and industry 2003. DbArchive dramatically reduces paper consumption by automatically scanning and archiving incoming documents.

For further information on Version One, please contact:-

Tony Bray, Sales and Marketing Director
Tel: 07778 648082 or 01625 856500


Catherine Murphy, Marketing Manager
Tel: 07771 746056 or 01625 856500

This press release was distributed by ResponseSource Press Release Wire on behalf of V1 Ltd in the following categories: Business & Finance, for more information visit