organisations need a single, intelligent payment gateway which can securely access a variety of different payment schemes
New PayGate Plus Modules add seamless data validation and electronic document delivery to the PayGate family
Leading payments systems provider BeMac Payments, a Barron McCann company, today announced the launch of two new modules to further enhance the range of capabilities of its real-time payments processing gateway, PayGate. These new PayGate Plus Modules will provide PayGate users with two additional integrated services: Validate, providing real-time data validation, and e-Post electronic document delivery.
PayGate Plus Validate has three components: Validate for Payments, Validate ID and Validate API. Validate for Payments is a real-time data validation service for electronic payments. Using Validate you can quickly and easily validate UK domestic and European payment data such as account numbers, credit card numbers, BICs, and IBANs.
Validate can also be used to ID Check individuals to help you meet your Direct Debit obligations and reduce payment fraud. Validate also gives you access to a rich stream of company information including access to accounts and directors reports.
PayGate Plus e-Post performs fast and efficient e-document distribution (EDD) with invoices, remittances, purchase orders and statements produced and securely delivered at the touch of a button. It works by retrieving the data extracted from third party applications, such as an accounts package, (which can be scheduled automatically) and then translates this data into an electronic document, based on a user-specified layout and format, such as a purchase order or invoice.
PayGate then routes the document to the required recipient, using either the application’s address book, or your third party application to provide delivery details. The HTML, PDF or TIF document is then sent via email, fax, print or file transfer. PayGate can also incorporate optional EDI capabilities and supports all the current financial message standards.
EDI communications can be sent and received by PayGate and any incoming messages can be redefined for integration back into your third party applications.
Validate and e-Post join the existing portfolio of PayGate Plus Modules:
• PayGate Server
• BACS Direct Debit
• Faster Payments Global Payments, incl. SEPA, NACHA, SWIFT
• Single Payment Entry
• Beneficiary Account Management
• Hardware Security Module (HSM)
• Lights Out HSM Operation
• Multi-Bank Bureau
• Multi-Client Bureau
• S/MIME Security
• SFTP File Transfer
• Goldstar, Emergency Submission
“PayGate is the payments system that forward-looking organisations have been asking us for,” noted BeMac Payments Managing Director, Peter Alderson. “As the market moves towards the incorporation of a significantly wider range of payment types into everyday business, organisations need a single, intelligent payment gateway which can securely access a variety of different payment schemes and seamlessly accommodate future growth and expansion,” he added.
Designed to integrate and operate within an organisation’s existing IT infrastructure, PayGate is format-independent, so can accept data of multiple input and collection formats, in bulk or otherwise. PayGate will then convert the data into the correct format for that payment scheme, whether SEPA, Faster Payments, SWIFT or others. Any, as yet unspecified, future payment standards can simply be added as PayGate Plus Modules, meaning that users obtain the most benefit from both their PayGate investment and the available payment execution services.
“The payment solutions marketplace is primarily characterised by long-established offerings, none of which have been specifically designed to cater for both existing and future payment requirements,” added BeMac Payment Services Manager, John Doyle. “PayGate not only meets the needs of organisations today, but provides a simple growth path and the flexibility to add new PayGate Plus Modules as needed.”
BeMac Payments, a Barron McCann company, provides secure payment solutions to corporates, governments, professional service firms and the retail industry worldwide. The company has worked with over 3,000 leading organisations over the last 20 years helping them to efficiently and cost-effectively manage a myriad of data sources, payment types and transaction requirements. BeMac is a member of the Payments Council of the UK, an authorised partner of SWIFT.. BeMac Payments is headquartered in the UK. For more information, visit www.bemac.com
Photographs of Peter Alderson, Managing Director, BeMac Payments, and John Doyle, Payments Services Manager, BeMac Payments, are available upon request.
For more information, please contact:
Company Contact PR Agency Contact
Marketing Manager, BeMac Payments
Tel: 07815 762 043
Partner, Insight Group Marketing
Tel: 07785 395 499
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