Payment Solutions
PayFac Payment Platform
PayFac is the leading automated, online payment system for international and BACS and direct debit financial transactions in the United Kingdom.
Customers use PayFac so they can:
- Reduce costs by consolidating their transactions within a single payment solution
- Choose the payment type that reduces the cost of transactions to employees, suppliers and other third parties
- Buy or sell foreign currency at competitive exchange rates
- Improve their cash flow by using a direct debit collection solution that will reduce unpaid direct debits
- Enact disaster recovery services so transactions are made when the unexpected happens with a platform that you can access from anywhere in the world.
Key features of PayFac
-Full connectivity with your existing accounting system via an API or you can upload files direct from your accounting system (Sage, SAP, Pegasus etc.) directly into PayFac.
-PayFac, provides you with peace of mind that your transaction is secure whilst providing your recipient the notification that payments are on the way.
-Transfers can be transmitted through UK BACS, CHAPS, UK Faster payments, SWIFT or SEPA.
In addition we provide a payment notification service so that you and your payment beneficiary know exactly when the payment has been sent. PayFac is the only payment solution you will ever need.