Bacs indirect participants
Numeral enables Bacs indirect participants to connect to their sponsor bank and support all Bacs payment flows, related related messages, and related operational processes, including:
- Sending Bacs credit transfers and direct debits
- Receiving Bacs credit transfers and direct debits
- Processing payment input reports
- Sending and receiving ARUCS and ARUDD items and reports
- Sending and receiving credit and debit contras
- Sending and receiving recalls, reversals and returns
- Receiving settlement account statements
- Reconciling Bacs settlements
- Safeguarding of customer funds
Updated 3 months ago