Enabling quick and easy payment submissions, PTX is a cloud-based Bacs and Faster Payments solution that securely manages payments and Direct Debit collections for Bacs Approved and Internal Bacs Bureaux.
Offering quick, easy, secure automated direct and indirect payment submissions, PTX:
- Easily manages the data and submissions associated with multiple customer files
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Verifies, authorises and submits both customer and bureau files
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Automatically downloads customer reports, including transactional reporting to support customer billing
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Reduces operational costs by eliminating the need for installed software
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Offers anywhere, anytime accessibility and flexibility
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Delivers operational automation, efficiency and lights-out processing capabilities
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Delivers peace of mind with failsafe switchover for business continuity
PTX offers bureaux the ability to process batched payment and collection files from any location using secure, cloud-based technology, giving you increased mobility and flexibility when processing payroll and supplier payments or managing Direct Debit (DD) collections on behalf of your clients.
PTX – feature-rich, cloud-based offering:
Bacs approved software: Bacs Direct Credits, Direct Debits, Faster Payments, HMRC RTI
Secure multi-device, multibrowser, and multi-user access with Smart Card and HSM / lights out processing support
Intuitive and user-friendly interface, with industry-leading compliance for the visually impaired
Bank account validation
Developed to optimise speed when processing large, complex files, PTX:
- Scales with your business
- Is resilient and always available
- Offers complete visibility and control
- Is accessible anytime, anywhere
- Secure and compliance
- Delivers fast and simple processing
Reduce Operational Costs
PTX eliminates the need for on-premises software and infrastructure, negating the upfront cost incurred to the bureau, or in turn to your customer, for software installations, the ongoing cost of upgrades, maintenance fees or on-site security updates. By reducing your capital expenditure and operational overheads, PTX offers a cost-effective alternative to installed software for bureaux of all sizes, complexities, and environments.
Offering flexibility & accessibility
PTX gives you the ability to view, process, and approve both the bureau and customer payments from anywhere at any time and from multiple devices, offering greater visibility and control over your payments and cash flow.
Minimise risk & sustained security
Ensure your payments and collections get to the right place at the right time in the most secure and cost-effective way, with PTX security features such as multi-user permissions and limits, specified levels of authorisation and workflow control, and PKI file encryption.
Improve operational efficiency
Through our APIs and sophisticated file mapping, PTX easily integrates with all mainstream accounting, payroll, and ERP systems, helping bureaux to fully automate the process of making and receiving payments on behalf of others. Focused on supporting bureaux, PTX encompasses scheduling to facilitate automation, workflow to manage user interaction at an appropriate time, notifications to progress payments through the workflow, and user segregation to preserve client confidentiality and security.
Submit files to Bacs
Reformat, validate, and combine external or internal customer data from multiple formats into a single bureau file, removing the need for bespoke development in your systems, or expecting your customers to customise their output to match a required format. Reformat and validate pre-built multi-user bureau files for Submission to Bacs over Bacstel-IP or to the DCA service over Secure-IP for Faster Payments.
Bacs and DCA Report Collection
In a single sweep, bureaux can download Bacs or Direct Corporate Access (for Faster Payments) input, failure, or amendment reports in all available formats on behalf of all of your customers, saving time, effort, and delivering more visibility and control. Furthermore, it helps to keep your customers aware of submission failures, changes required to sort code and account number data at source, ensuring they remain compliant with the Bacs Direct Credit or Direct Debit scheme rules.
Disaster Recovery for Bureau
Offering robust failover capabilities, PTX serves as the perfect DR solution and can sit alongside an installed instance of your Bureau software. By adding your customer Service User Numbers to our Bureau number or by setting up a Bureau application on PTX using your own Bureau Number, we can simply submit your customer data if you can’t. If you and your customers are sponsored by a bank that offers and supports Faster Payments Direct Corporate Access, PTX can also offer a same-day payment alternative to Bacs.
