integrated payment processing, seamlessly driving direct debit collections and direct credit payments
ALLinONE Bacs is a highly automated payment processing service that allows Lifecycle to set up and collect direct debits and direct credits on behalf of a client. As a Bacs Bureau service monies are collected from the end user and paid directly into the client’s bank without the use of a holding account, improving the efficiency of payment collections and cash flow, and reducing costs and risks for organisations.
Accredited since 2015, ALLinONE Bacs was developed as a component within the ALLinONE product suite to enable automated and integrated payment services.
Funds are credited directly to the client’s bank account, improving cash flow and providing transparency of payments processed.
Existing integration within the ALLinONE product suite minimises set-up time and costs.
Use of Bacs minimises onerous administration and compliance requirements.
Clients using the Direct Debit payment method are fully protected by the Direct Debit Guarantee.