The Department of Work and Pensions (DWP) has selected Eiger Systems’ BANK WIZARD solution to support the introduction of Direct Payment for the payment of state pensions and benefits. The DWP is enhancing its computer systems in order to implement the Government’s policy of making Direct Payment into bank or building society accounts the normal method of benefit and pension payment. These include payments of the State Retirement Pension, Child Benefit, Incapacity Benefit, Disability Living Allowance, Income Support and Jobseeker’s Allowance. Automated payment systems, especially those that issue millions of payments per week, rely on the availability of accurate account details to minimise the number of erroneous transactions. Eiger Systems’ BANK WIZARD solution is available throughout the DWP intranet for use by all staff involved in administering automated payments.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.