Rapidata Services, the Bacs approved bureau for direct debit processing, has become the first company to deploy biometric security controls as part of its payment file submission procedure to Bacs. Using EigerPAY Gateway, the Bacstel-IP submission software, Rapidata authorises users through the use of a highly secure, biometric finger scan device. This technology is in addition to the standard requirements of a password and user name to access the Bacstel-IP platform. Bacs is currently in the process of migrating all its users to a new payment platform known as Bacstel-IP which is scheduled to replace the existing Bacstel service by 31 December 2005. One of the key benefits of the new system is that it has been designed to accommodate a significant increase in the level of security available to users. Primarily this will ensure that the submission of payment files can be conducted in a secure environment, increasing flexibility by enabling more processes to be automated and minimising human intervention to reduce the risk of fraud.
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.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.