Direct Debit Limited Launches Bacs-approved Hardware Security Module

Direct Debit Limited, the Bacs-approved payments-management software provider, has launched the Hardware Security Module (HSM). The module forms part of the PayCentre multi-payment processing platform, which helps organisations automate and streamline the lifecycle of credit and debit card, direct debit and direct credit payments processes.

The HSM module of PayCentre, which has been awarded Bacs-approved software status, enables Direct Debit Limited customers, including businesses, public-sector bodies and charities, to submit payment files to Bacs automatically. This alleviates risks involved in payments submission processes including human error and fraud. The tamper-proof HSM is a more secure alternative to smart cards.

Direct Debit Limited underwent rigorous testing with Bacs and Vocalink to achieve formal approved status for the HSM module.


Related reading

New consumer banking head for Citi Asia Pacific