Ultra Payments Enhances its PayGate Payment Solutions

Ultra Payments Enhances its PayGate Payment Solutions
04.05.2016 11:30 am

Ultra Payments Enhances its PayGate Payment Solutions


Ultra Payments (formerly Barron McCann Payments), a business unit of Ultra Electronics, is pleased to announce that its PayGate Payment solutions now offer a fully BACS compliant integrated DDMS module.

The DDMS module provides a number of features including:

·         Full compliance with DD (Direct Debit) guidelines – minimising indemnity claims

·         Automated DD processes and life-cycle management

·         Automated DD submission in a single solution

·         Full AUDDIS and ADDACS compatibility

·         User friendly file mapping and workflow modules

·         Full visibility of failed collections enabling appropriate action to be taken

Direct Debit management can be a time-consuming manual process, taking up resources to implement and costly if things go wrong. Failed Direct Debit collections caused by incorrect payer details can significantly impact a business' cash flow. PayGate Direct Debit software simplifies the complex task of collecting and managing direct debits for organisations and provides superior reconciliation and reporting tools for users.

As an enterprise solution, PayGate’s DDMS provides greater reconciliation and management, with a sophisticated user interface to provide greater visibility on non-paying debits. It also supports the “Current Account Switch Service” so that Direct Debits can be quickly identified, allowing banks to switch customer accounts within the 7 day deadline.

Organisations can benefit from a complete end-to-end platform, supporting multiple locations, users, payment and collections methods. Validation is also included, which coupled with the customer support and interaction that we offer as standard, helps to minimise errors, reduce fraud, and decrease costs. Additionally, it also enables easy collection of Direct Debits on-time and in full compliance with BACS scheme rules and best practice.

All existing customers of Ultra Payments can upgrade to include the DDMS module saving time and money. BACS submitters that are not Ultra Payment customers should contact us to discuss migrating to a payments solution with no end of life guaranteed, that is tested and ready to deploy immediately.

PayGate is available either as a cloud-based payment gateway, a hosted and managed enterprise solution or on premises solution for direct submitters; migration can be accomplished easily and quickly with minimum disruption and cost. The API interface options allow Financial Institutes, service bureaus and large corporations to also offer this as a service through their current solutions.

Nick Newman, Ultra Payments Business Manager, said “Our goal is to provide the best Payments solutions to our customers with no end-of-life. The solution we offer has recently been expanded to incorporate BACS, Faster Payments, SWIFT, SEPA, NACHA and other payment methods. The addition of DDMS is a demonstration of our commitment to respond to the needs and requests of our customers as our first priority.”

Related News

Shopify introduces major product launches, including Shopify Balance and Shop Pay Installments

Shopify Inc., a leading global commerce company, announced new and updated products at ... Read more »

Recycling ATMs in Latin America to treble by 2024

Deposit automation and recycling terminals are revolutionising the way banks operate across the globe, allowing routine transactions to be migrated from the teller to self-... Read more »

Neobank Jingle Pay chooses W2 to power its new Super App for the Unbanked

W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with neobanking group... Read more »

Wirecard and websms enable smart shopping via SMS and Messenger

Wirecard, the global innovation leader for digital financial technology, and websms, a pioneer in mobile messaging, have come together to set... Read more »

NatWest research: UK small businesses accelerate transition to cashless during pandemic

UK SMEs are moving to accept card and contactless payments at an increasingly rapid rate as a result of the coronavirus crisis, according to findings published today by... Read more »

Judopay and Mastercard partner with The Pharmacy Centre to ensure access and availability of medical supplies

Judopay, a leading mobile-first payment provider, today announced that together with ... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel