16 October 2017
Register now

Public sector lagging in move to Bacstel-IP

26 November 2003  |  6470 views  |  0 Public sector lagging in move to Bacstel-IP

UK public sector bodies are struggling to meet the 2005 IP migration deadline set by bank-owned payments processor Bacs.

All UK councils must migrate to the Bacstel-IP payment system, which utilises Internet Protocol and public key infrastructure (PKI), by 2005.

At the recent Institute of Rates, Revenues & Valuations (IRRV) annual conference and exhibition, financial software vendor Bottomline Technologies says many delegates were unaware of the Bacs migration issue and those that did were worried they didn't have time and budget allocated for the change.

Mike Hutchinson, marketing manager at Bacs, says councils need to accelerate plans to move to Basctel-IP and avoid the inevitable rush to migrate in 2005.

The clearing house recently urged the 50,000 British companies that use its payments network to begin liaising with banks and software suppliers and allocate budgets for move to the new platform.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Businesses told to plan move to Bacstel-IP

Businesses told to plan move to Bacstel-IP

11 November 2003  |  5718 views  |  0 comments
Bacs targets overseas markets with LogicaCMG

Bacs targets overseas markets with LogicaCMG

22 October 2003  |  5193 views  |  0 comments
Swedish and UK ACHs to sign for SwiftNet FileAct

Swedish and UK ACHs to sign for SwiftNet FileAct

06 October 2003  |  4761 views  |  0 comments
Bacs looks for profits, names Richard Parker CFO

Bacs looks for profits, names Richard Parker CFO

29 July 2003  |  3440 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.capgemini.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14300 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13026 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8934 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7836 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7564 views comments | 13 tweets | 13 linkedin

Featured job

Find your next job