Lloyds will offer the vendor’s Bacs capabilities to SMEs and mid-market clients, but D+H hopes this will be subsequently scaled up to corporate customers and global transaction banking.
According to D+H, “the solution will provide the bank’s clients with direct debit and direct credit connectivity, automated retrieval of Bacs messages, a full service direct debit management suite, integration with clients’ ERP systems, and ease-of-use with minimal training required”.
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