The award-winning Bacstel-IP data channel was launched in 2003 and has processed over 11 billion transactions on behalf of banks, businesses and Government organisations. Over 100,000 corporate users worldwide use Bacstel-IP to submit Bacs payments and messages to VocaLink for processing, and to interact with the Payment Services website to view and collect electronic reports and management information.

Bacstel-IP combines internet protocol and PKI to create a multi-layered security platform to ensure the safe transmission of business-critical payment and customer information.

The service includes:

• PKI-enabled identification to confirm sponsoring bank identities and ascertain access rights through PKI tokens 
• IP-enabled transmission to handle high volumes and ensure access from any location 
• Interactive error reporting identifying and live reporting errors during the submission process 
• Reports at the end of each submission to confirm successful receipt by VocaLink