Direct Corporate Access (DCA) is part of the Faster Payments Service which provides a same day clearing payment service to UK member banks. Direct Corporate Access (DCA) will provide Banks' business customers with direct access to the Faster Payments Service (FPS) clearing service in a very similar way that Bacstel-IP provides access to BACS.
Direct Corporate Access only enables submission of files of payments, however as the central FPS processes payments individually, VocaLink the operators of DCA will split the files into individual instructions for processing through FPS.
It was developed by APACS on behalf of the FPS member banks and the infrastructure went live in March 2009. Barclays was the first Bank live for customer sponsorship in August 2009.
Albany Software was the first solution supplier to successfully process a payment through the Faster Payments Service via DCA, using Albany ePAY on Wednesday 22 July 2009.
Read more about Direct Corporate Access: Key Features, Secure-IP, Bureaux, Weaknesses, Alternative Products
Famous quotes containing the words direct, corporate and/or access:
“I, who travel most often for my pleasure, do not direct myself so badly. If it looks ugly on the right, I take the left; if I find myself unfit to ride my horse, I stop.... Have I left something unseen behind me? I go back; it is still on my road. I trace no fixed line, either straight or crooked.”
—Michel de Montaigne (1533–1592)
“The generation of women before us who rushed to fill the corporate ranks altered our expectations of what working motherhood could be, tempered our ambition, and exploded the supermom myth many of us held dear.”
—Melinda M. Marshall (20th century)
“Whilst the rights of all as persons are equal, in virtue of their access to reason, their rights in property are very unequal. One man owns his clothes, and another owns a country.”
—Ralph Waldo Emerson (1803–1882)