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What are the benefits for businesses?

The BACSTEL-IP technology has a range of benefits to businesses: the ability to track payment status information online, keeping the businesses' own records accurate and up to date in real time and electronic reporting online. There is also automated receipt of payment and faster payment confirmation.

BACSTEL-IP adopts the highest level of security in payment submissions through the use of Public Key Infrastructure (PKI) and Public Key Cryptography (PKC) to provide industry strength security.

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