Why are BACS Payment Schemes using Internet based technology?

Internet Protocol (IP) is a set of computer technologies that enable many computers to exchange information reliably and efficiently, wherever they may be, worldwide.

IP is in very widespread use and has become the standard for data networking. IP is the foundation of the global public Internet and is also the dominant technology used by organisations sharing private networks.

Internet technologies have reached a critical mass and universal level of acceptance amongst the IT industry and its users. For electronic communication, virtually all research and development effort over the last decade has been in this area. This makes Internet technologies unquestionably the most versatile and cost-effective way for businesses, banks and consumers to exchange information.

back

This site is best viewed using Netscape 7 or IE 5.5 and above with Javascript enabled.