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Corporate Banking

Direct Corporate Access

Day Month YearFirstname Lastname

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I want it now!

Society and modern culture has increasingly high expectations of the service delivered by organisations. We take it for granted that we can compare insurance quotes, make our selection, arrange payment within a few minutes and that the cover can start immediately.

Such customer service expectations increasingly affect all organisations making and receiving payments. Faster Payments has marked a paradigm shift in your customers’ expectations.

Customers will be making payments in near real time, and will expect that payments back to them will be as fast.


2 | Barclays presentation title | 1st June 2013

Firstly what is DCA?

Direct Corporate Access (DCA) enables Corporate Banking customers to submit Faster Payments directly to the Faster Payments Service (FPS) central infrastructure.

It is available for payment submissions 24 hours per day#, 365 days per year inclusive of bank holidays.

DCA payments will be processed within 30 minutes and sent to the beneficiary bank.

Beneficiary banks must apply funds to money transmission accounts within 2 hours. In many cases they will do this immediately.

Payments can be made to FPS addressable sort codes (Virtually all sort codes addressable for electronic payments).

Barclays was the first bank to launch a DCA service in July 2009.# Note: Preplanned maintenance outages may occur at weekends



Potential DCA Applications Whilst the vast majority of payments will continue to be routed via the Bacs service, DCA provides an alternative where fast payment would be appreciated by the beneficiary.

•Potential applications for DCA are:-

•Contingency for late submission of Bacs payments where the value date is critical e.g. salary payments

•Weekly payroll (allowing later input of data)

•Staff expenses – minimising the time that staff are out of pocket.

•Customer service refunds where Faster Payments enables fast resolution.

•Bureaux for valued added services to their clients.

•Financial Institutions who are not members of FPS but require a FPS payments capability for their online and telephone banking services



DCA an overview



Bulk File/ SingleDebit

SinglePaymentCredited

PaymentAcceptan

ceNotificati

onAvailable

Submitting

Bank

Beneficiary

BankPaymentAcceptan

ceNotificati

onSent

Central

Infrastructure

VOCALINK

Payer

DCA Features•Direct Corporate Access is available for payment submissions 24

hours per day, 365 days per year inclusive of bank holidays. This is an industry standard applicable to all member banks using DCA.

•Customers must use approved software and many of the current Bacs software suppliers have added Faster Payments to their existing solutions.

•Barclays customers are able to use the same smartcards as they currently use with Bacstel-IP.

•Single Transaction Limit - £100,000

•Acceptance to remitter by DCA within 30 minutes

•For payments to money transmission accounts will be available within 2 hours of acceptance by DCA.

•Payments can only be made to FPS addressable sort codes. Sort codes can be checked via the UK Payments website at http://www.ukpayments.org.uk/sort_code_checker



http://www.ukpayments.org.uk/sort_code_checker

http://www.ukpayments.org.uk/sort_code_checker

Tariff Structure

•The charges for use of DCA are:-

•File Charge (This is additional to any Bacs file charge if submitting to both Bacs and FPS payments). A separate file per account debited is required.

•Transaction charge

•Automated debit charge (one per file)

•File adjustment credit (if not accepted by DCA) at automated credit rate - one per file

•There are no charges for recalls or referrals because these do not apply to DCA



Can Indirect users and Bureaux use the service?Indirect Users

•Indirect users submit their payment instructions via a bureau.

•As Barclays is aiming to be the first bank to launch, initially only Barclays’ and its agency banks’ sponsored indirect customers will be able to use DCA.

•The indirect user will need to be registered with a bureau which has been enabled by their sponsor bank to make FPS submissions.

• Indirect users should enquire first of their bureau.

Bureaux

•Barclays sponsored bureaux will be registered for the submission of FPS files.



How does DCA and Bacs differ?

There are some important differences between DCA and Bacs :-

• DCA to FPS payments are not revocable or recallable by the originator.

• DCA automatically makes a real-time electronic payment authorisation request to the customer’s sponsor bank (e.g. Barclays) to check funding. Therefore Barclays customers must have funds, overdraft or DCA limit agreed for the debit bank account.

• In the event of lack of funds, the payment file will be simultaneously debited and recredited. No other advice will be given. The file will need to be resubmitted.

• There are no charges for recalls (not possible) nor referrals (automated).



How does DCA and Bacs differ? continued

• There is no “bank grade” concept for Financial Institutions. (This is a facility for agency banks to originate transactions on behalf of their customers).

• Connections must be via the internet (VocaLink extranet connections will not work for DCA).



DCA - Strengths

•Enables highly automated processing of Faster Payments transactions

•Based upon the proven “Bacstel-IP” channel

•Well placed to integrate into existing back office accounts payable systems

•Payments secured using Smartcards or PKI Certificates

•Summary of submission available to remitters online within 30 minutes



Solution Suppliers

Solution suppliers providing DCA support are (in alphabetical order) :-

• Accountis (Fundtech)

• Barron McCann

• Bottomline and Albany

• Experian and Checkprint



Faster Payments – How will Faster Payments be reported?•Standard transaction reporting is available via BusinessMaster,

Business Internet Banking (BIB), and DirectData (daily)

•Customer statement will only contain 2 lines of 18 characters of information

•Or …

•Barclays has developed a new DirectData FPS feed using the latest ISO20022 Cash Management XML formatted files – XML data will be richer than existing data feeds

•Files created at customer configurable frequency (instead of receiving a data file at the end of the day, customers will be able to receive multiple files throughout the day – every few minutes if required)



Faster Payments – How will Faster Payments be reported?– continued

•Data Includes

•FPS equivalent Barclays to Barclays payments

•Whether original payment was Standing Order, Immediate, Future Dated or Return. (The FPS service classification system).

• Includes extended remittance information up to 140 characters (DCA doesn’t support extended remittance information).

•Date and Time stamp for FPS submission

•Qualifier Code sent by beneficiary bank (if applicable). The qualifier code for immediate payments states the timescales for the credit to be applied.



Any Questions?



Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702). Registered in England. Registered number is 1026167 with registered office at 1 Churchill Place, London E14 5HP..

corporate banking direct corporate access day month year firstname lastname tier 1 signposting is...

Documents

dca payments

dca service

minutesfor payments

electronic payments

barclays customers

fps payments capability

vast majority of payments

potential dca applications