The software, which is compliant to BACS new online BACSTEL-IP system, will provide BA with faster reporting and tighter control over its electronic transactions.
Jeff Gager, systems development manager at BA Pensions Services Limited, said: 'The key driver for the implementation of ALBACS-IP was the 2005 deadline for moving across to the new BACS infrastructure. We were very keen to achieve compliance at an early stage in order to order to avoid a last-minute rush as the deadline approaches.'
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