Payment Services
Operational resilience, efficiency and visibility
Processing a wide range of payments while keeping pace with rapid advances in technology, software and capital investment can be challenging. And with increasing fraud sophistication and a changing regulatory landscape, the consequence of any mistake can be severe. With over 50 years’ experience, we deliver robust payment services that enhance operational resilience, efficiency and financial visibility.
Payment Services at a Glance
Optimising payments
Cheque processing outsourcing
Cheques remain a vital payment method for many businesses and their customers. However, the investment in automated systems and technology required for efficient processing can become a major burden. Dealing with fraud, security regulations, rejections and queries also means compliance and cost-effectiveness are becoming more challenging.
We provide a secure, end-to-end cheque processing solution, starting with early extraction from Royal Mail locations, lockboxes or multiple PO boxes. Our clients know they can rely on our investment and innovation to handle any changes in volumes or industry needs in the future, while delivering real efficiency and added value.
We process 40m cheques each year to the value of £15bn on behalf of major financial institutions, utilities, telecom companies, councils, charities and insurance providers.
Payment resilience through enhanced Bacs bureau
Bacs Direct Debit and credit
Managing Bacs payments can be complex, with organisations often facing input errors, missed deadlines, fraud risk and increasing compliance demands. This becomes particularly visible during payroll or supplier payment runs, where incorrect bank details or manual rework can delay payments and undermine employee or supplier confidence.
Our end-to-end Bacs bureau covers Direct Debit, credit and contingency processing. We validate account details, handle exceptions expertly and minimise manual effort, reducing errors and supporting faster settlement when required.
Through stronger controls, improved cashflow visibility and reduced administrative overheads, we help you achieve a more reliable payments process.
High volume banking and thanking
Charities and donations processing
We understand how important every penny is for a charity or organisation reliant on donations. That’s why good charity payment processing and response handling is so critical.
We provide charities with a quicker, cost-effective payment processing and response handling solution. Our high-volume banking and thanking services, alongside our Gift Aid digitisation capabilities, maximise donations, funds and cashflow while keeping you fully HMRC compliant.
Contact Us
Want to find out more?
Our team is here to help. Get in touch with a Paragon expert today to discuss your specific needs and explore how we can empower your customer interactions.
