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SHA-2 Bacs Migration: The what, why & when…

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You may have received an email from Bacs informing you of a ‘Notice of forthcoming Bacs communications on SHA-2 Migration‘. We have detailed below the what, why & when of the SHA-2 Bacs Migration but firstly, let us stress that if you are a Rapidata Client, there is nothing you need to do – which is good news! For non-Rapidata clients, is now a good time to review outsourcing your Direct Debit processing?

What is SHA-2?

Internet security has and will continue to move on and as a result this will affect how you transmit securely to Bacs. There has been a new and more sophisticated level of internet security being adopted by the likes of Microsoft and Google and you will hear this new security referred to as “SHA-2”.

Why?

For direct or indirect submitters to Bacs, this new security must be accommodated to ensure your can securely transit to Bacs and access reports. This change is also being made by the Internet community and as such Bacs will be withdrawing support for older connection protocols to ensure the pipeline between the Service Users or Bureaux is even more protected.

When?

After 1st June 2016, it will not be possible to access Bacs via Bacstel-IP or the Payment Services Website if you have not upgraded your web browser, operating system and software. Rapidata has been aware of these changes and are working with our provider to ensure the new updates are in place well ahead of the times given by Bacs to ensure no interruption to our Direct Debit service.

Don’t Panic!

Bacs will be communicating to all Service Users over the coming months what they need to do and any questions can always be directed to your Bacs Team at your Bank or if a client of Rapidata, to your Account Manager.

For further information, please visit the Bacs website: http://www.bacs.co.uk/sha-2

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Posted by Scott Gray on 20/05/2015 within Bacs, Direct Debit
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