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Pay and get paid from UK businesses

Bank transfers

Zai’s solution enables your business to connect to the following electronic bank to bank transfer systems in the UK:

  • Faster Payments Service (FPS)
  • Bankers' Automated Clearing Services (Bacs)
  • Clearing House Automated Payments System (CHAPS)
Customer making a bill payment by BPAY
API automation

Integration

Despite being legacy infrastructure, the UK banking ecosystem is robust and reliable. Zai’s API integrates seamlessly with each of these systems, allowing businesses to automate their payments reducing administration, errors and costs. Each system comes with its own advantages, typically depending on the value of the payment and the speed of the transaction.

User looking at phone after receiving a notification after making a bill payment by BPAY
What is Bacs payment?

Bacs

Bacs is a reliable and trusted system for UK businesses to make high-volume, regular payments such as salaries and bills. Zai’s API automates this, making it effortless, and allowing businesses to schedule and accept direct debits from customer accounts with costs.

  • Make it easy for customers to pay
  • Low fees for businesses, free for individuals
  • Integrates easily with accounting/payroll software - ideal for bulk payments.
  • Clear funds within one to three business days.
Customer using her mobile phone to make a bill payment by BPAY to utility companies
What is CHAPS payment?

CHAPS

The Zai solution integrates with CHAPS to provide same-day clearing, allowing businesses to collect high-value transactions almost instantly, providing instructions are received before the specified cut-off time. Ideal for large one-off payments, such as property purchases. 

  • Fast and reliable
  • Same day payment guaranteed, if instruction received before 14:00 on a business day
  • Typically no minimum or maximum payment limit
User looking at phone after receiving a notification after making a bill payment by BPAY
What is FPS payment?

FPS

Connect to the UK's newest payment system with Zai to receive instant high-volume, low-value payments, 24/7. Transactions are carried out easily online or via banking apps making payments more efficient. Our API expertise powers your payment workflow enabling fast authentication, liquidity, payment and settlement.

  • Ideal for online and mobile banking apps
  • Capped at £250,000 (banks usually set lower limits)
  • 24/7 service
  • No fees for individuals
Customer using her mobile phone to make a bill payment by BPAY to utility companies

More power for your payments

Find out how Zai’s best-in-class, API-driven solution can help your business get more from the UK’s payment systems.

Contact Sales