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.
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 credits from customer accounts with costs.
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.
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.
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