As the SRA considers additional measures following its Consumer Protection Review one area likely to be closely examined is client fund management, making it vital that law firms are confident in the compliance and security of their processes.
We developed X-Press Pay inhouse to enable conveyancers to safely streamline client fund management. By simplifying administration, enhancing visibility and ensuring cyber security throughout every transaction, X-Press Pay benefits both conveyancers and consumers.
X-Press Pay enables homebuyers to pay directly for property searches using debit, credit cards or Open Banking. Indeed, we are also the first company within the legal sector to partner with UK based Ordo which uses Open Banking technology. Ordo initiates account to account payments directly from consumers own online banking apps, so they can transfer funds securely without the need to enter bank or card details.
X-Press Pay also eliminates the need for conveyancers to add VAT to disbursements on their invoices. Tried and tested, it has already safely completed payments totalling almost £3 million.
The system is available for free to all X-Press clients via our cyber secure Intelligent Conveyancing Online System (ICOS).
For a free no obligation demonstration, simply contact your local office.