Read our latest newsletter, blogs, articles and opinions about all the issues within the world of Direct Debit and Direct Credit.
Bacs have issued new Direct Debit Scheme rule updates Version 5.3. January 2020. Article by Sarah Cottee. Training Manager. There are new Direct Debit Scheme Rule Updates which will take effect from January 2020. As a Direct Debit Service user, you have a...
Answer: YES! And, one-off Direct Debits offer numerous advantages for all parties! Blog by Michael Nwadinobi. Direct Debits are one of the most common methods of payments in the UK with Bacs processing 6.4 billion transactions in 2018 with a value of...
Have you considered your Direct Debit resilience? Have you reviewed the risks and considered if you are too reliant on one or two key people? At a recent regional Direct Debit training course, 3 attendees (out of 9) expressed a concern that their Direct Debit...
Providing Advance Notice is a key cornerstone of the Direct Debit Scheme and an important responsibility for the Service User. Failure to comply with scheme rules regarding Advance notice could result in failed collections and refunds (e.g. if the payer doesn't have...
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