Read our latest newsletter, blogs, articles and opinions about all the issues within the world of Direct Debit and Direct Credit.
Do you know your customer? Direct Debit fraud … really? Yes, it is possible. While Direct Debit fraud is much rarer than, for example, credit card fraud, it does exist and, for those who collect Direct Debits (Service Users), reducing risk in collections is...
Bacs Over the Christmas holidays, I purchased a gift of a magazine subscription for a family member. It was gratefully received and we were both happy. Afterwards, however, when I received a confirmation letter with details of my Direct Debit payment schedule, I...
What is a Direct Debit Instruction? A Direct Debit Instruction (DDI) is the authority given by the Payer to enable an organisation to collect Direct Debits from their (the Payer’s) account. This DDI can be collected using a paper form that the Payer signs and...
ID checking is required for any organisation using Paperless Direct Debit (PDD) sign up. The Service User’s Guide and Rules to the Direct Debit Scheme (Section 16.3) states: “Prior to the origination of any Direct Debits the Service User must verify the identity...
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