Read our latest newsletter, blogs, articles and opinions about all the issues within the world of Direct Debit and Direct Credit.
With the huge rise in the use of technology in all aspects of our lives, many people now make many payments over the telephone or online. With this constant exchange of sensitive information, it’s understandable that people have become increasingly concerned about...
The latest Service User Guide and Rules to the Direct Debit scheme (SUG&R v4.1) has clarified what is and is not provided by modulus checking. Modulus checking describes the ability to check that a bank account number and sort-code are accurate. It does...
KYC (Know Your Customer) checks are a mandatory requirement for any Paperless Direct Debit process, (i.e. where there is no paper Direct Debit Instruction (DDI) to be signed). Does a Service User – the organisation collecting payments by Direct Debit (DD) – need...
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...
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