Read our latest newsletter, blogs, articles and opinions about all the issues within the world of Direct Debit and Direct Credit.
When you operate a Paperless Direct Debit (PDD) system, a modulus check is mandatory at the point of customer sign-up. For users of both AUDDIS (Automated Direct Debit Instruction Service) and paper-based Direct Debit systems, it is highly recommended at the point...
2020. For Bacs Direct Debit Service Users, it was a busy year. There were several Direct Debit rule changes and various challenges – not least the changes to working practices and Payer behaviour brought about by COVID-19. Here’s our rundown of what...
Recently we have seen an increase in the number of organisations contacting us because they want to introduce Paperless Direct Debits (PDD). The Covid-19 lockdown has highlighted the difficulties inherent with a paper-based system. As offices and mail houses have...
Is your organisation performing KYC checks and modulus checks? Do you know the Scheme rules that apply to them and why they are important? KYC checks and modulus checks KYC checks What is KYC? KYC stands for Know Your Customer and refers to the checks that Service...
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