Automated Direct Debit Service

Our Automated Direct Debit Service is an ideal tool for business clients to automatically collect recurring or periodic, fixed or variable receivables in local currency from their customers.

If you have obtained pre-authorized written consent to withdraw funds from the deposit accounts of your consumer or business clients/payors, Automated Direct Debit Service can streamline the collection of these payment obligations on their due dates.

Invoicing and collecting paper-based payments is costly and time-consuming. This service offers benefits that increase your control over cash flow and reduce your costs.

If you want to have:

Predictable cash flow
Flexible Payment Management
Easier collection of dishonoured payments

...then Automated Direct Debit Service may be right for your business.

For this service you require written consent or an agreement with your client. If you prefer not to have contracts with your clients, then you may consider pursuing the Bill Payments Collection option.

Features and Benefits:

Convenience for you – Transactions can be done simply from desktop or mobile
Convenience for your customers – A convenient and cost-effective payment option for you to offer your customers
Reduced costs associated with manually preparing and dispatching invoices, reconciling payments and collecting NSF cheques are reduced
Control – You now have control in your hands as you initiate the payment so you don’t have to depend your customers
Timely payments – payments are collected on the due date thereby improving the predictability of cash flow
Improved Security – Files are sent securely and no need to handle cash and cheques
Save on property costs – No need to set up physical locations to collect payments
Efficiency – Say goodbye to the following activities:

Opening incoming mail and comparing cheques to invoices
Listing and balancing cheques for deposit
Preparing and delivering a deposit slip to the bank
Reconciling the deposit to the bank statement

Collect payments from multiple customers by submitting just one file
Reduce errors – less chance of errors occurring once files are automated
Reduce Fraud – less chance of incurring fraudulent items (forged, lost or stolen)