May 14, 2019
What is a Direct Debit Instruction? A Direct Debit Instruction (DDI) is authorisation by a payer to their bank for funds to be withdrawn from their account to pay a service user (a business, or rarely an individual). …
Apr 16, 2019
Direct Debit is the preferred payment method for two-thirds of the country’s bill-paying population. Safer than cash, cheaper than cheques and giving control over when funds are collected, Direct Debit is a no-brainer for companies and consumers alike. Since Direct…
Apr 09, 2019
It can sometimes be difficult to understand why a company which processes Direct Debit payments such as SmartDebit is needed. As a consumer you’re probably aware of Direct Debit; you may pay your Council Tax bill or your utilities using…
Technological innovation coupled with a surge in online shopping is changing the payments sector, exposing banks to fresh competition and consumers to greater security threats. In 2017 alone, unauthorised financial fraud amounted to a huge £732 million. This has prompted…
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