An instruction to a bank to allow money to be withdrawn from an account by someone other than the account holder. This is usually used to pay bills, and the amount withdrawn can vary with each payment ...

In the world of recurring payments, subscriptions, monthly premiums and collections there are generally two schools of thought: 1) Direct Debit is a tried and tested payment method, it’s low cost and ...

Last week, when guest speaking on a webinar, I was posed with the question, “Direct Debit has been around for a while, but we’re seeing new uptake and new popularity. So, why is it making a comeback ...

According to the Bank for International Settlements (BIS,) a direct debit is a preauthorized debit on a payer’s bank account initiated by the payee. It is also known as a pre-authorized debit (PAD) or ...