The Fundamentals of the Direct Debit Collection Rules

Are you up to date with the latest Direct Debit scheme rules? Many businesses are falling short of compliance, especially regarding account verification. To minimise the risk to the Direct Debit scheme of fraud and error and the potential for indemnity claims, Bacs requires that Service Users comply with the scheme rules around verification of payers. With ESG becoming more of a focus, indemnity claims can also have a huge impact on business reputation.   

This on-demand webinar with industry expert Richard Ransom and product specialists Chris Spalding and Mark Bish explain how any recent changes could impact your business. Topics include:

• What’s happening today and what the future holds
• How Confirmation of Payee impacts the scheme obligations
• The easiest way to take the first collection to account
• Direct Debit vs. Variable Recurring Payments