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 ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The direct debit feature is immediately available for UK-based merchants ...

Mobile giant Three has apologised after taking 550,000 customers' direct debits early, in some cases almost four weeks before they were due. If you were hit with charges, you CAN get a refund but ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover revitalized the consumer checking landscape this week with the launch of its new, benefits-packed Cashback Debit account with user-friendly features, such ...

Households with water meters should check their bills as many firms are upping direct debits due to higher use during lockdown. And with usage over the next year likely to drop for many as ...