SmartDebit predict reasons for their increase in Direct Debit enquiries

• 

SmartDebit

The way we spend our money has change a lot in recent years. We used to predominantly use cash or write out cheques to pay for our goods, then credit and debit cards were introduced.

(PRWEB UK) 19 September 2012

SmartDebit are a Bacs approved Direct Debit Bureau renowned for their payment processing services. In recent weeks, the bureau has witnessed a substantial volume of enquiries about their automated payment collection services. In light of this, SmartDebit have announced the main reasons why an organisation may want to outsource the collection of their automated payments.

A member of the SmartDebit team explains his thoughts on the recent increase in enquiries:

“The way we spend our money has change a lot in recent years. We used to predominantly use cash or write out cheques to pay for our goods, then credit and debit cards were introduced. Now automated payments such as direct debits and standing orders are now taking over as the most preferred method of payment, which is why we have listed the main reasons why organisations want to outsource their payment collections.”

Why you may wish to employ a third party to oversee your automated payments:

•     Complete package: Bureaus offer a comprehensive end-to-end service from consultancy to implementation, account management, processing and contingency.
•     Low cost: Fewer overheads for staff to process and administer a direct debit service- and of course no need for investing in processing software.
•     Software: Like most areas of finance, there are security, software and compliancy issues you must address to be able to collect automated payments. Direct debit bureaus already own the necessary software, have strict security measures in place as well regularly update their compliancy protocols with the relevant body’s- this saves a lot of time and effort when you are outsourcing the collections.

SmartDebit™ are the UK’s leading Direct Debit service providers, specialising in payment processing services since 1998. A Bacs approved Bureau, scoring ‘Excellent’ in all five categories of the Bacs audit, and ISO 27001 compliant. Providing a complete range of services: Outsourcing; SmartDebit-Admin cloud based portal; SmartDebit-Online payer sign up; SmartDebit-API integrated solution and SmartDebit-Contingency.

PDF Print