Fintech SumUp says it has launched direct debits for UK merchants. According to a company statement the service is now available for merchants that have a Business Account with SumUp. The SumIUp ...

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 ...

Returned Direct Debits can be frustrating and costly to small businesses. Find out why they happen, and how to prevent them from impacting your bottom line. Collecting customer payments via Direct ...

Octopus Energy customers are now able to get their account credit back faster because of a new tie-up with fintech company ...

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 ...

LONDON, Feb 15 (Reuters) - The share of failed direct debit bill payments in Britain rose last month to its highest since at least January 2019 when data collection began, figures from the Office for ...

Martin Lewis has highlighted an important distinction that people with a UK bank card should know. The Money Saving Expert founder spoke about the crucial difference between recurring payments and ...

Nationwide Building Society has explained its rules after a customer raised a question about updating their direct debits. They posed the query as they had just received a new bank card, as their old ...

On average, direct debit levels for people on standard tariffs increased by 62%, but 8% (around 500,000 households) saw direct debits double. It also found evidence that some suppliers' processes are ...

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...

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 ...