March 2018 - DFC: Revenue Management Solutions Provider and DD Collection

The implications of GDPR on the Direct Debit industry

GDPR. It was nowhere and then suddenly it was everywhere. The buzzword at the front of business professional’s tongues for the past year. As such, industries have been forced to become stricter on how they store and use personal data. But what impact will this have on companies collecting Direct Debits and bureaus hired to […]

March 2018 - DFC: Revenue Management Solutions Provider and DD Collection

Making sense of Direct Debit acronyms – a guide to BACS, AUDDIS ADDACS and more

Ever looked at Direct Debit documentation and been confused by all the financial jargon in it? You’re not alone. Below, we break down some of this puzzling terminology in more detail:   Bacs Before rebranding to Bacs Payments Ltd, Bacs stood for ‘Bankers Automated Clearing Service.’ Despite the name change, the organisation’s purpose has remained […]

March 2018 - DFC: Revenue Management Solutions Provider and DD Collection

Inactive Direct Debits

It’s important to keep a check on your Direct Debits for several reasons, but the dormancy rule is arguably one of the most significant of these. This is the rule that stipulates that a Direct Debit instruction will be removed from a banker’s system after 13 months (typically) of inactivity.   What is the dormancy […]