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 ...

Households in the UK are being hit by a triple whammy of high inflation, rising interest rates and soaring energy costs. As a result, banks are seeing thousands of customers stopping direct debits for ...

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 ...