Debit Order News

May 17, 2017

Debit order goes paperless with electronic mandates

While sales are the muscles of a business, cash flow is the heart and lifeblood. Good cash flow is not something that happens overnight. Which means it is left to the business owner to implement procedures within the business...

Apr 20, 2016

Authenticated Collections overview

Direct Debit has received numerous requests from NAEDO Users regarding the new Authenticated Collections (AC) system and we would like to give you a brief overview of how the system will work in future. Should you have any queries regarding...

Apr 20, 2016

Update on the status of Authenticated Collections (AC)

South Africa is the only country in the world that has implemented the he Early Debit Order (EDO) collection system. The EDO system consists of both the AEDO and NAEDO payment streams and have been in existence since 2006...

Apr 20, 2016

Authenticated Collection in South Africa

The New Way To Collect South Africa is the only country in the world that has implemented the he Early Debit Order (EDO) collection system. The EDO system consists of both the AEDO and NAEDO payment streams and have...

Jul 24, 2015

New Authenticated Collection (AC) Solution

Why Authenticated Collections? The South African Reserve Bank (SARB) has instructed the banks to develop a new industry solution, now called Authenticated Collections which will require collectors to submit their mandates to their customers for authentication using the latest...

Jun 12, 2015

Major benefits of using debit order collection for your business

Starting a new business can have many new obstacles to overcome. One of these obstacles include collecting money owed by customers at month end. It can be surprising to new business owners how demanding, complicated and frustrating the process...

May 25, 2015

Debit order mandates explained

Due to the increasing number of debit order fraud cases, South African debit order companies have been instructed to comply with PASA’s rules relating to proper authorisation of debit order instructions to debit their customer’s accounts. Let us start...

Feb 5, 2015

Debit order collection integration options

Direct Debit are the industry leaders in debit order collections in South Africa. Whether you are looking for an EFT or NAEDO debit order facility, debits to credit cards, Account Verification Services (AVS) or even an easier way to...

Sep 5, 2014

Debit order systems that simplify business processes

Direct Debit is a debit order collection company that provides comprehensive billing solutions to businesses of all sizes who are looking for a direct and professional collection channel. Direct Debit provides clients with a direct debit order facility at...

Jun 19, 2014

Accounting principles when dealing with debit order collections

The concept of a debit order service provider collecting funds into another bank account and then releasing/paying out the funds to your organisation’s account might be quite a strange concept to grasp for many bookkeepers and accountants in the...

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