Structures of Direct Debit Service

LONDON - June 25, 2013 - PRLog -- It is not surprising to know that 70 percent of the adults in UK prefer going for direct Debit Service. This is because the service has been highly revolutionized in the last couple of decades which have brought about an overall growth in the big scale industry. The entire process of hand to hand transaction does not exist anymore. The dependence on this kind of service is so high that any kind of monetary transaction whether be a t the individual level or for big business transaction, cannot be thought of without the technology of Direct Debit Software. Different bank and saving companies has different types of Direct Debit Service offered.

Types of Direct Debit Service:

Automated Direct Debit Instruction Service (AUDDIS)

This is the most popular and basic form of direct debit service. Under this service the payer can send instructions to the customer service of the bank through the electronic medium that is through the internet. The reason for its popularity is due to the fact that there are no paper formalities that the payer has to go through which actually leaves less room for mistakes and errors.

Automated Direct Debit Amendment and Cancellation Service (ADDACS)

In this kind of direct debit service amendments and cancellation of any instructions can be done with ease and in very less time. Moreover this saves a lot of money as well. This again is a process that reduces the chances of error.

Automated Return of Unpaid Direct Debits Service (ARUDD)
In this kind of service the bank has a key role to play. It is a direct debit software measure where in case there are unpaid debt payments, the money automatically reverts back to the account of the payer.

Accesspay announced the launch of their Direct Debits Service, offering security and compliance to the highest standards. Direct Debits Service allows the electronic processing of financial transactions; including direct credit, direct debit and AUDDIS.

For More Information Please Contact Us:

AccessPay

CEC Winchester - Crawford Place,
259-269 Old Marylebone Rd,
London
NW1 5RA
United Kingdom
Email: info@accesspay.com
Phone: +44 (0) 203 282 7152