Direct Debit is a fully automated payment type that moves money from one bank account to another on a recurring basis. This electronic transfer and collection of money through the banking system is run by Bacs in the UK and is closely regulated for security and fraud prevention.

A business can access the Direct Debit scheme either directly, by becoming a Direct Debit originator or indirectly, through a third-party specialist provider.

Latest News

ADDACS – What’s it All About?

ADDACS stands for Automated Direct Debit Amendment and Cancellation Service and is used by payment service providers to notify service users if amendments are made to a customer’s Direct Debit Instruction (DDI). How does ADDACS work? Using ADDACS advices, any […]

How the End of Furlough Will Affect your Payroll

As furlough comes to an end, the crucial question for business is, what does this mean for your payroll? 2020 saw many unusual occurrences following the emergence of Covid-19. Here in the UK, the term “furlough” became a frequently used […]

How to Calculate the Break-Even Point

For businesses, the break even point is a crucial element of any financial assessment. To ensure your business is on track with it’s finances, it’s imperative that the break-even point is calculated accurately and taken into account of the overall […]

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    How to Calculate the Break-Even Point
    2021-09-10T11:12:13+00:00
    mfmadmin