Using open banking to reduce Bacs risks: Improving the Direct Debit process to reduce errors and save time
How can open banking reduce Bacs risk and improve the Direct Debit process? Read our market commentary on how open banking benefits Bacs customers by reducing common issues encountered when setting up new Direct Debit payers.
Leveraging Direct Debit gives payers a hands-off approach to process their regular payments, while giving corporates an affordable and effective way to control their collection cycle. However, the Direct Debit scheme isn’t without its shortcomings. How can open banking reduce Bacs risk and improve the Direct Debit process? Read our market commentary on how open banking benefits Bacs customers by reducing common issues encountered when setting up new Direct Debit payers.
