The UAE Central Bank said yesterday the registration of the banks and finance companies into the ‘Direct Debit System’ has been completed and all banks and finance companies are now ready to embark on ...

ABTA will launch a replacement version of its Single Payment System to members later this year. The technology has been developed by Travel Ledger. The direct debit system allows fast online payments ...

The House of Representatives has resolved to initiate a workable strategic plan to enhance the efficient payment of monthly utility bills of all Ministries, Departments and Agencies by establishing a ...

DUBAI, April 9 (Reuters) - The United Arab Emirates central bank said on Tuesday it was introducing a direct debit system for commercial banks, a step which could ease a major problem for foreign ...

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 ...

THE Bangko Sentral ng Pilipinas (BSP) will roll out an interoperable auto-debit facility this year to allow bank clients to automatically pay bills even if their accounts and billers are in different ...

Money Saving Expert Martin Lewis is urging individuals who pay their energy bills via Direct Debit to take immediate action. According to Lewis, many customers may be unknowingly sitting on excess ...