Fintech Unicorn and stealth bank Transferwise announced on Tuesday it is now introducing GBP and EUR direct debits. Through the new feature, users may now set up Direct Debits to pay bills and ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The direct debit feature is immediately available for UK-based merchants ...

Criminals are using artificial intelligence to clone people’s voices and set up unauthorised direct debits over the phone, National Trading Standards (NTS) has warned. Fraudsters begin the process by ...

According to the Bank for International Settlements (BIS,) a direct debit is a preauthorized debit on a payer’s bank account initiated by the payee. It is also known as a pre-authorized debit (PAD) or ...

Energy regulator Ofgem has ordered energy firms to improve how they set direct debits, after a review found a range of failings, with 100,000s of customers on standard variable tariffs seeing their ...

Consumer confidence has taken a knock, according to new research. Cancelling unwanted direct debits could add thousands to Brits’ pension pots, as more people look to rein in unnecessary spending to ...

Last week, when guest speaking on a webinar, I was posed with the question, “Direct Debit has been around for a while, but we’re seeing new uptake and new popularity. So, why is it making a comeback ...

Customers who are with British Gas, Octopus Energy and Shell Energy reported the increase. Britons who are with British Gas, Octopus Energy and Shell Energy said their direct debits have doubled since ...

Households with water meters should check their bills as many firms are upping direct debits due to higher use during lockdown. And with usage over the next year likely to drop for many as ...