01 October 2013 All banks and finance companies are now ready to embark on to the first phase of the UAE direct debit system starting October 5.In April, the Central Bank of the UAE announced that the ...

DUBAI, 1st October, 2013 (WAM) -- Further to an earlier communication in April this year, the Central Bank of the UAE has announced that registration of banks and finance companies into the direct ...

GoCardless, a Y-Combinator alum that has created a simple way for online businesses to set up and accept direct debit payments (that is, money that comes straight out of your bank account), is today ...

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 ...

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 new initiative will root-out inefficiency in the payment system, where back office staff do the posting of cheques manually. In the second phase to be started very soon, the DDP would be expanded ...

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 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 ...

SIA, the Italian leading provider of IT services and solutions for the national and international financial industry, renews its partnership with EBA Clearing for the design and development of the ...

FRANKFURT, Oct 22 (Reuters) - The European Central Bank has admitted a key deadline in a new pan-European direct debit system will not be met and has called for stronger legal involvement to ...

Energy bills are rising for everybody and, even with the Government’s Energy Bill Support Scheme and Energy Price Guarantee in place, households are feeling the strain on their everyday finances. To ...