Monthly Archives: November 2020
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What is direct debit and how does CBN fees on failed transactions affect you? • Techpoint Africa
Credit card on a computer keyboard The Central Bank of Nigeria has imposed a fee on failed direct debit transactions for each account holder in Nigeria. ... -
Companies urged to act on Brexit direct debit changes
Businesses and other organizations here that use a UK-based payment service provider to process direct debits are urged to verify that they are ready for the ... -
Bank customers now have to pay for failed direct debit transactions
Bank customers will now pay fees for failed direct debit transactions. According to the Guide to Charges by Banks, other financial and non-financial institutions published by ... -
Expanding customer payment options: a response to the pandemic but a lasting trend
As the COVID-19 pandemic began as – and remains – a health crisis, the financial effects quickly followed for utility customers. For many, shelter-in-place orders limited ... -
Debit cancellations fell to an all-time high this summer, figures show
The cancellation of direct debit donations to UK charities fell to an all-time high over the summer, new figures show. Data from charity payment company Rapidata, ... -
SLC urges clients to join direct debit program at the end of their student loan
In an effort to combat overpayments, the Student Loans Company urges customers to switch to direct debit in the final months of their student loan payment ... -
Customer payment details stolen in JM Bullion hack
Hackers have recovered personal information and payment details from customers who made purchases from precious metals trader JM Bullion in a cyberattack that lasted six months ...
