Direct Debit Authorization

Direct Debit Authorization

From the Customer Overview page, select “Direct Debit Authorization” from the menu.  This links a Billing Organization’s account to the customer’s account, authorizing the bank to automatically deduct the bill amount from the customer’s account and credit this same amount to the billing organizations account.  In Singapore, another name for this banking service is called “GIRO”.  Once a month, the billing organization will send a batch of direct debit instructions (to debit their customer’s account for the bill amount) via a clearing house.  The clearing house then sorts the instructions by bank, and sends the batch to the respective banks for processing.

Figure 3.15 – View Transaction History

Created with the Personal Edition of HelpNDoc: Benefits of a Help Authoring Tool