Households in the UK are being hit by a triple whammy of high inflation, rising interest rates and soaring energy costs. As a result, banks are seeing thousands of customers stopping direct debits for ...

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 ...

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 ...

In the world of recurring payments, subscriptions, monthly premiums and collections there are generally two schools of thought: 1) Direct Debit is a tried and tested payment method, it’s low cost and ...

GoCardless has worked with TransferWise to create a network that enables businesses of all sizes to take direct debit payments in different currencies, with no hidden costs and no need for a bank ...