Aside from admin time, re-processing failed payments can incur bank charges each time. Avoid this cost by validating bank details at the point of entry.
Failed direct debit payments cause delays and disruptions in the service you provide to your customers. Avoid this unnecessary frustration.
It’s easy to make mistakes when taking down bank account details. Validate employee details early, to avoid delayed wages and frustration.
Validate payment details online or over the phone when customers sign up to a subscription based service. Ideal for magazine subscriptions, charity donations or entertainment memberships. Banks recommend that organisations verify customer details when using Paperless Direct Debit.
Check bank details from new staff members when they join or update account information to avoid BACS errors on payday.
Ideal for large organisations where chasing salary payment issues is time consuming.