From technical guides to the latest industry news, our Knowledge Hub is bursting with the very latest talking points in direct debit management and Bacs solutions. Read on to find out more about the world of business finance.
Technical Guides
Discover in-depth technical guides designed to help you navigate the complexities of direct debit management. Our guides cover a wide range of topics, ensuring you have the knowledge needed to optimise your payment solutions.
Stay updated with the latest news in the industry. Our articles provide insights into current trends, regulatory changes, and technological advancements affecting direct debit and Bacs solutions.
Payroll bureaus often have to deal with significant volumes of Bacs p...
FAQ’s
Our Frequently Asked Questions section addresses common queries about direct debits and Bacs payment solutions. Find answers to your questions here. For more detailed answers and additional questions, visit our full FAQ section.
A Direct Debit is an instruction from a customer to their bank authorising an organisation to collect varying amounts from their account. This method is commonly used for regular payments such as bills and subscriptions.
What is the difference between a Standing Order and a Direct Debit?
A Standing Order is set up by an individual to pay a fixed amount to another account regularly. A Direct Debit, however, is set up by a company, allowing them to collect varying amounts from the customer's account, provided they notify the customer of any changes.
How do I go about collecting Direct Debits?
Collecting Direct Debits involves setting up a Service User Number (SUN), getting customers to fill out Direct Debit Mandates, and using Bacs-approved software to manage the collections. Interbacs offers comprehensive solutions to facilitate this process.
