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 ...

Martin Lewis has urged people to check their direct debits and other regular payments to make sure they're not paying over the odds for something they no longer need or use. His warning comes after a ...

Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, said there was no basis for fears that banks ...

Households with water meters should check their bills as many firms are upping direct debits due to higher use during lockdown. And with usage over the next year likely to drop for many as ...