API Console

Swagger | Microservice

Executive Summary

Fulfils a direct debit agreement.  Handles the creditor side of direct debits.

Examples of Use

Example of use:A corporate customer submits a batch of direct debit instructions for customers with accounts held at the bank

Role Definition

This service domain processes the creditor side of direct debit processing. Typically a creditor will submit a batch of direct debit requests. The process checks the required service mandates are in place and initiates the payment processing. It tracks payment and reports on completion or other processing issues that might arise (such as insufficient funds available).

Related Business Scenarios

Core Business Object

Direct Debit Instruction

Key Features

  • Confirm direct debit mandates are in place
  • Confirm funds available
  • Initiate direct debit payment
  • Track direct debit (include customer acceptance if required)
  • Report on direct debit processing