When making a BACS Direct Debit payment, the shopper needs to enter their name, bank account number, sort code, and email address. Before they continue to pay, the shopper confirms that the account is in their name and that they agree with the payment. After the payment is received, they are given the option to download a copy of the Direct Debit Instruction (DDI) or 'mandate'. Taking the BACS processing cycle into account, it can take four to six before payment is cleared and settled.
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The financial world moves fast. Payments power the global economy, but few truly understand how it all works. That’s where we come in. At Processing News, we don’t just report on the payments industry — we’ve built it, run it, and innovated within it.
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Whether it’s new regulations, card network changes, emerging fintech, or fraud detection trends — we break it down with clarity, context, and credibility.Welcome to Processing News.Real people. Real experience. Real payments journalism.
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