Since the first Direct Debit was presented in 1970, this form of payment has become ever more popular. 2013 was a record year for Direct Debit. More than 3.5 billion transactions were made with a total value of £1.1 trillion.
Despite these spectacular figures, however, lots of businesses still don't use Direct Debit. Luisa Grey, a Director at leading Direct Debit processing company, Eazipay Ltd, has some theories as to why this might be.
It was top marks all round for five of our Direct Debit team recently as they each received First Class Passes in their City & Guilds courses.
Eazipay’s Carl Ryan, one of our expert Direct Debit Administrators, has just returned from a yearlong adventure, which took in many of the wonders of the wild west of Asia and Australia.
UK SMEs will welcome new data from the Federation of Small Businesses (FSB) and its call for Government to strengthen the Prompt Payment Code to make it easier for firms to take action against the scourge of late payments.
That's the view from Eazipay Ltd, the UK's largest Direct Debit processing company, which set-up an online e-petition in 2013 calling on the government to take much firmer action to help small businesses get paid on time.
The UK's Direct Debit schemes will not be affected by the introduction of the Single Euro Payments Area Direct Debit system next month (1 February 2014).