Get paid while you sleep with Direct Debit. The UK's most popular and trusted method of paying bills, with 80% of households having at least one Direct Debit in place.
Elexon has now significantly improved how payment and collections are made, with them seeing a 40% increase in Direct Debits collections without any change in their resourcing.
ELEXON are trusted, independent and reliable market experts that compare how much electricity generators and suppliers say they will produce or consume with actual volumes. It works out a price for the difference and transfers funds. With annual payments totaling 1.5 Billion pounds, they required a robust and secure payment technology to deal with such high-value payments.
Following a recommendation from their bank, Elexon implemented the PTX payments and Business solution suite.
Read the customer success story to discover how PTX has allowed Elexon to:
Meet payment and settlement utility industry obligations
Secure the end-to-end lifecycle for high-value payments
Minimise the risk of fraud or error
Safeguard against system failures
“By streamlining the Direct Debit process, we have been able to increase the number of Direct Debit collections by 40% without any change in our resourcing." Darren Draper | Finance Systems and Operations Manager | Elexon
Independent Living Fund Scotland is a Scottish Government Public Body and when changes in Bacs security meant an upgrade was required to their on-premise payment system, some new thinking took place.
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