Helping Utilities to collect failed Direct Debit using Open Banking

Overview

An interactive webinar giving you the opportunity to engage with our experts as they demonstrate new ways to collect failed Direct Debits using Open Banking.

Summary

With evolving customer demands and a volatile economy, the Utilities sector is under pressure to ensure that payment collection effectiveness is predictable and stable. Direct Debit (DD) is the favoured payment method in Utilities. And with DD failures and cancellations increasing, this is a concern across industry.

In this interactive webinar, our experts will introduce you to one of our newest payment solutions, Pay Direct, that is an ideal secondary payment method and would complement your existing collection process. Pay Direct is powered by Open Banking and helps you to collect push account-to-account (A2A) payments at scale.

Don’t miss out on this opportunity to see how you could incorporate Pay Direct into your collections strategy and take back control of failed Direct Debits.

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Business Benefits of Pay Direct

Cost-effective alternative to card payments

Usable at scale

Speed up payment reconciliation

Reduced likelihood of charge backs

Customer Benefits

Simple to use

Zero risk of incorrect payment amount being taken

No sensitive data shared with merchant

More secure payment method than card alone