(MENAFN- Mid-East Info) Financing milestone marks one year of collaboration between the two platforms Direct Debit System (DDS), the fintech platform for automated collections, licensed by UAE Central ...

Dubai, United Arab Emirates: Further to the earlier communication in April 2013, The Central Bank of UAE announced that the registration of the Banks & Finance companies into the 'Direct Debit System' ...

DUBAI, 1st October, 2013 (WAM) -- Further to an earlier communication in April this year, the Central Bank of the UAE has announced that registration of banks and finance companies into the direct ...

A timeline has been set by the Central Bank and all banks, finance and investment companies must be fully prepared to go live according to given deadlines. The facility is designed to eliminate the ...

DUBAI, April 9 (Reuters) - The United Arab Emirates central bank said on Tuesday it was introducing a direct debit system for commercial banks, a step which could ease a major problem for foreign ...

ABTA will launch a replacement version of its Single Payment System to members later this year. The technology has been developed by Travel Ledger. The direct debit system allows fast online payments ...

The House of Representatives has resolved to initiate a workable strategic plan to enhance the efficient payment of monthly utility bills of all Ministries, Departments and Agencies by establishing a ...

SIA, the Italian leading provider of IT services and solutions for the national and international financial industry, renews its partnership with EBA Clearing for the design and development of the ...

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...

Energy giant Eon has reformed its direct debit system to stop customers being hit with huge hikes in their monthly payments. The firm had come under pressure from lobby group Consumer Focus and was ...

The new initiative will root-out inefficiency in the payment system, where back office staff do the posting of cheques manually. In the second phase to be started very soon, the DDP would be expanded ...