Consigning Paper Payments to History

Leybourne, Georgia
January 2006
Credit Control;2006, Vol. 27 Issue 1, p18
Trade Publication
The article focuses on the importance of the adoption of Direct Debit, a system of paper-based payments by businesses in Great Britain. Businesses should adopt the Direct debit to address the challenges of remaining to be competitive against cheaper and increasingly global competition. Direct Debit can reduce administrative overhead, improve cash flow and strengthen customer relations. The Direct Debit payment system is automatically credited into the account and updates ledgers accordingly.


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