Increase your revenue by cutting Direct Debit failure by 18%
Ensure you capture the customer’s correct bank details with our Authenticated Mandates feature.
Improve the customer experience and reduce your risk.
The easy way to capture e-Mandates by leveraging the power of Open Banking
The average consumer had six Direct Debits with 4.6 billion transactions processed in 2021 in the UK and 23.2 Billion within the Eurozone.
Traditional methods of signing customers up to Direct Debits come with a host of pain points, which can now be overcome by harnessing Open Banking.
This can be added to existing Direct Debit processes, all you need to do is move your e-Mandate management process to us.
Solve pain-points and take advantage of the benefits of Authenticated Mandates
Reduce your checkout abandonment and increase your conversions
Collect the first instalment via Instant Pay by Bank– all via one seamless customer experience
Fast, frictionless and error-proof sign–up process for your customers
How does it work?
1. Embed Authenticated Mandates – online or within an app in your subscription / recurring payments journey
2. Customer signs up for your service – enters their details and you provide an option to pay a first installment
4. Customer and you are notified – instant notifications via email or you can view via our back-office portal