This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The direct debit feature is immediately available for UK-based merchants ...

According to the Bank for International Settlements (BIS,) a direct debit is a preauthorized debit on a payer’s bank account initiated by the payee. It is also known as a pre-authorized debit (PAD) or ...

Monese, the London-based fintech startup that offers a mobile banking app and current account, continues to fill in missing features that might otherwise stop it from replacing your bank altogether.

cash ISAs: an Individual Savings Account (or ISA) is a tax-free savings vehicle. You can save up to £20,000 in the current ...

It is commonly accepted that criminals react very quickly to newly-introduced security measures. Perhaps it is not surprising that as new fraud prevention technologies such as Chip and PIN and ...

Households in the UK are being hit by a triple whammy of high inflation, rising interest rates and soaring energy costs. As a result, banks are seeing thousands of customers stopping direct debits for ...

Fintech startup Revolut is adding a key feature for users who want to replace their traditional bank account altogether. You can now pay with GBP direct debits. Revolut already added EUR direct debits ...

Customers of the small energy supplier Iresa have vented their anger over unexpected increases to their monthly direct debits – with some seeing what they pay rise despite their account already being ...

Digital bank Revolut is now offering direct debits for UK accounts. Customers with UK accounts may now set up GBP direct debits to pay for items such as club memberships or utility fees. Revolut adds ...