Direct Debit Portal is designed to maintain a Direct Debit / On-line Lending system which allows many clients to collect payments from their customers.
- DD Portal is hosted by the Service Provider.
- Authorised Clients can register Customers.
- They submit Payment requests for each Customer.
- System generates Payment Plans.
- Based on those backend jobs raise costs due.
- Collect Payments procedure generates ABA file with payments.
- Rejecting ABA files could be uploaded to the system.
- When payment is not rejected Clear Payments job marks them as successful.
- Backend jobs raise Costs which will be covered by Direct Credit payments to Clients.
- End to End On-line Lending System.