Difference between EFT, NAEDO, AC & Card Collections [Direct Debit Documentation]

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====== Difference between EFT, NAEDO, AC & Card Collections ======


|<100% 20% 20% 20% 20% 20% >|
^            ^   EFT Debit Order   ^   NAEDO Debit Order   ^    Authenticated collection   ^   Card Collection   ^   
|**Definition**|Normal debit order|Normal debit order with tracking|Authenticating Mandate before collecting|Debit order directly form debit/credit card|
|**Limitation/Not allowed**|No share accounts|No splitting|No splitting|No shared accounts|
|**Maximum**      |Maximum 500,000 per transaction|Maximum 30,000 per transaction|Maximum 30,000 per transaction|-|
|**Cut off times**|2 day service:2 days before action date before 12:00|Must be submitted before 12:00|Must be submitted before 12:00|Same day before 15:00|
|      |Same day service: before 12:00 on action date|                       |                                                           |                 |
|**When can a customer submit stop payment**|Immediately|**Stop Payment When:**|
|      |                                   |1.Bank account closed|        
|      |                                   |2.Bank account doesn't exist|   
|      |                                   |3.Bank account frozen|   
|      |                                   |4.Payment stopped|

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