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list_of_debit_order_definitions

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list_of_debit_order_definitions [2020/05/06 14:23]
Willie Louw [DebiCheck]
list_of_debit_order_definitions [2020/05/06 14:26] (current)
Willie Louw [DebiCheck]
Line 100: Line 100:
 |Mandate Type|The type of mandate: Fixed, Variable or Usage-based.| |Mandate Type|The type of mandate: Fixed, Variable or Usage-based.|
 |Maximum Collection Amount|Maximum amount allowed for any installment.| |Maximum Collection Amount|Maximum amount allowed for any installment.|
-|Processing|Processing is the term used when the debit order information goes through the bank’s system, resulting in the money being taken from your account.|  +|Processing|When the debit order information goes through the bank’s system, resulting in the money being taken from the client'​s ​account.|  
-|Remittance Information|means the first 10 characters of the client'​s ​bank statement lines will contain the short name; the next 14 digits are the agreement number, and then a 6 digit date indicating the date of collection (contractual cycle date). The remaining 110 characters are to be used for bill presentment.| +|Tracking Indicator|Indicates ​if tracking ​may be used for collections ​on client accounts.| 
-|Service Provider|This is the company you have a contract with, for example the gym.| +|Unstructured Supplementary Service Data (USSD)|Technology allowing ​a person to access various services through the use of short codes via your cellphone. It usually consists of number that start with * and end with #.| 
-|Tracking Indicator|is specified ​if Tracking ​may be used for collections.| +
-|Unstructured Supplementary Service Data (USSD)|is a technology that allows ​a person to access various services through the use of short codes via your cellphone. It usually consists of number that start with * and end with #.|  +
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list_of_debit_order_definitions.txt · Last modified: 2020/05/06 14:26 by Willie Louw