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what_is_the_difference_between_a_debit_order_and_an_early_debit_order

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what_is_the_difference_between_a_debit_order_and_an_early_debit_order [2018/08/30 08:49]
Schuzelle van Wyk
what_is_the_difference_between_a_debit_order_and_an_early_debit_order [2018/08/30 08:49] (current)
Schuzelle van Wyk
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   * An Authenticated Early Debit Order (AEDO) which enables an account holder to mandate the contracted future dated early debit orders through the use of his/her bank cards by entering a PIN.   * An Authenticated Early Debit Order (AEDO) which enables an account holder to mandate the contracted future dated early debit orders through the use of his/her bank cards by entering a PIN.
   * A Non-Authenticated Early Debit Order (NAEDO) would allow qualifying service providers and consumers transacting with such service providers the equivalent benefit of AEDO, however without the PIN authentication requirement.   * A Non-Authenticated Early Debit Order (NAEDO) would allow qualifying service providers and consumers transacting with such service providers the equivalent benefit of AEDO, however without the PIN authentication requirement.
-  * Authenticated Collections is the process whereby consumers will electronically confirm to their bank that they are in the process of doing business with a company/​user and that they agree to the details of the    specific Debit Order series. Once the consumer has authenticated the Debit Order series, the bank will check the collection from the company/​user against the consumer’s authenticated mandate to ensure that the    debit is within the parameters the consumer agreed to, prior to processing. ​+  * Authenticated Collections ​(AC) is the process whereby consumers will electronically confirm to their bank that they are in the process of doing business with a company/​user and that they agree to the details of the    specific Debit Order series. Once the consumer has authenticated the Debit Order series, the bank will check the collection from the company/​user against the consumer’s authenticated mandate to ensure that the    debit is within the parameters the consumer agreed to, prior to processing. ​
what_is_the_difference_between_a_debit_order_and_an_early_debit_order.txt · Last modified: 2018/08/30 08:49 by Schuzelle van Wyk