A Perth business owner who has had $60,000 taken from his bank accounts via direct debits he did not approve says he has no ...

The UAE Central Bank said yesterday the registration of the banks and finance companies into the ‘Direct Debit System’ has been completed and all banks and finance companies are now ready to embark on ...

DUBAI, April 9 (Reuters) - The United Arab Emirates central bank said on Tuesday it was introducing a direct debit system for commercial banks, a step which could ease a major problem for foreign ...

ABU DHABI, 6th May, 2025 (WAM) -- Khalaf Abdullah Rahma Al Hammadi, Director-General of the Abu Dhabi Pension Fund, confirmed that the Fund’s early investment in digital systems has significantly ...

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...

The UAE’s banks are gearing up for a paperless payment system ¬- Direct Debit System (DDS) - from June 15 this year that will eliminate the extensive use of cheques as a mode of payments as the ...

The House of Representatives has resolved to initiate a workable strategic plan to enhance the efficient payment of monthly utility bills of all Ministries, Departments and Agencies by establishing a ...