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In addition to providing the latest credit
card payment technologies via internet and phone, SecurePay
is adding bank account debit payments to our expanding list
of products.
Through our ties with Cashcard Australia Ltd,
SecurePay has gained access to debit payments through major
Australian banks, building societies, and credit unions.
Direct Entry will be available through
existing SecurePay payment channels, including SecureBill,
SecureIVR, and more.
Merchants require a signed agreement form
from each customer wishing to use the feature, to enable them
to debit their bank account. Once the agreement is registered
with SecurePay, the customer can use their preferred payment
method, whether online or by phone, to make a payment from
their bank account, directly into the merchant's account.
Customers can use the system until their agreement with the
merchant expires.
Funds are cleared overnight due to the
inter-bank processing required, and results are reported to
the merchant the next day.
Direct Debit is an exciting new development
for SecurePay and our merchants, particularly for customers
who do not have a credit account to make payments to SecurePay
merchants.
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