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Can PT-X Onboarding help reduce costly errors and ensure compliance during Direct Debit signup?
With the cost of a failed transaction estimated at £50, it is vital that accurate Direct Debit details are obtained. PT-X Onboarding verifies and validates bank account and customer details in real-time. This ensures any errors can be corrected at the point of entry before details are processed and submitted to Bacs, significantly reducing unpaid and rejected Direct Debits.
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