A direct debit is an instruction from a customer (debtor) to their bank or payment services provider, authorising an organisation (creditor) to collect variable or fixed amounts from their account In the Cloud Monetisation Platform, a billing entity that can be used to manage payments on one or more subscriptions or payments for services. An account can hold details such as payments or invoices., as long as the customer is given advance notice of the collection amounts and dates. Payments are collected directly from a subscriber The end user of a network.’s bank account. In CMP, direct debits are handled as followed:

• The CMP direct debit extract routine determines direct debit paying customers with payments due and unprocessed direct debit refund requests.
• Direct debit extracts are transmitted to BACS via a third party payment handler for processing.
• Payments are posted to the Sales Ledger in CMP immediately when direct debit extracts are transmitted, assuming success of the payment, with a calculated posting date resembling when the customer's bank account will be debited or credited.

CMP generates and automatically processes a number of files to manage direct debit payments:

• Mandate Registrations – Transmission of new Direct Debit instructions

• Mandate Revisions – Reception of rejected, amended or cancelled Direct Debit instructions

• Recurring Payments – Transmission of payment and refund transactions that are due for settlement based on the account’s payment method and financial activity

• Recurring Payment Rejections – Reception of recurring payment transactions that have been rejected due to insufficient funds or other reasons.

Recurring payments taken automatically from a subscriber’s credit or debit card.

The due date of a bill is based on the Payment Terms associated with the account at the time the bill is produced, for example a bill produced on the 10th of a month with 14 day payment terms becomes due on the 24th.

With each recurring payment scheme, payment failures are handled to initiate appropriate follow-up activity, such as retries and subscriber communication. When a payment request has failed (including any retries), the subscriber is eligible to enter Credit Control.

The due date of a bill is based on the Payment Terms associated with the account at the time the bill is produced, for example a bill produced on the 10th of a month with 14-day payment term would become due on 24th.

With each recurring payment scheme, payment failures are handled to initiate appropriate follow-up activity, such as retries and customer communication. When a payment request has failed (including any retries), the subscriber is eligible to enter Credit Control.