What is DDS Pro ?
The Central Bank of UAE has made it mandatory for banks and merchants to implement the Direct Debit System (UAEDDS) which allows the banks better serve their clients with a convenient way to manage their recurring payments and purchases. UAEDDS can facilitate the payment of utility bills, repayments of loans, mortgages, credit cards and more. The Direct Debit Payment Systems has brought a massive change in the way banks do their business. UAEDDS automated monthly payment facility has been used by millions of people all around the world.
Unity launched DDS Pro, built on its most stable and secure Uniweb framework, to help banks participate seamlessly in this central bank initiative. Using our intuitive dashboard in Direct Debit System, you can track Direct Debit mandates and the complete lifecycle of a payments, if you are the sponsoring bank. With DDS Pro. the recurring payments would be collected automatically from the paying bank on the selected date by communicating with the Central Bank without any hassle.
While bank is acting as a paying bank, DDS Pro helps you automate your complete inward payment cycle while seamlessly interfacing with the core. Unity’s Direct Debit Payment System being built on a robust architecture provides the flexibility to define the business controls to keep it STP or with a completely customizable workflow.
Why DDS Pro is the perfect solution for your business?
- Simple, secure and fully automated Direct Debit system
- Seamless integration with core banking systems and other systems
- One stop solution for your corporate, retail banking direct debit needs
- Auto schedule option for direct debit
- End to end processing of full cycle of Direct Debit Payment System
- Flexibility to interface with bank’s customers ERP system while acting as a sponsoring bank ensuring complete automation
- Easy to use data input screen with image capture for registration for DDS compliance
- Discreet graphical dashboard for business and technical needs
- Complete modules for originators, sponsoring and paying bank modules
- Multi-channel notification for payers and sponsors
- 2-way reconciliation for payments
- Secured ‘Host to Host’ connectivity for automatic Enterprise Resource Planning (ERP) integration
Ready to get started with DDS?
Manage recurrent collections & receivables with Direct Debit System (DDS)
The introduction of the Direct Debit System (UAEDDS) is capable of increasing transparency, eliminate paperwork, nearly reduces cheques and save time as well as enhance operational efficiency of the banking sector in serving the retail customers in the UAE. Unity’s Direct Debit System is a safe and convenient system of making payments and is preferably suited for recurring payments with fixed or variable amounts like loan repayments, utility bills, and insurance subscriptions. The direct debit payment systems which has been functional in developed counties is not a new system for UAE. Direct Debit System or UAEDDS is a direct debit payment system for banks which is an automated monthly payment solution. This direct debit system has been used by people all around the world for transactions such as payment of utility bills, school fees, loan repayments, and more.
Regulated by the UAE Central Bank, the UAEDDS or Direct Debit payment systems lets the banks and merchants to provide customers a convenient method to do payments and purchases. Unity’s DDS or Direct Debit System is the way to manage your regular payments.
Direct Debit payment System or UAEDDS is the solution to the challenge caused by post-dated cheques. issuing post-dated cheques for rent is still usual in UAE, which is considered outdated. Permitting renters, especially people who are new to the country, to pay monthly rentals makes more costly properties more exclusive. A new expat who is being a monthly payer would not have enough funds to pay an advance payment towards four months’ rent.
Moreover, school fees, debts, property service charge, car loans, insurance subscriptions, and many other recurring expenses we either pay onetime or use cheques for, can be handled by direct debit payment systems. With DDS, it is even possible to manage current monthly payments like fuel bills and gym subscriptions all from a single convenient platform. It’s simple for the customers, and the Direct Debit System (UAEDDS) has made it way more simpler for the banks where they no longer require to process several cheques per month! It is also overbearing to shift to monthly invoicing for VAT chargeable items like Service Charges. Unity’s Direct Debit payment system is perfect online direct debit system for monthly payment collection.
Direct Debit Payment systems are commonly used all across the globe and has been operational since the last century. DDS Pro is a direct debit system which is a simple, safe and fully automated system. Only a one time set up is needed for a direct debit payment system. It is also convenient as the customers avoid awaiting in queues at banks, exchange houses, cash deposit machines and or walking in at post office to make the card transactions.