EBC Launch the Direct Debit Service through EG-ACH September 16, 2012

Egyptian Banks Company (EBC) has launched the second phase of the Automated Clearing-House (EG-ACH) project which is the Direct Debit service, Direct Debit is used throughout the world and is acknowledged as one of the most cost effective and efficient methods of processing regular and periodic payments as it allow bank’s customer to pay his bills after authorizing his bank (sign Mandate) to pay his bills for specific biller upon the biller present a Direct Debit transaction through the EG-ACH. Moreover the Direct Debit Service should be considered as one of the most secured payment systems worldwide.