AEDO (Authenticated Early Debit Order)

By: Direct Debit  07-22-2012
Keywords: Debit Order, Payment System, Debit Order Collection

Authenticated Early Debit Order (AEDO) is supported by many banks. Mandates are registered on the AEDO database using a card and PIN authorisation from issuing banks. These authorisations may not be disputed by account holders. AEDO greatly assists in reducing the risk of fraud for the merchant. With AEDO there is no need for a merchant to retain the card and PIN to collect future payments. Credit tracking may be included (up to 32 days) just as with NAEDO debit orders. Tracking on AEDO debit orders greatly increases the chance of successful collections once the debtors receives a deposit and limited funds were available.

Keywords: aedo, Billing System, Debit Order, Debit Order Collection, debit order company, debit order services, Payment System,

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Billing System

We integrate with a billing system for a comprehensive billing solution that ties in with our debit order services and features full invoicing, client management and automated debit order batch generation/submission.


Payment System

Our payment system is suitable for most businesses to manage debit order collections and request account holder verifications.


AHV (Account Holder Verification)

Account holder verification (AHV) is a service that allows you to verify whether a natural person claiming to be is indeed the holder of a specific bank account.


EFT (Electronic Funds Transfer)

The EFT Service is provided by participating banks, which enables companies and other bodies to process payments entirely by computerised means.


NAEDO (Non-authenticated Early Debit Order)

Non-Authenticated Early Debit Order (NAEDO) aims to level the electronic debit order collection playing field by creating an equal opportunity for creditors to collect funds from their debtors.