AEDO (Authenticated Early Debit Order)
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.
, Billing System
, Debit Order
, Debit Order Collection
, debit order company
, debit order services
, Payment System