Paperless Originators

DD-iD® provides Paperless direct debit Originators undertaking the fulfilment of mandates over the phone or the Internet with a unique service. For sponsoring Banks, the elimination of ID fraud risk, a clear electronic audit trail and the comprehensive cross-checking against key data – including credit card holder checks – ensure total confidence in the Paperless Originator they sponsor.

DD-iD® is unique in that it matches name and address details with and individual's bank account.

Fulfilling key Scheme and regulatory rules means full compliance delivered in a second, and you only pay for each check you make. This low cost technology can revolutionise your sign-up processes.

In summary you will benefit from:

• Instant, accurate, low-cost ID confirmation of an individual across a range of delivery channels, mutually protecting Banks and Originators
• Elimination of ID fraud that also protects consumers from ID fraudsters
• Massive reduction in cost and time needed to check an individual’s ID
• Scheme compliance and best practice
• Removal of the need to store and collect identity documents
• Automatically enables you to meet money laundering, FSA, proceeds of crime and Banking regulations
• Automatically meeting Paperless Scheme requirements as defined by the governing body BPSL