SMART DEBIT ORDER (NAEDO)

The Easydebit© system allows a user to load smart debit orders also known as Non Authenticated Early Debit Order (NAEDO) against client bank accounts. Smart debit order payment instructions are multiple-hit transactions, processed early in the morning on the due date.

How does the smart debit order differ from a regular debit order?
The smart debit order allows a client to load a payment / debit order against a particular bank account and then tell the bank to watch or track the account for a number of days to wait and see when the money becomes available for collection.

For example, if you've sent a payment request to track the account for 5 days and for the first 3 days there is no money to honour your request. If on the 4th day money is deposited, the bank will immediately take the money that you have requested to be collected and report the payment instruction as successful.

Features & Benefits:

  • The user can load a smart debit order with the ability to select any of the allowable tracking days noted above
  • Loading smart debit orders 1 working day before the date the money needs to be collected
  • This payment will only be considered if uploaded before 12:00
  • Loading smart debit orders days and months in advance so you can capture and relax
  • Deactivating smart debit orders in the event that you need to
  • The system will automatically manage, queue and submit the smart debit orders
  • Rich reporting on transactions which allows you to view which transactions are successful, which have failed and why, and be able to do your own trending

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