NATECH DIRECT DEBIT
About Dias Direct Debit
Direct Debit is a transfer initiated by the creditor via creditor's bank. Direct debits require a mandate issued by the debtor to the creditor, so that the creditor is entitled to instruct the bank to debit the debtor's account. Direct debits are often used for recurring payments, such as utility bills, but they are also used for one-off payments, in which case the debtor authorises an individual payment.
Natech's implementation
Natech's Direct Debit implements Dias S.A. DirectDebit system for a debtor organisation. Is an independent application that can be run on any customer centric banking system.
Natech Direct Debit implement's SEPA (Core, Business to Business) and SEPA+ (Business to Customer- Urgent, Business to Business-Urgent) products. In addition Natech Direct Debit has a built-in migration module to carry out the migration from any older Dias Debit implementations at no additional cost.
Implementation sites
Natech Direct Debit has been successfully implemented in the following institutions:
- Achaiki Bank (11 branches)
- Bank of Epirus (5 branches)
- Bank of Karditsa(1 branch)
- Cooperative Bank of Peloponese (11 branches)
- Evoia Bank (9 branches)
Credibility
The application follows DIAS S.A. requirements together with SEPA protocol standards. It has been designed and implemented using TŪV ISO 20022 and utilises XML messages. The development was made under TŪV ISO 9001:2000 standards. Adopting international rules and processes, Natech Credit Transfer is built to run on Microsoft SQL Server 2005 (recommended SQL Server 2008) while it is designed on Microsoft Visual Studio 2010 in object oriented environment.