NIBSS DIRECT DEBIT

A web-based electronic Direct Debit Mandate library accessible to all stakeholders. NDD monitors overall industry mandates and provides a convenient online interaction experience between presenting Banks, paying Banks and Direct Debit originator

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NIBSS Direct Debit

NIBSS Direct Debit (NDD) is a data repository for financial and non-financial mandate instructions as well as other affiliated services issued by a subscriber to a biller, service provider or an institution.

Mandate Instructions Handled Brilliantly

Unique Value Proposition

NDD offers an automated debit of bank account(s) for the fulfillment of the contract (mandate) between the customer of a subscriber or biller. The service provides the following functionalities: User management, mandate management, transaction management, report management, and billing management.

Touch Points

Mobile & Internet Banking, POS & ATM
USSD
Web & internet platforms
Agent & third party channels

NDD Aggregators

How it works

NDD features a calendar system that determines when a mandate instruction is due for activation through an initial setup by a subscriber and an institution. Mandates could either be in a paper or electronic form.

Direct Debit (NDD) facilitates the remote debiting of bank account triggered through CMMS; this is pre-configured based on the following mandate type;

Fixed Mandate – fixed amounts and frequencies of debits to the subscriber’s bank account(s).
Global Standing Instruction – for recovery of defaulted funds from multiple bank accounts, using the subscribers’ BVN
Variable Mandate – for variable amounts and/or frequencies of debits to a subscriber’s bank account(s).

Features

Service & Utility Companies
Banks, MMOs & OFIs
Fintechs & PSSPs
Pension, Insurance & Credit Companies

Frequently Asked Questions (FAQs)

(1) What is the NDD Platform?

Is designed for businesses that require an efficient, affordable, account -based real time recurring payments solution without reconciliation issues.

(2) Who are the users of the NDD solution?

The service is for the Banks, OFIs, PSSps (who will serve as aggregators) and Clients in general who require solutions for recurring payments.

(3) What is the benefit of NDD to Customers?

The solution provides an array of benefits for customers such as:

Flexible and Adaptable APIs for use by institutions.
API driven service
Mandates can be created using the e-mandate feature.

(4) What is are the requirements to enjoy/build the NDD service?

Institutions will require a front-end for billers, A scheduler and the NIBSS APIs.

(5) What is a Scheduler on NDD?

It is a Database to store details of your Billers and the associated mandate duration.

(6) What NIBSS APIs require integration in creating the NDD platform?

Institutions are to integrate to the NIBSS Mandate management and EasyPay APIs.

(7) Can I Debit clients several times on a mandate set?

Yes.

Based on what is agreed in the mandate, the institution can debit several times; within the stipulated amount to recover the full amount that was mandated for debit.