The UK Direct Debit system was created 50 years ago. That’s 22 years before the Internet and three dozen years before Facebook was born. We believe it’s time to change.
In 2017, CFT Group has taken Direct Debits back to the drawing board. Adapted to the age of always-on demanding consumers we serve the needs of fast-paced clients who bill millennials.
Our dedicated R&D team developed a revolutionary recurring payments platform which empowers consumers with unrivalled transparency and control leading to higher collection rates and lower fees for our clients.
The lack of innovation in Direct Debits has driven our founders since 2015 to embark on a journey destined to start a revolution in recurring payments. In today’s world of Instant, why do we still put up with seven-day sign-up periods and three-day collection cycles? Why are merchants put through 1980s processes to collect 2017 revenues? And why do consumers still put up with arcane single-account rules and opaque debit information?
Trust and compliance are important components of every successful business. Our clients value the expertise and sector knowledge of CFT Group’s staff. We are regulated by the Financial Conduct Authority under the Payment Services Regulations 2009 for the provision of payment services. Our fast and compliant payment collections allow you to focus on what you do best: your business.
While it would seem we are still unpacking boxes and waiting for the decorating to be finished in our new office in Cornwall, CFT Group has already managed to create a bit of a whirlwind.
