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Effective fraud prevention when creating direct debit mandates

Qwist Case Study Cover with customer edeka about effective fraud prevention when creating a direct debit mandate

Trust is good, control is better – even with the SEPA direct debit scheme!

Germans love the SEPA direct debit scheme. That’s why hardly any company can afford not to offer this payment method. However, the procedure is very susceptible to fraud attempts and errors. This means time and costs on the creditor side. We have something against it!

Men's hands writing with pencil on a paper

Financial Ident Verification

Real-time verification of end users
Learn more about Qwist's Financial Ident Verification

Why an account verification solution is definitely worth it for you

Improved onboarding:
An onboarding process optimized in this way significantly reduces time and effort – which has a positive effect on the conversion rate.

More security:
The certainty that the data is retrieved from the end customer’s real bank accounts means that cases of fraud and errors relating to IBAN entry can be reliably avoided.

Benefits for your customers:
Quick and easy verification when going through the application process; appreciation of the increased security standards

Effective fraud prevention when creating direct debit mandates

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