In addition to popular e-commerce online payment methods, card, direct debit and giropay, different offline payment methods like prepayment, cash on delivery and invoicing are very popular, but often lead to additional administrative tasks for merchants. 

To complete a transaction process more or less complex steps are required and, depending on payment method, merchants have to rely on the services of different third party service suppliers. The administration of the payment process includes not only its accounting figure, but also the monitoring of due dates and payment receipts which often is very time consuming.

Common offline payment methods like direct debit in Germany, Austria and the Netherlands are from a technical perspective only a declaration to complete a payment process. Therefore a monitoring of the payment process including the identification of open claims and chargebacks is urgently needed. The lack of authorization or authentication mechanisms also bear a significant payment risk and require expensive downstream processes, such as credit control and debt collection. 

Deutsche Card Services' [Receivables Management] is the ideal solution to significantly reduce administrative expenses and payment risks within offline payment methods.