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It has been reported by Bacs this week that the DDICA (Direct Debit Indemnity Claim Automation) migration has been successfully completed and all banks are now submitting all new indemnity claims via the automated process.
Rapidata has setup all clients with an automated report detailing all indemnity claims received, which will be available on our secure FTP. For most of our clients you will not receive an Indemnity Report very often, as this will only be generated if a claim has been made against your Service User Number. Should you wish to alter the format or schedule of the export, please do not hesitate to contact us.
We have been advised that there are a small number of exceptions that will still generate paper reports however if Rapidata receives these, they will be sent in the normal way and also detailed in the Indemnity Report sent to you.
For many of us, Direct Debit Indemnity claims although small in number present a manual and timely exercise to reconcile and settle. Not least because of the covoluted and tiresome forms that make up the paper trail.
We are pleased to inform you that during October 2010, Bacs will be phasing out the paper based process and migrating to a fully automated online reporting and payment settlement system (DDICA).