Central Mandate Management System (CMMS) 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.
CMMS 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.
CMMS 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 (ADD) facilitates the remote debiting of bank account triggered through CMMS; this is pre-configured based on the following mandate type;