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Decuct Debit Orders from bank accounts for easy collections.
This is a debit order collection system that allows you to process your debits closer to the bulk salary payment window, thereby improving the likelihood of successful collections.
Our Online System is full of features enabling you to manage your Debit Orders and Payments more efficiently. More importantly, the console enables you to manage all of your collections from one point from anywhere any day of the week.
Account Verification Service (AVS) is a service which gives our Users the ability to verify certain bank account details of a Consumer.
With Mass Upload function you can upload files with multiple records with one click. It saves you from the pain of loading each record by hand.
Online Deductions System to make live Easy!
Debit Orders for small and Big Companies!
Bank Account Verification System.
Bank Account Validation!
NAEDO and EFT Services.
Or maybe some important infos.
The Payments Association of South Africa says it has a plan to take on unauthorised debit orders in the country, and fine the companies responsible.
Speaking to TimesLive, the group said that it will implement a system which will fine companies or groups that process debit orders R1,000 for every transaction that is not authorised by an account holder.
The system will take a statistical sample of debit orders processed and measure how many transactions were unauthorised. The company will then be fined according to that scale.
As an example, Pasa said that if 80% of the transactions in the sample are found to be unauthorised, the fine will relate to 80% of the entire database, at R1,000 per transaction.
The group is developing this “scientific method” so that its process can stand up in court, if challenged.
Pasa is also working with local banks to implement the Authenticated Collections Project, which will see banks sending electronic notifications to customers informing customers that they are in business with certain companies.
All new early debit orders must be authenticated electronically as from 1 October 2016, it said.
Debit order fraud in South Africa is a big problem, compounded by the onerous process involved with identifying and reversing the orders with local banks.
Until the new systems are in place, it is up to banking clients to identify and reverse false debit orders with their bank. The transactions are typically under R100 – as to avoid notifying banking clients – and any company can process the transactions with very few details needed.
According to Pasa, there are currently 33 million “normal” debit orders to the value of R61 billion processed each month in South Africa.
Additionally, 14 million Non-Authenticated Early Debit Orders (NAEDO) and 1 million Authenticated Early Debit Order (AEDO) transactions are processed early.
The group said that about 8% (1.12 million) of all NAEDO transactions are disputed.
THE Social Security Agency of SA (Sassa) is to instruct Cash Paymaster Services on Friday to remove the debit order facility from the Sassa branded card issued to the beneficiaries of social grants.
The instruction forms part of government’s bid to stamp out deductions from social grants which impoverish beneficiaries. It will require Sassa to terminate all existing debit orders on social grant payments to beneficiaries.
Revised regulations under the Social Assistance Act are also due to be published which will clarify what deductions from social grants are legally permissible and the level of consent required for them to take place.
Social Development Minister Bathabile Dlamini was critical at a media briefing Friday of the "predatory practices which seek to exploit the gaps in the current regulatory framework for the financial services sector".
She was also critical of Cash Paymaster Services (CPS), a subsidiary of Net1, which pays grants on behalf of Sassa.
The minister said the government was "deeply disappointed" with CPS, which she said "seems to be profitably participating in questionable activities through subsidiary companies under the umbrella of their parent company Net1."
CPS had failed to control deductions which resulted in 13,000 disputes last year. In February alone, Sassa received more than 46,000 queries, about 15,000 of which related to air-time deductions.
"A new challenge has emerged called Easy Pay Everywhere, also referred to as the Green Card. It is a bank account issued by Grindrod Bank (on behalf of Moneyline, another subsidiary company of Net1). We are currently investigating cases where sales staff have allegedly told beneficiaries they needed an Easy Pay bank account to receive social grants as their Sassa branded cards are invalid.
"They all pay a R10 monthly service fee and a fee for all cash withdrawals. Services on the Sassa branded card are free in the Sassa network," the minister said.
Ms Dlamini said the new regulations would "put an end to the tide of unauthorised and unlawful deductions. We have been in consultation with the National Treasury, the South African Reserve Bank and the Financial Services Board and believe that there is an in-principle support for these regulations."
The regulations require that a grant beneficiary must in person provide written permission to Sassa for a deduction. Only insurers registered under the Long Term Insurance Act will be able to offer funeral policies. Funeral policy premiums will have to be paid directly to the insurer and no payments to brokers will be allowed. Funeral deductions from child support grants will be forbidden.
Ms Dlamini also announced measures taken by Sassa to facilitate dispute reporting and settlement.