EFT services

By: Bankservafrica  11-11-2011
Keywords: Credit Payments

Specific products include:

  • Real-time clearing (RTC)

    Customers are able to move single credit payments e.g. account payments in real-time (within 60 seconds) to beneficiaries – 24 hours a day, 7 days a week, 365 days a year – using BankservAfrica’s RTC service.
  • Early debit order (EDO)

    EDO is a bulk collections processing system aimed predominantly at the micro-finance industry, although many other industries are also finding this service useful; the major benefit being to reduce the risk of non-payment to the micro financier.
     

Keywords: Credit Payments

Other products and services from Bankservafrica

11-11-2011

BankservAfrica > Our offerings > Products > EFT services > EFT

BankservAfrica has developed a bulk electronic transaction processing system for daily clearing and settlement of direct debit orders and direct credit payments. This service is available to businesses, by working through their banks, to enable fast and efficient processing of salaries, account payments and debit orders.


11-11-2011

Real-time Clearing (RTC

The system is integrated with the Central Bank settlement service, supports multiple settlement windows and includes the ability to force settlement when a participating bank’s daily exposure limit is reached. Customers are able to move single credit payments e.g. account payments in real-time to beneficiaries – 24 hours a day, 7 days a week, 365 days a year – using BankservAfrica’s RTC service.


11-11-2011

Early Debit Order (EDO

The authenticated early debit order system allows for customers to be authenticated by way of swiping their debit card and entering their PIN number through AEDO, thereby verifying an existing relationship with a bank, which in turn reduces the risk of fraud.


11-11-2011

Card switching

The authorisation service facilitates authorisation of credit card transactions by customers of banks, irrespective of the bank acquiriing the transaction at point-of-sale. SASWITCH ATMBankservAfrica’s SASWITCH service enables clients of any participating bank to draw money from ATM’s belonging to any other participating bank.