NAEDO (Non-authenticated Early Debit Order)

By: Direct Debit  07-22-2012
Keywords: Debit Order, Payment System, Debit Order Collection

Non-Authenticated Early Debit Order (NAEDO) aims to level the electronic debit order collection playing field by creating an equal opportunity for creditors to collect funds from their debtors. NAEDO is a National Credit Act initiative launched in September 2006. NAEDO debit order collections allow for collecting up to R5,000.00 per debit instruction and run in a preferential, randomised manner before the standard EFT debit order run. This ensures that each creditor has an equal chance of successful collection. Credit tracking of up to 32 days may be included on NAEDO debit order instruction. If a debtor obtains funds within the tracking period these will be immediately debited to fulfill the NAEDO debit order.

Keywords: Billing System, Debit Order, Debit Order Collection, debit order services, Direct Debit, naedo, Payment System

Other products and services from Direct Debit


Billing System

We integrate with a billing system for a comprehensive billing solution that ties in with our debit order services and features full invoicing, client management and automated debit order batch generation/submission.


Payment System

Our payment system is suitable for most businesses to manage debit order collections and request account holder verifications.


AHV (Account Holder Verification)

Account holder verification (AHV) is a service that allows you to verify whether a natural person claiming to be is indeed the holder of a specific bank account.


EFT (Electronic Funds Transfer)

The EFT Service is provided by participating banks, which enables companies and other bodies to process payments entirely by computerised means.


AEDO (Authenticated Early Debit Order)

Authenticated Early Debit Order (AEDO) is supported by many banks and is a safer debit order collection method as transactions may not be disputed.