"Pre-defined", "Public Recipients", "Masked Account Numbers", "BDF Codes" these are all names for Account numbers that are hidden. The reason for this is to eliminate and minimise fraud. By using these codes, users cannot enter the wrong or even fraudulent account numbers. This process is also transparent with your batch so no additional lengthy steps are needed to make payments to these accounts, simply process it with your current batches by using the relevant Pre-Defined “Short codes”
Payments to Masked Numbers can be processed as SSVS (Same Day Service).
|No||Name||Amount||Acc No||BR Code||Reference|
|3||STANDARD BANK CARD DIVISION||9875.50||860003||860003||REF firstname.lastname@example.org|
Disclaimer: Whilst we endeavour to keep the information in this table up to date and correct, Payaccsys Services Ltd makes no representations or warranties of any kind, express or implied about the completeness, accuracy, reliability, suitability or availability with respect to the information in the table provided for any purpose. Any reliance you place on such material or information is therefore strictly at your own risk. Furthermore, Payaccsys Services Ltd, its sub-contractors, officers, directors, employees, agents and independent contractors shall not be liable to you, the Client, or any Third Party for any loss, liability, damage, expense (whether direct or indirect, consequential, special, general or otherwise and whether for loss of profits, revenue, data or goodwill) which may be suffered by you, the Client, or such Third Party as a result of or which may be attributable, directly or indirectly to the use of the Predefined Beneficiary payment service.
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