EFT Payment Tool

ODP

One Day Payments

One Day Payments - Funds reflect and available in all beneficiaries account after midnight.

SSVS

Same Day Payments

Same Day Payments - Funds reflect and available in all beneficiaries accounts after 19h00 on the same day.

RTC

Real Time Clearing

Real Time Payments - Funds reflect and available in all beneficiaries account within 30 minutes

FDP

Future dated Payments

Future Dated Payments - Funds reflect and available in all beneficiaries account on any future date.

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CELLPHONE PAYMENTS

Pay any amount of up to R5000 per day (Max R25 000 per month) to any cell phone number in South Africa.
The beneficiary will simply receive an SMS with a unique number to enter into an ATM or at Participating merchant stores i.e. SPAR to receive their funds instantly.

Clearing
Payments to Cell phone numbers are processed as Real Time Clearing (RTC).

Voucher/PIN SMS notification usually within 60 minutes.

DUPLICATE PAYMENT PROTECTION

With increasing payment scams and internal fraud rising on a daily basis, we have introduced our unique Duplicate Payment Protection features.
Any duplicates account numbers will be flagged and can be managed in customised solutions.

Any Duplicate Transactions Numbers will be flagged and user will be notified onscreen of duplicate transaction numbers in the batch.

Email notification of duplicates account numbers.

AVS VERIFICATION

Account verification batch service is developed to achieve greater levels of efficiency and as an additional fraud prevention measure to ensure that the bank account details match recipient identity details.

The system can basically validate all batch details and restrict payment to beneficiary details that have passed the AVS or internal criteria or even a preapproved beneficiary authorised list.

PRE-DEFINED ACCOUNT PAYMENTS (Masked - BDF)

We can pay Masked BDF Accounts Numbers such as SARS, Municipalities and Telkom etc.

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.

Clearing
Payments to Masked Numbers is processed SSVS (Same Day).

We provide a unique solution for secure, reliable and cost effective EFT and E-Wallet Payments..

We process all payments to Cell Phone Numbers and South African Bank Account Numbers, we do Account Verification System, Pre-defined Account Payments such as SARS, TELKOM etc.

PayAccSys Onine provides our clients with a complete database on payment history of all transactions with full security audit trail and the facility to import or export data in an electronic format.

Mobirise

Payment files can be generated by any Payroll or Finance Software (SAGE VIPPastel etc. or even Excel files) and then uploaded into the PayAccSys Online.

PayAccSys provides our clients with a secure API solution sfor seamless systems integration to secure and minimise human intervention when it comes to securing your payemnt process.

How it works

INPUT FILES CAN EITHER BE UPLOADED FROM OUR FRONT END PORTAL OR VIA OUR SECURE API.

1. FILE ORIGINATION

Client generates file(s) from their payroll or finance system or EXCEL.CSV file or can load beneficiary details in our system. 

2. UPLOAD

Log onto PAO and upload, authorise and submit file, our system does cdv validation on account numbers and check for duplicate account numbers in file. PAO generate payment instruction for with total amount due including the transaction fees.

3. MATCING FUNDS

Client transfers batch amount plus fees to nominated clearing account for batch matching.

4. MONITORING

Clients are able to monitor file progress of the batch process online.

5. PROCESSING

We process all batches and funds to clear all banking systems.

6. FUNDS CLEAR

Monies are cleared into beneficiary accounts in accordance with instructions ie Midnight, Same Day or Real Time.

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