EMV Fleet Migration
The journey towards fleet card security and payments innovation
Rising fraud and abuse, no cross-border acceptance, and isolation from advances in mainstream payment technologies and standards. These signals that magnetic stripe cards have reached the end of their useful life for South Africa’s modern fleet card issuers.
Debit Orders
Understanding debit orders
South Africa has three types of debit orders: DebiCheck, Registered Mandate (RM) and Electronic Funds Transfer (EFT). DebiCheck debit orders are electronically approved by the consumer with their bank, on a once-off basis, at the start of a new contract which has been signed with a business or service provider.
Modernisation
Understanding Modernisation
The journey toward payments modernisation in South Africa began with extensive research, deep market insights, and strategic collaboration. These elements formed the cornerstone of the Rapid Payment Platform (RPP) and enabled the launch of its first key function, PayShap.
DebiCheck
Understanding DebiCheck
Most South Africans agree that debit orders are a convenient way to pay their accounts. However, over the past number of years, debit order abuse has become a major issue in South Africa. There has been bad behaviour by some companies that process invalid debit orders to consumer bank accounts. In addition, there are consumers who avoid paying valid debit orders by unfairly arguing with their banks.
