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DebiCheck

/DebiCheck
DebiCheck2020-08-06T10:38:03+00:00

DebiCheck ready.

WE’VE DONE ALL THE HARD WORK
to make DebiCheck simple for your business

South Africa is the first country to implement a debit order system where banks request electronic pre-authorisation, directly from their clients, for a debit order agreement.

It’s called DebiCheck and will come into effect from November 2021 after the original launch date was pushed back due to the Covid-19 crisis. It was instituted in response to a mandate from the South African Reserve Bank, to prevent fraudulent debit orders, while also protecting merchants and credit providers from an increase in disputed debit orders.

DebiCheck will change the payments game by making a customer’s bank the only role player authorised to obtain authorisation from a client. This completely disrupts the status quo. Currently, merchants and credit providers can obtain authorisation themselves, directly from the customer, via paper or voice mandates. With DebiCheck this will no longer be possible.

MAKE DEBICHECK SIMPLE WITH PAYM8’S DEBI.

Hi, I’m Debi. I know you expected someone a little less hot to be talking about Debicheck. But that’s just it. Debicheck is hot! Do it right and you’ll stay at the front of the payments queue. We don’t want to be talking about reduced collection rates, arrears, higher provisions and write-offs. NO! Let’s talk about an improved and accurate payment process with reduced reversals of legitimate debit orders, that provides you with consistency in successful collections. Think of me as your PAYM8, a trusty friend who has done all the hard work for you. 

Don’t leave DebiCheck to the last minute! The launch date is around the corner. A few months is all you have to get your DebiCheck system up and running if your business relies heavily on the Early Debit Order System. DebiCheck will replace the EDO system which means you won’t be able to use the early window if you haven’t got a DebiCheck authorisation from your client’s bank. There is lots to get right so leaving it to the last minute could have serious consequences for your clients and your business.

Darlings! Are you ready? Of course, there is no need to panic. Debi is here. I’ve spent months putting together my AXIS platform. You know how the earth revolves on an AXIS. Yip! Debicheck revolves on an AXIS too. It’s my intelligent system that allows you to ‘fall back’ to the NAEDO system while you are onboarding Debicheck. It’s a fail-safe! Like superglue, if your heel comes off. 🙂 

CHANNELS INCLUDE:
CONTACT DEBI FOR ANY DEBICHECK QUESTIONS YOU MAY HAVE:
  • Do you need Debicheck now or can you wait?
  • How can you stay at the front of the payment queue?
  • What are your Debicheck timelines?
  • What are your ‘fall back’ options while onboarding Debicheck? 
  • What strategy do you need post NAEDO? 
  • What are the financial benefits of early NAEDO migration?
  • Your database readiness – how up-to-date are your contact details?
  • What are the risks to your cash flow when Debicheck is implemented?
  • How can you ensure your sales team is Debicheck ready?
  • What innovation and new product development will be forthcoming keeping merchants involved in the end2end sales process?
START CHATTING WITH DEBI