Corporate Collect is happy to
announce that it will be implementing the new DebiCheck system from 1 October
2019. We are looking forward to offering customers this brand-new system that
allows for more secure debit order processing.
What is DebiCheck?
DebiCheck is a new debit order
payment system that requires customers to pre-approve debit orders.
Let’s say you have a gym
membership and a monthly membership fee is deducted from your bank account via
a debit order. You will receive a once-off SMS asking if you agree to this
debit order or not. If you agree, then the debit order will take place
However, if you wish to stop the debit order, a due process has to be followed. This is where DebiCheck is most beneficial to merchants, like a gym. Customers cannot simply stop authorized payments, the agreed upon notice has to be given.
Then there is also the 7-day tracking feature. The system will detect if you have insufficient funds in your account for a debit order to be deducted. Moreover, the system will track your account for seven days so that when you have a sufficient balance for the debit order, your account will be debited automatically and the merchant will get what s/he is owed. This ensures more security for merchants whilst at the same time, protecting customers from fraudulent debit orders.
Corporate Collect will be
expanding its services to allow businesses the convenience of running debit
orders through the innovative DebiCheck system. Corporate Collect’s software allows
debit orders to be processed directly through Nedbank and ABSA with their Systems
Operator White Label Solution.
The South African Reserve Bank
will be implementing DebiCheck from 1 October and Corporate Collect will follow
suite. It is ideal for both customers and merchants. Customers will now have
full control over who debits them whilst merchants have more security and the
ability to track client accounts for up to 7 days to ensure successful collections.
It is the ideal solution to
eradicate the infamous R99 debit order scam that has been going around.
Customers have to give permission for any debit order to be deducted and thus
eliminating fraudulent R99 debit orders, unlawfully being deducted from their
DebiCheck is a registered PASA
product. Click here to visit the DebiCheck website.
For more information, contact
Jacques Serfontein on 082 556 3705.