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You are here > Our offerings > Products > EFT services

Electronic funds transfer services

Specific products include:
 

  • Electronic funds transfers (EFT)

    BankservAfrica has developed a bulk electronic transaction processing system for daily clearing and settlement of direct debit orders and direct credit payments. This service is available to businesses, by working through their banks, to enable fast and efficient processing of salaries, account payments and debit orders.
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  • Real-time clearing (RTC)

    Customers are able to move single credit payments e.g. account payments in real-time (within 60 seconds) to beneficiaries – 24 hours a day, 7 days a week, 365 days a year – using BankservAfrica’s RTC service.
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  • Early debit order (EDO)

    EDO is a bulk collections processing system aimed predominantly at the micro-finance industry, although many other industries are also finding this service useful; the major benefit being to reduce the risk of non-payment to the micro financier.
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