Our Profile

BankservAfrica is a payment clearing house (PCH) system operator (PSO) appointed by the PCH participants for 10 payment streams.

South Africa’s largest automated clearing house (ACH)

Since 1972, BankservAfrica has provided over four decades of interbank switching, clearing and settlement services to the South African banking sector and to banks in Africa: facilitating quality transactions in a properly regulated system, compliant with international banking best practice and standards, while reducing risk and complexity in the industry.

BankservAfrica today is the trusted partner of the South African banking industry and is authorised by the payments system management body, Payments Association of South Africa (PASA) to provide the banking industry with critical payment infrastructure and a FMI (financial market infrastructure) solutions provider.

World class systems, infrastructure, tools and expertise have ensured BankservAfrica remains the industry leader in electronic payment and information switching services.

Operational abilities include:

  • Multiple electronic delivery capabilities
  • Facilitation of connectivity
  • Message management
  • Billing and the compilation of management information

BankservAfrica’s current BBBEE rating is a level two.

Our shareholders include the four large South African banks as well as a consortium of lower volume South African banks housed in a separate company called Dandyshelf 3 (Pty) Ltd.

Corporate governance

BankservAfrica recognises that good corporate governance is key to the integrity of the organisation and its ability to manage risk and perform at optimum levels. Therefore our board is committed to ensuring BankservAfrica maintains the highest levels of ethical and accountable business conduct.

With due regard for the requirements laid out in the 2008 Companies Act, BankservAfrica subscribes to good governance, particularly the principles contained in King III as far as it is possible to apply them to the business of the group. The board acts in the best interests of BankservAfrica and always takes cognisance of the objectives of fairness, accountability, responsibility and transparency, which are the cornerstones of good corporate governance principles.

Certifications

We are a level two certified BBBEE company.
View certificate

BankservAfrica has successfully completed an assessment by Trustwave against the Payment Card Industry Data Security Standard v3.2.1 (PCI DSS). The PCI Security Standards Council is an industry initiative that aims to protect card data and BankservAfrica is one of only a few organisations in South Africa that is PCI-compliant.
View Certificate



Governance