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 40 years 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.

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 three.

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.

BankservAfrica is affiliated to the following associations:

IPFA, the International Payments Framework Association - which provides rules, standards, operating procedures, and guidelines to improve cross-border payments.

NACHA manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data. The ACH Network provides a safe, secure, and reliable network for direct account-to-account consumer, business, and government payments.

BankservAfrica's BSVA IS division is a proud member of WAPA, the Wireless Access Providers’ Association (WAPA). Established in 2006, WAPA is a non-profit IRB (industry representative body) acting as a collective voice for independent wireless operators in South Africa. As a WAPA member, we subscribe to their code-of-conduct which contains rules and regulations for providing wireless services.

Certifications

We are a level three certified BBBEE company.
View certificate

BankservAfrica has successfully completed an assessment by Trustwave against the Payment Card Industry Data Security Standard v3.1 (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

BankservAfrica's BSVA IS division is ISO 9001 certified, one of the best known standards published by the International Organization for Standardization. These international management system standards have been implemented by more than a million organizations in 175 countries.
View certificate 

 



Governance