Highly Secure
EFT Payment System
Highly Secure
EFT Payment System
Rapid Pay Collect offers a highly secure and cost-effective electronic fund transfer (EFT) payment system – perfect for payroll and creditor payments.
Aside from our lowered transaction costs, our automatic CDV (check-digit validation) system pre-validates bank accounts to confirm that account numbers are consistent with bank and branch rules, thereby reducing the number of returned or rejected transactions.
While you can load beneficiaries and process single transactions, we also support approximately 80 different file formats for batch importing and processing of large-volume transactions.
If none of those file formats work for you, we can create a bespoke format for you.
Payments can be processed through all the South African banks. We can also make payments to Lesotho, Swaziland and Namibian bank accounts.
The service can cater for real-time, same-day, one-day (overnight) or future-dated payments.
What is the
Process
Step 1 Load Beneficiaries
Select from your pre-loaded beneficiaries or upload your beneficiaries with a file upload through our secure Web platform, via secure FTP or via our secure API – (API Technical Documentation can be sent to you.)
Step 2 Transfer Funds
Transfer the funds to cover the total of your batch. We can even automate this pay-over by linking your bank account to our banking profile.
Step 3 Funds are Matched
Once we have received notification that the funds are available, these are matched with your batch, which is released to the bank for processing.
Step 4 Beneficiaries are Paid
The funds are paid into your beneficiaries’ accounts.
Step 5 View Confirmation Reports
The secure Rapid Pay Collect platform will provide you with comprehensive reporting on all your payment transactions.
Main Benefits
Process single or batch transactions. Use our secure Web-based platform or our API to integrate our services into your own systems.
Our helpful, knowledgeable support and Help Desk team will be able to provide assistance if you have any queries during the payment process.
Assign your administrators to different user roles, each with their own permissions and capabilities.
Your feedback data is at your fingertips. Exportable batch and audit reports are provided to manage and measure successful and rejected payments.
Online Payments and Collections Solutions for you!
Choose your Service
Get in touch
Address
2nd Floor, Northbank
Lane, Century City
Call us
+27 87 222 6967
Postal
Private Bag X18,
Milnerton, 7435
Contact us
Call us
+27 87 222 6967
Visit us anytime
Rapid House, 2nd Floor,
Northbank Lane, Century City
Postal Address
Suite 112, Private Bag X18,
Milnerton, 7435
PASA CERTIFICATION
Legal Documentation
A DIVISION OF
Rapid Financial Services (Pty) LTD t/a RAPID PAYMENTS is an Authorised Financial Services Provider (FSP) in South Africa with the FSCA, as an Independent Juristic Representative of 1st Fintech Capital (Pty) Ltd, Johannesburg, South Africa, with Company Number 2020/936466/07, an Authorised Financial Services Provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 51478.
Contact us
Call us
+27 87 222 6967
Visit us anytime
Rapid House, 2nd Floor,
Northbank Lane, Century City
Postal Address
Suite 112, Private Bag X18,
Milnerton, 7435
Legal Documentation
A DIVISION OF
Rapid Financial Services (Pty) LTD t/a RAPID PAYMENTS is an Authorised Financial Services Provider (FSP) in South Africa with the FSCA, as an Independent Juristic Representative of 1st Fintech Capital (Pty) Ltd, Johannesburg, South Africa, with Company Number 2020/936466/07, an Authorised Financial Services Provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 51478.
Copyright by Rapid Pay Collect 2022. All rights reserved.
Copyright by Rapid Pay Collect 2022. All rights reserved.