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What you can expect
- Quick access to our large retail customer base and large branch network
- Quicker access to cleared funds
- Quick response on errors
- Greater control of collection process
- Reduced debt collection/administration costs
- More predictable cash flows
- Reduced collection errors
- Increased customer loyalty
- Access will be through our internet banking platform, so no software installation required.
- Register by signing a service provider indemnity form and issue service provider identification number (SPIN).
- Payers are recruited once they fill in a direct debit mandate (DDM) and forward it to your organisation.
- Your organisation then forwards the direct debit mandate (DDM) to Absa for verification and distribution to other banks for non-Absa customers.