Getting Started with DEBICHECK (TT1/TT2) with Rapid Pay Collect

Getting Started with DEBICHECK (TT1/TT2) with Rapid Pay Collect

The process for your DEBICHECK COLLECTIONS (TT1 / TT2) setup, is as follows:


1. Provide documents attached (outlined below);

2. Bank approval and registration of abbreviated name with the bank and PASA;


The process can take up to 3 (three) weeks for approval at our sponsoring banks and PASA (Payments Association of South Africa). 


Documents to be completed, including the relevant Supporting documents required:


  • Client Service Application Form (Select - Debicheck (TT1 - Real-Time or TT2 - Batch Files) - For the abbreviated name - this will be seen on the Debit Order (DO) clients bank statement each month when the money is deducted (received);
  • ABSA User Pre-screening Assessment (including a list of supporting FICA)
    (see form attached);
  • PASA Debit Order (DO) Abuse letter - This is merely an acknowledgment of the Payments Association of South Africa (PASA) clearing rules for both the AEDO (Authenticated early debit orders) and EFT PCH (Payment Clearing House) payment streams (see form attached);
  • Company Resolution, please place this on your company letterhead, complete accordingly and sign by all Directors (see form attached with comments); 
  • Sample Mandate to be placed on your company letterhead; (if applicable);
  • Your expected monthly volume;
    It would be good to confirm this in the early stages of the application.


The following documents are required, to accompany the service application:


Please ensure the below documents to be provided are clear and legible

 

**Mandatory Documentation required, to accompany this Application Form:


3 (three) Months Bank Statements, where collected funds will be credited to, (Bank Account must be in the name of the Customer);

 

Certified Copy of Original VAT Registration Certificate;

 

Certified Copies of Directors / Members Identity Documents;

 

CIPC company / CC Registration Forms;

 

Proof of Business Address; 

 

Completed Debit Order Authorisation form for Rapid Pay Collect (Annexure C);

 

Copies of Existing Signed Mandates (5 x ABSA Bank Client Mandates and 5 x Nedbank Client Mandates);

 

Brochure / Marketing Material, comprehensively describing your product(s) and/or services;

 

PSSF (Payment System Stakeholders) Registration Certificate, If Applicable;

 

Company Resolution, Authorising the Company/Customer to enter contractual obligations with Rapid Pay Collect. (Template has been provided attached below, to be placed on your company letterhead.)

 

Completed and Signed ABSA Pre-Screening Document, Signed by the Authorised signatory of the company as per the signed company resolution;

 

PASA Debit Order (DO) Abuse letter (UDOA) - This is merely an acknowledgment of the Payments Association of South Africa (PASA) clearing rules for both the AEDO (Authenticated early debit orders) and EFT PCH (Payment Clearing House) payment streams.

 

Copies of All Regulatory Body Certifications i.e. NCR, FSCA, CFDC, ADRA etc

 


Please email all the documents as requested above (including the completed and signed attachments) to: sales@rapidpaycollect.co.za

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