NuPay tsp Service Type:

SSV Debit:

Same - Day Soonest Value debit order payment instructions are submitted for processing on the due date that the debit order is to be processed against a bank account.

The types of accounts that can be debited are:

• Current Account (Cheque Account)
• Savings Account
• Transmission Account

The debit order instruction may be captured via the NuPay tsp website as a single instruction or as a multiple instruction with instalments.

The user can use the SSV Debit for once off debit order payment instructions or as a backup for payment instructions that are too late for submission as a Two-Day debit order.

NuPay tsp requires these SSV debit order payment instructions one day before due date to enable BankServ to process these debits on time.

Application Process for Service Types

NuPay can facilitate the application process on behalf of users with ABSA and FNB Banks. To fully assess and support user requirements for debit order facilities we would require copies of the following items listed below.

• Business Profile
• Banking Details
• Copies of ID Documents
• Company or Trust Registration Documentation
• Completed application form

SSV Debit

• Users must operate an ABSA or FNB current account with Bank approved aggregate and item limits
• Signed agreement with NuPayment Solutions
• Signed agreement with ABSA or FNB Bank