NuPay tsp Service Type:

Two - Day Debit:

Two - Day debit order payment instructions are a single hit transaction, processed in the evening on the due date and are primarily suitable for use with clients who maintain sufficient funds in their 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 an instruction with multiple instalments.
The debit will process successfully on transaction due date provided that the account contains sufficient funds to cover the debit order amount.

The user can edit the debit order instruction via the NuPay tsp website up to four days before transaction due date thus ensuring transaction success and improvement in cash flow. The changes that can be made to the debit order instruction include:

• Account Number
• Account Type
• Amount to be debited
• Branch Code
• Due Date

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 edit the debit order instruction via the NuPay tsp website up to one day before transaction date thus ensuring transaction success. The changes that can be made to the debit order instruction include:

• Account Number
• Account Type
• Branch Code
• Due Date
• Amount to be debited

The debit order instruction can also be cancelled. The user as part of his business practice, should encourage all clients who expect to have insufficient funds in their account on transaction due date, to request changes in time to avoid transaction failure.

The value added SMS option will enable the user to notify clients of the debit order due date and amount to be debited. This enables clients to ensure that sufficient funds are in their account to cover the debit amount or for them to notify the user in time for changes to be made to the debit order instruction and thus avoid an unsuccessful transaction and penalties being incurred.

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

Two - Day 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