DebiCheck Payment Stream
An advanced Debit Order solution with consumer-authenticated mandates, early-morning collection processing and multiple presentments through
credit tracking.
Benefits of DebiCheck
Higher Collection Success Rates:
DebiCheck debit orders are processed early in the morning immediately after salary credits, which reduces the chances of insufficient funds responses being received.
Credit Tracking:
DebiCheck debit orders that have failed due to insufficient funds, can be automatically represented for up to 10 days until there are sufficient funds to successfully process the debit order or till the number of days selected lapse.
Real-Time Responses and Settlement:
The DebiCheck payment stream makes use of real-time response processing, meaning that the User is always aware of the state of their collections on a real-time basis, whether the debit order has been successful, is in tracking or failed (with a specific reason for failure). Coupled to this is real-time settlement, meaning successfully collected funds are settled as and when the successful responses are received.
Reduced Disputability:
Due to the Payer authenticating the mandate prior to collection being presented for processing against their bank account, if the collections presented align with the mandate obtained from the Payer, then the Payer cannot successfully dispute the collection, and a reversal of funds will not take place.
How DebiCheck Works
STEP 01
Agreement with Consumer
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An agreement is concluded between the consumer and the Amplifin client, and the payment terms, which include the amount, payment date and term, are agreed upon in the form of a paper, voice or electronic mandate.
STEP 02
Mandate Creation
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The Amplifin client creates a DebiCheck mandate based on the agreed payment terms.
STEP 03
Authentication
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The consumer receives a request from their bank to authenticate the mandate via a specific channel (e.g. banking app, USSD, ATM or Card & PIN).
STEP 04
Confirmation
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Once authenticated, the mandate is confirmed and stored securely in the bank’s mandate register. If the collection submitted aligns with the mandate authenticated by the debtor then the successful collections cannot be disputed and subsequently reversed.
STEP 05
Debit Order Processing
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On the agreed date Amplifin will extract and submit the debit order for processing to the debtor bank.
STEP 06
Near Real-Time Responses
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Response codes are received almost instantly, ensuring the Amplifin client stays continuously informed about the status of their collections.
STEP 07
Settlement
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The proceeds of all successful DebiCheck debit orders collected in the early morning processing window are settled into the bank account of the Amplifin client on the same day.
How DebiCheck Works
STEP 01
Agreement with Consumer
#
An agreement is concluded between the consumer and the Amplifin client, and the payment terms, which include the amount, payment date and term, are agreed upon in the form of a paper, voice or electronic mandate.
STEP 02
Mandate Creation
#
The Amplifin client creates a DebiCheck mandate based on the agreed payment terms.
STEP 03
Authentication
#
The consumer receives a request from their bank to authenticate the mandate via a specific channel (e.g. banking app, USSD, ATM or Card & PIN).
STEP 04
Confirmation
#
Once authenticated, the mandate is confirmed and stored securely in the bank’s mandate register. If the collection submitted aligns with the mandate authenticated by the debtor then the successful collections cannot be disputed and subsequently reversed.
STEP 05
Debit Order Processing
#
On the agreed date Amplifin will extract and submit the debit order for processing to the debtor bank.
STEP 06
Near Real-Time Responses
#
Response codes are received almost instantly, ensuring the Amplifin client stays continuously informed about the status of their collections.
STEP 07
Settlement
#
The proceeds of all successful DebiCheck debit orders collected in the early morning processing window are settled into the bank account of the Amplifin client on the same day.
DebiCheck Authentication Mechanisms
TT1 Real-Time
A consumer is sent an authentication request to their cellphone that they need to respond to within 120 seconds. This Authentication request comes via a USSD Push on the cellphone (consumer cellphone number needs to be the same as registered with the bank) or via their mobile banking app (bank dependent).
TT1 Real-time is typically used in a non-face-to-face environment, but the authentication can be facilitated in a face-to-face environment as well.
TT1 Delayed
The consumer must respond to the Authentication Request before 22:30 on the same day that the request was sent, using one of the Authentication Channels available at their bank.
These Authentication Channels include ATM, Online Banking, Mobile Banking App, the customer’s Bank Branch or Call Centre.
TT1 Delayed is typically used in a non-face-to-face environment, but the authentication can be facilitated in a face-to-face environment as well.
TT2 Batch
TT2 Authentication Requests are processed in batch by the Debtor Bank, allowing delayed mandate authentication.
The consumer has until 21:00, two days from and including the day that the authentication request was received by the consumer, failing which will result in mandate authentication failure.
Authentication channels: ATM, Online Banking, Mobile Banking Application, Debtor Bank Branch visit, or Debtor Bank Call Centre.
TT2 is a non-face-to-face Mandate Authentication Transaction Type – meaning authentication requests are also delayed.
TT3 Card & PIN
Can only be performed when the customer is physically present to use their bank card and PIN on the Amplifin Card Payment Device. Here the bank card and PIN, which should only be in the possession of the account holder, is used to authenticate the DebiCheck mandate.
The Authentication Request and Response is performed in real-time, and TT3 Authentication can occur daily between 00h30 – 23h30.
Authentication Channel: Bank card and PIN on the Amplifin Card Payment Device.
TT3 is a real-time, face-to-face Mandate Authentication Transaction Type.
How would you like to access DebiCheck?
ALLPS-i
Amplifin’s proprietary platform, ALLPS-i, is an advanced, web-based solution that streamlines payment and collection management. With robust features, ALLPS-i is designed to optimise your payment and collection processes and ensure seamless integration with your existing operations.
Integrated Solutions
We understand that every business has unique needs, which is why we offer flexible integration options. From file-based solutions to real-time web services, we provide smooth integration with a variety of debtor management systems (DMS) and admin platforms.
Ready to embrace DebiCheck?
Let us help you sign up for the DebiCheck Payment Stream today.