While businesses want to ensure they don’t miss a payment from a customer, customers equally want to be certain that fraudulent debit orders aren’t coming off their bank accounts – think the R99 scam ...

Service providers, it appears, are taking management of our finances into their own hands by assuming that we are unable to make provisions for regular debit orders. This month two debit orders ran ...

Despite much fanfare around the introduction of DebiCheck, which puts customers in control of approving debit orders before they are allowed to be processed, the truth is, it will take a long time ...

FNB has detected abnormally high volumes and disputes of suspicious debit orders with descriptors Procall and Mzansi in December 2018 and January 2019. In line with its standard practice, the Bank ...

Rogue customers are partially to blame for scuppering efforts to thwart the rampant R99 debit order scam, by reversing genuine debit orders they previously agreed to, because they are cash-strapped.

Last week FNB issued a press release stating that it would reverse all debit orders and refund customers who had been victims of ProCall and Mzansi illegal debit orders. Absa followed with its own ...

ABSA confirmed it had processed some vehicle-finance debit orders ahead of schedule due to ‘increased spending patterns’ and ...

While criminal syndicates played a major role in fleecing unsuspecting consumers with bogus debit orders, consumers are equally guilty in conning companies who provide legitimate goods and services by ...

In our previous article, we spoke about the various ways in which debit orders can fail. However, there is light at the end of the debit order tunnel in the form of a technology that permits ...

The Payments Association of South Africa (PASA) has issued a report in which it found that the proportion of shady companies perpetrating debit order fraud was much higher than initially thought.