EFT (Electronic Funds Transfer)
Electronic funds transfer or EFT refers to the computer-based systems used to perform financial transactions electronically.
With our customized EFT solutions your organization will be able to raise money electronically from your customers / members. Electronic payments can be made directly to your creditors / suppliers (Depending on your banking organization)
When is it viable to implement an EFT solution?
- Your organization has a large customer base that require montly payments
- Your organization has multiple suppliers that require frequent payments
We have solutions for the following banking organizations
- ABSA
- First National Bank
- Standard Bank
- Nedbank
Instructions that our solution manage
- EFT Instruction File (Debit and Credit)
- Rejects
- Unpaids
- Bank Statements
- Processing of all financial transactions (invoices, payments, rejects and unpaids)
Feel free to contact us, should you require further information regarding our EFT solutions.