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list_of_contract_definitions

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list_of_contract_definitions [2019/11/07 09:27]
Schuzelle van Wyk
list_of_contract_definitions [2019/11/07 09:28] (current)
Schuzelle van Wyk [Electronic Services]
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 ^Term^Definition^ ^Term^Definition^
-|two day service ​debits|means the debit order file will need to be submitted to the system two business days prior to the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 28th of July.| +|two day service ​debit order|means the debit order file will need to be submitted to the system two business days prior to the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 28th of July.| 
-|same day service ​debits|means the debit order file will need to be submitted to the system on the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 1st of August before 12:00.| +|same day service ​debit order|means the debit order file will need to be submitted to the system on the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 1st of August before 12:00.| 
-|NAEDO ​debits ​(soon to be DebiCheck)|means the debit order allows for tracking days on the account (which means you can track the account for a number of days to see if funds become available) and the file will need to be submitted to the system one business day prior to the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 30th of July before 12:00.|+|NAEDO ​debit order (soon to be DebiCheck ​debit order)|means the debit order allows for tracking days on the account (which means you can track the account for a number of days to see if funds become available) and the file will need to be submitted to the system one business day prior to the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 30th of July before 12:00.|
 |card collections|means the debit order file can only contain credit card details and can be submitted as a same day debit which means on the action date.| ​ |card collections|means the debit order file can only contain credit card details and can be submitted as a same day debit which means on the action date.| ​
-|two day service ​credits|means the credits file will need to be submitted to the system two business days prior to the action date before 12:00 to be accepted. For example if you want to run credits on your bank account on the 1st of August, the batch should be submitted by the 28th of July.| +|two day service ​credit payments|means the credits file will need to be submitted to the system two business days prior to the action date before 12:00 to be accepted. For example if you want to run credits on your bank account on the 1st of August, the batch should be submitted by the 28th of July.| 
-|same day service ​credits|means the credits file will need to be submitted to the system on the action date before 12:00 to be accepted. For example if you want to run credits on your bank account on the 1st of August, the batch should be submitted by the the 1st of August before 12:00.|+|same day service ​credit payments|means the credits file will need to be submitted to the system on the action date before 12:00 to be accepted. For example if you want to run credits on your bank account on the 1st of August, the batch should be submitted by the the 1st of August before 12:00.|
 |account verification service|is a service that allows you to verify whether a natural person or legal entity claiming to be is indeed the holder of a specific bank account. This service also provides how long an account has been open for as well as whether or not debits/​credit are allowed to the specific account.| |account verification service|is a service that allows you to verify whether a natural person or legal entity claiming to be is indeed the holder of a specific bank account. This service also provides how long an account has been open for as well as whether or not debits/​credit are allowed to the specific account.|
  
list_of_contract_definitions.txt · Last modified: 2019/11/07 09:28 by Schuzelle van Wyk