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list_of_debit_order_definitions [2019/02/14 12:58]
Schuzelle van Wyk
list_of_debit_order_definitions [2019/03/07 12:41] (current)
Schuzelle van Wyk
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 ====== List of debit order definitions ====== ====== List of debit order definitions ======
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 +The list of debit order definitions include EFT, NAEDO and Authenticated Collection payment stream definitions in order to get a better understanding of what each entails.
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 ===== EFT Debits ===== ===== EFT Debits =====
  
-^Item^ Definition^+|< 100% 50% 50%>| 
 +^ Item ^ Definition ^
 |abbreviated name|means a mandatory field within the User reference field reflecting the User's trading name on their client'​s bank statement. This abbreviated name may not exceed the 10 character limit.| |abbreviated name|means a mandatory field within the User reference field reflecting the User's trading name on their client'​s bank statement. This abbreviated name may not exceed the 10 character limit.|
 |account holder|shall refer to any legal person/​legal entity to whom the User is paying funds to, or collecting funds from.| |account holder|shall refer to any legal person/​legal entity to whom the User is paying funds to, or collecting funds from.|
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 ===== NAEDO Debits ===== ===== NAEDO Debits =====
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 +|< 100% 50% 50%>​| ​
 ^Item   ^ Definition^ ^Item   ^ Definition^
 |abbreviated name     ​|means a mandatory field within the User reference field reflecting the User's trading name on their client'​s bank statement. This abbreviated name may not exceed the 10 character limit.| |abbreviated name     ​|means a mandatory field within the User reference field reflecting the User's trading name on their client'​s bank statement. This abbreviated name may not exceed the 10 character limit.|
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 ===== Authenticated Collections ===== ===== Authenticated Collections =====
 +|< 100% 50% 50%>|
 ^Item^ Definition^ ^Item^ Definition^
 |abbreviated name|means a mandatory field within the User reference field reflecting the User's trading name on their client'​s bank statement. This abbreviated name may not exceed the 10 character limit.| |abbreviated name|means a mandatory field within the User reference field reflecting the User's trading name on their client'​s bank statement. This abbreviated name may not exceed the 10 character limit.|
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 |tracking indicator|is specified if Tracking may be used for collections.| |tracking indicator|is specified if Tracking may be used for collections.|
  
-===== Debicheck ​=====+===== DebiCheck ​=====
  
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 ^Item^ Definition^ ^Item^ Definition^
 |checking / verifying|This is when the bank’s system compares the debit order information that you confirmed at the start of your contract with the debit order information that they receive from the company.| |checking / verifying|This is when the bank’s system compares the debit order information that you confirmed at the start of your contract with the debit order information that they receive from the company.|
list_of_debit_order_definitions.1550149081.txt.gz · Last modified: 2019/02/14 12:58 by Schuzelle van Wyk