Some later discovered they had unintentionally authorised a debit order, which proved difficult to cancel. He adds that debit ...
When it comes to investing and building long-term wealth, consistency through the discipline of regular contributions is key. One of the most effective ways to stay consistent is by setting up debit ...
A Moneyweb reader recently discovered that two debit orders – totalling nearly R500 a month – had been going off her FNB account since February. The charges were from companies she did not recognise – ...
A reader complained recently that a debit order had been erroneously taken from his bank account. When he complained to the bank he was told that it could not prevent further debits and he should ...
As the South African payments landscape prepares for a significant shift, businesses reliant on DebiCheck debit orders, and specifically when authentication was not successfully obtained from debtors, ...
Small and medium-sized businesses need to ensure they comply with all Payment Association of South Africa (PASA) rules for transaction processing, especially if they are to mitigate the risks ...
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Consumers now have 60 days to challenge debit orders
South Africans will soon have up to 60 days to challenge debit order payments. This comes after the South African Reserve Bank and the Financial Sector Conduct Authority confirmed the new rule ...
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