ACB Link’s Debit Order Reduce your bank charges significantly by making use of ACB...
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Our range of debit order services enable you to collect funds reliably and cost-effectively. We can channel funds directly into your bank account or collect funds on your behalf. Supporting services include free bank account validation, collection reconciliation and reporting. • A few days prior to the debit date, our client sends a file to ACB Link • ACB Link’s software validates the file • ACB Link sends an error report back to the client – indicating errors or confirming that the file has been successfully validated prior to submission for processing • Once errors have been corrected, ACB Link’s software sends the file for processing, via a secure dedicated channel • The debits are processed and the nominated account is credited • ACB Link compiles unpaids reporting and sends this to the client to recover the outstanding funds ACB Link’s How debit order collections work Debit Order Solutions C li e n t N o m i n a t e d A c c o u n t Client sends a file to ACB Link Error report back to the client Software validates the file Sends the file for processing, via a secure dedicated channel Client account is debited, nominated account is credited Compiles unpaids reporting and sends this to the client 1 2 3 4 5 6
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Transcript of ACB Link’s Debit Order Reduce your bank charges significantly by making use of ACB...
Our range of debit order services enable you to collect funds reliably and cost-effectively. We can channel funds directly into your bank account
or collect funds on your behalf. Supporting services include free bank account validation, collection reconciliation and reporting.
• A few days prior to the debit date, our client sends a file to ACB Link
• ACB Link’s software validates the file
• ACB Link sends an error report back to the client – indicating errors or confirming that the file has been successfully validated prior to submission for processing
• Once errors have been corrected, ACB Link’s software sends the file for processing, via a secure dedicated channel
• The debits are processed and the nominated account is credited
• ACB Link compiles unpaids reporting and sends this to the client to recover the outstanding funds
ACB Link’s
How debit order collections work
Debit Order Solutions
ClientNominated Account
Client sends
a file to ACB Link
Error report back to the
client
Software validates the file
Sends the file for processing,
via a secure dedicated channel
Client account is debited, nominated account is credited
Compiles unpaids reporting and sends
this to the client
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2
3
4
5
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• Optimise your cash flow through more efficient and timeous collection from debtors
• Reduce bad debts through more effective collection from debtors
• Reduce your bank charges significantly by making use of ACB Link’s excellent rates and through more efficient debit order collections
• Reduce your internal administration burden and enhance staff efficiency and productivity through greater automation and process efficiencies
• Reduce the risk of fraud and theft by using more electronic funds transfers and less cheque and cash processing
• Receive value-added services and enhance your financial reporting through customised reporting, tailored to suit your unique needs (such as reports split per branch, separating bank charges from volumes and values, etc)
• Avoid the need for surety or bank guarantees
• Improve your data security and disaster management by having easy access to your transaction history, stored offsite on ACB Link’s server (a three-month period of reporting is free and readily available)
• Enjoy personalised and friendly service from ACB Link’s team of dedicated and skilled staff
Telephone: 011 462 9300 /01 • Fax: 086 613 9730 • Email: [email protected] • www.acblink.co.zaPhysical address: 8 St. Giles Street, Randburg, 2194 • Postal address: P O Box 1514, Randburg, 2125
Signed mandates
Contact us
Additional benefits
Features BenefitsVarious formats & file submission options You don’t need to change internal software / systems
Schedule various debit order collections date You can collect debit orders on multiple dates in any month
Process debits from Monday to Saturday You can collect funds on all working days
Free account validation Minimise errors and optimise your collection value
Clear referencing shows the debit order is for your business
Provide your clients with transparent referencing
Funds collected from all South African banks Optimise fund collection process
Dedicated consultant assigned to your account Enjoy quick access to effective and tailored service
Service excellence assured Receive timeous and regular updates / query resolution
User-friendly software and systems You don’t need specialist skills and technology
Comprehensive reporting options Tailor reporting according to your requirements and keep track of current and historical debit order collections
In compliance with banking regulations, your clients would need to sign a debit order authorisation form or mandate, giving you permission to debit their account. ACB Link can provide samples of mandate wording and advise you on the best ways in which to customise these to suit your unique requirements.
Directors: K Mann (MD); C Allen; C Cilliers
ACB Link (Pty) Ltd. Registration number: 1987/001261/07.
ACB Link (Pty) Ltd. is a subsidiary of the INSure Group. An authorised FAIS representative of FSP 2882.
ACB Link (Pty) Ltd. is authorised as a Third Party Payments Provider by Payments Association South Africa (PASA).
