South Africa | June 2017
Dear Real Pay User
Authenticated Collections (AC) / DebiCheck
We are excited to announce that Real Pay, along with its sponsoring banks ABSA and FNB, is geared for the industry pilot phase of the Authenticated Collections (AC) project that is set to commence on 3 July 2017.
The pilot is based on a highly managed approach, with only a limited number of Users and an extremely low volume of transactions, to optimise learning and minimise risk.
After the pilot phase, the project will enter a ramp-up phase increasing the number of Users and transactions. Real Pay will keep our Users informed about the developments.
To keep our Users updated on naming conventions and to avoid confusion, note that Authenticated Collections will be known to account holders (consumers) as DebiCheck.
Please contact email@example.com or your relationship manager, should you have any enquiries regarding Authenticated Collections/DebiCheck.
Real Pay Team