Nedbank Verify Payment

Nedbank Verify Payment

Below is the information on the Nedbank Verify Payment

Features

Nedbank’s Account Verification Service allows you to verify upfront whether a current or savings account belongs to an individual or a company, helping you to confirm the validity of an account before you make a payment into or institute a collection against it.

• You can specify a unique client reference for each AVS request.
• You receive an email as soon as an AVS batch response is available.
• You can load an account as a beneficiary/collectee after a successful verification.
• You can specify a sub-billing ID to organise AVS submissions easily by profile number/department.

Benefits

• Reduced risk – verify your receivables and your payments.
• Convenience – verify account details through NetBank Business or a direct connection to your line-of-business system.
• Fast turnarounds – real-time verifications (AVS-R) take at most 45 seconds; near‑real‑time verifications (AVS) take at most two hours. 

More information

• AVS-R banks: Nedbank, Standard Bank, FNB, Absa
• AVS banks: Nedbank, Standard Bank, FNB, Absa, Capitec, Mercantile Bank.