NAEDO Debit Order
Direct Debit’s Non-Authenticated Early Debit Order (NAEDO) collection system allows you to track funds if the original transaction is unsuccessful, closer to the bulk salary payment window, thereby improving the likelihood of successful collections.
NAEDO credit tracking is optional and if selected, the unpaid NAEDO payment instruction will automatically be represented for the consecutive amount of days selected.
NAEDO debit order collections allow for collecting up to R30,000 per debit instruction.
NAEDO is typically used to collect monthly subscriptions, premiums, or repayments from the lower income market where clients might not have funds available on the selected debit date.
Direct Debit as a NAEDO debit order provider, offers a complete automated debit order collection software system to small businesses and large enterprises, enabling you to collect monthly payments from your customers without any manual intervention on our cloud-based NAEDO debit order system.
Our systems also include a NAEDO debit order API for clients wanting to process or reconcile debit order transactions through their own systems.
NAEDO debit order is made possible via Bankserv Africa, the PSSF (Payment Stakeholder Forum) and PASA. Bankserv Africa developed a debit order processing system for daily clearing and settlement of NAEDO debit orders. The NAEDO debit order service is available to all approved businesses and enable fast and efficient processing of debit orders with the ability to track the account.
NAEDO Debit Order Features
Improved Collection Rate
Credit tracking of up to 32 days may be included on NAEDO collection instructions. If a debtor obtains funds within the tracking period these will be immediately debited to fulfil the NAEDO debit order.
Fast Transaction Reconciliation
Due to the nature of tracking on the account, successful or unsuccessful reconciliation is obtained immediately in order invoke tracking where necessary.
All NAEDO payment instructions are randomised giving all Users an equal opportunity of receiving payment and are processed as close as possible after salary credits are paid into the bank accounts of Customers in the early morning.
Benefits of NAEDO Debit Order
Save Time & Fees
Save on admin time and collection fees by giving your customers the option of paying via NAEDO debit order.
Fast Track Recon
Obtain reconciliation on the same day to fast track the debtors process and payment process.
Ensure you are making or taking payment to or from the correct person or entity by making use of our account verification service (AVS).
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