PayAccSys is specialised in EFT pay-outs, including payroll. Our clients vary in size from small to large multinationals.
PayAccSys is fully insured against civil and criminal liabilities which means that our clients can rest easy knowing that third party funds are fully protected. When we communicate with the banks to submit payments, we make use of secure socket layer (SSL) and transport layer security (TSL) encryption.
SSL and TSL are cryptographic tools, that work in conjunction with one another, ensuring that your private information is encoded in such a way that only the trusted server that we are communicating with can decode and read the information. PayAccSys is a level 4 contributor to meaningful broad-based empowerment, meaning our clients can claim 100% of their procurement from PayAccSys in their own BEE credentials.
PAYSOFT
Our Paysoft solution offers a highly secure and cost-effective electronic fund transfer payment system, where users can sign on and upload payment files through unique access controlled authorization levels.
Our automatic Check Digit Verification (CDV), pre-validates bank accounts to determine if account numbers are valid. This facilitates the accurate capturing of data prior to submitting transactions, reducing returned or rejected transactions and associated costs.
Our Electronic Fund Transfer credit service is used by clients to process bulk payroll or creditor payments. The major advantage of using our service is a reduction in transaction costs. Transactional functionality includes payments to credit cards. Users can process payments for all South African, Lesotho, Swaziland and Namibian bank accounts.
Our friendly support consultants are available to guide new users through the process of uploading payment files from their existing payroll formats. Batch and audit reports are provided to manage and measure successful and rejected payments. Account verification products can be linked to the payment process to eliminate enquiries from staff and creditors, prior to making bulk payments.
Paysoft can ensure that all staff payments reflect at the same time, irrespective of the requirement to process to different banking entities. A direct debit from the bank to your own bank account can be implemented to completely eliminate any risk associated with having to pay over large amounts of money to a third party account.
Payroll Cards
Our Payroll Card-solution, takes the struggle out of electronic payments for employees without bank accounts. This system provides an innovative payment solution which is a safer, faster and a more economic option than payments with cash, cheques or via normal bank accounts. The system is extremely popular, as any individual qualifies and the debit card is widely accepted.
The payment process is 100% secure and accredited by Master Card, Bankserv and the SARB.
Benefits of using the Payroll Card include:
- PIN based card – safe to use
- No proof of residence necessary
- Everyone qualifies (no FICA check)
- Use at any MasterCard® facility
- Use at any Point of Sale
- Call centre support
- Extremely cost effective
- Quick replacement/balance transfer
- Employee avoids credit card debt
- Reduction in Bank cost
- Immediate activation
- Payments are not linked to banking hours
- This card can also be used for Petty Cash and other general payments in your company
