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Protect your business from account fraud and reduce debit order disputes by making use of electronic debit order authorisation for all new debit orders.
Bitventure’s DebiCheck process is the smart way to let a customers confirm a business payment collection mandate on a once-off basis, ensuring that the DebiCheck debit order can be successfully collected from the relevant debit order collection facilities in the future.
When a customer decides to take out a new contract with you, the customer’s DebiCheck mandate will be registered with their bank. Once the customer has approved the mandate, the debit order may be collected from the customer’s account without being reversed or disputed.
Customers can approve the DebiCheck mandate with their banks via mobile USSD prompts, their banking apps, ATMs, branches, or POS – thereby allowing for in-store or remote authentication.
A response is required within 2 minutes or by 22h00 on the same day.
A response is required with 2 days of the authentication request.
A response is to be submitted via a POS device.
Reduce illegitimate debit order disputes and increase collections.
Save money by confirming bank account validity and thus
reducing fraudulent accounts.
Increase confidence by giving customers upfront knowledge of payments.
Eliminate abusive cash flow management strategies through electronic consumer confirmation.
Reduce the need for physical document handling with a digitised process.