Credit and Risk Management
We have partnered with Cred-it Data (Pty) Ltd, to provide our merchants with access to data from a variety of the major credit bureaus and providers in a single location. These sources include TransUnion, Experian, CIPC and the deeds office. With the use of the latest technology, our merchants have access to a wide range of reports via their Netcash account. We are constantly developing new and unique products based on market needs. The main categories of products we offer are;
- Consumer products
- Commercial products
- Deeds search report
- Employment screening
Identity (ID) number verification
An ID Number Verification checks that a supplied ID number is valid and verified against the supplied name and surname as per the Department of Home Affairs.
Individual credit information is available from TransUnion, Experian or XDS. A standard consumer credit enquiry showing an individualís personal details, address information, employment information, telephone history, judgments, notices, notarial bonds, defaults, fraud listings and indicators, marital status and spouse details and enquiry history from any of the three credit bureaus.
Bank Account Verification
The Netcash Account Verification Service ensures the accurate verification of a bank account number against the identity number of an individual or the registration number of a business. The Account Verification Service assists our merchants to manage and reduce the ever increasing risk of fraud, resulting from identity theft and the activities of syndicates.
African credit check
The credit worthiness of an individual is checked against their passport number. TransUnion is able to conduct enquiries against Botswana, Lesotho and Namibian records.
Deeds search report
All registered property information, pertaining to an individual, can be checked against records held at 10 deeds offices located regionally.
Business report online
The business identification is displayed (business name, start date, industry, business function, phone number, fax number, VAT number, physical and postal address), name history, registration details as per the registrar of companies, members breakdown, civil court reports, default data and notarial information. Approximately 3.2 million records are housed with TransUnion and/or Experian.
A report is conducted via CIPC and SARS to verify company and director details.