Debit Order

Basic functionality

Marang Credit Solution developed a unique web based debit order system.The debit order system provides approved participating entities access to all Banks and their subsidiaries in the South Africa. The basic functionality enables the user of the system to generate a debit order payment instruction on authorisation from Marang Credit Solution.

The types of accounts that can be debited are:

Current account
Savings account
Transmission account
Credit card account

Marang Credit Solution is web based which enables the user to optimally manage their debit order book at any time. These are various service types within the system to address a customer’s EFT needs.

Key features

Transaction warehousing – Central database
Transactions with variable dates
Payment instructions with multiple instalments
Web based reporting
The web based reports enable the user to track the progress of the transaction through the following stages:
Transactions submitted by the client to the financial institutions
Future transactions to be submitted by the client to the financial institutions
Successful transactions
Failed transactions
Cancelled transactions
It is a valuable means to forecast and manage exceptions