Account Verification Service

Paysoft Account Verification Service (AVS) is a service that verifies that a current or savings bank account belongs to an individual or business, and confirms additional information, as outlined below.

How does the product work?

The product is designed to verify submitted information by confirming the following data field responses:

Debit Order Dashboard

Bank account exists.

$9.95

ID number / company registration number matches.

$9.95

Initials and surname, or company name matches.

$9.95

Current or savings account is open.

$9.95

The account type matches.

$9.95

The account accepts debits.

$9.95

The account accepts credits.

$9.95

E-mail address matches.

$9.95

Cellular phone number matches.

$9.95

Product features

AVS files can be uploaded via our secure website or via client system integration.

$9.95

Single or bulk AVS transaction processing is allowed.

$9.95

Service type options are:

$9.95
  • Real-time (sub-60 seconds).
  • Batch service (30min – 2 hours).

Extensive reporting is provided through a simple and secure cloud-based interface.

$9.95

Product benefits

A built-in Check-Digit Validation automatically pre-validates account numbers against bank and branch combinations.

$9.95

The service is integrated with all participating South African banks.

$9.95

AVS reduces the risk of transacting with the incorrect bank account.

$9.95

AVS reduces the cost of errors.

$9.95

Processing times

Batch AVS transactions can be submitted for processing from 06h00 to 16h00, 7 days a week. Real-time AVS transactions can be submitted 24 hours a day, 7 days a week.