Netcash offers a web service called ‘NIWS_NIF’ used to send batched outbound Payment files to a Netcash account and then to the National Payment System. Netcash’s outbound payments are similar to internet banking payments with the added benefit of
- faster clearing times – all Netcash payments clear at midnight of the action date. Thus, no interbank waiting time as all beneficiaries are paid simultaneously; irrespective of bank, branch -or account type.
- reduced -and fixed transaction charges – Netcash’ payments are billed at one (1) fixed transaction charge irrespective of bank, branch or account type unlike most commercial banks do.
Contact your Netcash Payments Advisor for more information.