Volante Technologies, together with its South African partner Bytes Universal Systems, has been selected by Nedbank to transform its payment message processes. Bytes Universal Systems will be responsible for the deployment of Volante’s VolPay Foundation, a platform for the development of financial payment message integration, validation and processing.

A period of testing is scheduled to commence in March 2016. From September 2016, South African banks will have to cease offering the current non-authenticated early debit orders (NAEDO) and instead offer the new debit order instrument, Authenticated Collections (AC). The new AC debit order instrument uses a combination of the ISO 20022 and ISO 8583 message standards to authenticate, process and report on the lifecycle of each transaction. Each of these transactions will require the definition and maintenance of customer mandates as well as the generation of collection requests and their validation against these mandates.

According to Glenn Smith, divisional executive at Nedbank Group Technology’s Mobile, E-Commerce & Payments Division, the organisation has embarked on a strategic programme to transform its payment infrastructure with a view to further enhancing its customer service. The objective is to ensure the highest levels of processing agility and efficiency while accelerating Nedbank’s support for new clearing standards and new digital payment services. “A key part of this new infrastructure is our Gateway architecture, which addresses the integration needs of all of our customer channels, clearing networks, and internal systems with our core payment processing service. By using the combination of Volante’s technology and Bytes’ expertise, we have every confidence that we will meet our customers’ ongoing demands for new products and services quickly and efficiently, while also remaining compliant with new regulation,” says Smith.

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