Schemes
Real-Time Clearing
Schemes
Faster Account-to-Account Credit Push Payments
Real-Time Clearing (RTC) transactions are credit push payments that enable individuals to make an immediate electronic payment to an account held at their bank or another financial institution. The payment is processed and cleared in real- or near-real-time, but interbank settlement takes place at specific times during each day.
All RTC transactions are account-based and processed via BankservAfrica – South Africa’s payments clearing house – which affects the settlement of these transactions between the involved banks' accounts at the Reserve Bank.
Electrum’s Solution
How Electrum solves for Real-Time Clearing
Electrum's cloud-native RTC solution ensures reliability for you and your customers, while allowing for future-proof scalability.
BankservAfrica switching
Processing of RTC transactions with BankservAfrica for clearing with other industry participants.
ISO 20022
Processing of RTC using ISO 20022
Electrum’s Solution
Outbound processing
Orchestrates outgoing authorisation and clearing
Validates industry rules
Inbound processing
Orchestrates inbound authorisation and clearing
Facilitates account mirroring and account validation
Validates industry rules
Trusted Implementation
Electrum’s solution comes standard with a single, simplified integration into all payment schemes, allowing you to adopt new services and quickly cater to your customer’s demands. Electrum’s proven integration with BankservAfrica provides access to all NPS-regulated transaction processing.
Electrum’s Solution
Overlay services to bolster your offering
Choose from Electrum’s overlay services, including fraud and risk management services, QR code management, and cash voucher issuing and management.
These are designed to help you meet consumer demands for fast, innovative payment solutions and become an industry leader in the changing ecosystem.
Keep up with the latest trends
Built with the agility to support new and emerging transaction types, specifically when it comes to handling high-volume, low-value transactions.
Don't let your existing system hold you back!
