Preparing for the Next Payment Stream to be Implemented in SADC
Following the successful launch of the first payment stream to go live in SADC; Credit Transfer with Immediate Settlement on 22 July 2013, plans are now well under way to implement the next payment stream.
The next payment stream that is planned to go live in the first half of 2014 is the Low-value Credit Transfers that will be cleared and settled via a regional clearing and settlement operator (RCSO). Such operators are often referred to as Automated Clearing Houses (ACH’s).
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