JSE listed Allied Electronics Corporation Limited (Altron) today announced the restructuring of its executive committee to create a leaner group structure th
NuPay AEDO (Authenticated Early Debit Order) is a terminal based solution which enables a merchant to load future-dated, irreversible transactions on a 3rd party’s account.
The basic aim of the NuPay AEDO system is to provide a facility whereby a credit provider can process an electronic transaction to make a transfer from a client’s account to his own – similar to current credit and debit card transactions. The main difference? Unlike online transactions, this transaction will be processed at a later date, without requiring the client’s ATM card or PIN.
Furthermore, the design of the system allows for the use of participating banks’ debit cards. Altech NuPay provide both fixed and mobile terminals to suite all business requirements, supported with on-site training, call centre, technical call out service and dedicated Customer Relationship Consultants.