MT
Motsosi T

1 reviews | Active since Dec 2013

11 Aug 2015, 12:47

Unauthorized debiting of my FNB account

Digicash is debiting my account every month without my authorization. I reversed all such debits but I'm very concerned in that it is so easy to **** bank customers despite the fact that there is no agreement between me and Digicash. Question is who is Digicash and why is it so easy for them to **** customers of big banks like FNB? What is FNB and other banks doing about ******** like Digicash?

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Replies (1)
Digicash
Digicash's reply11 Aug 2015, 13:55
Official
Hello ThipeMD,

Thank you for bringing this matter to our attention. We'll aim to assist in resolving your query as quickly as possible.
Please note that Digicash is a duly registered Third Party Payment Provider (TPPP) who facilitates debit order collections on behalf of various merchants.

The process is as follows:
o A consumer enters into an agreement with one of our merchants
o That merchant utilises DigiCash's software to collect funds from the consumer's account
o Digicash registers a unique assigned short name (ASN) with its sponsoring bank which the merchant must use when submitting debit orders
o The ASN, a reference number and Digicash's name will appear in your bank statement. This will help us to identify the merchant responsible for debiting your account

We would ask that you please contact us on *** with further details of the transaction. We will then be able to put you in direct contact with the company who asked us to collect these funds from you, and this can then be resolved.

The Digicash Team