National Payment System Act, 1998 (Act No. 78 of 1998)

Notices

Directive in respect of issuing of Electronic Funds Transfer Credit Payment instructions on behalf of the payer in the National Payment System

3. Purpose

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3.1 The purpose of this directive is to impose requirements on persons issuing electronic funds transfer credit payment instructions on behalf of the payer, using screen scraping, or any other tool in the NPS to mitigate the risks identified in paragraph 2.5.