See how Mass Payments works
THE RISK
One Wrong Payment Can Cost Your Business Thousands
Every day, businesses send payments to incorrect bank details or fall victim to invoice fraud and social engineering. Without verified account information and proper authorisation controls, a single error can cause significant financial and reputational damage.
HOW IT WORKS
Four Steps To Verified Confidence
1
Load your
payment file
Import beneficiary details and payment amounts directly from your accounting software or via the secure portal.
2
Authorise & verify
Segregation-of-duties controls ensure that payments are reviewed and approved before submission. Optional bank account verification available.
3
Payments processed
EFT or real-time payments are submitted through Veriseal's registered TPPP infrastructure to the South African banking system.
4
Proof of payment delivered
Response files and proof of payment are generated per transaction and available immediately for your records and reconciliation.
PAYMENT SCOPE
What Can Be Paid?
Supplier Payments
Salary & Wage Runs
Commission Payments
Creditor Payments
Refunds & Rebates
Staff Expense Claims
Contractor Payments
Dividend Distributions
Insurance Claim Payouts
Bursary & Grant Payments
Inter-company Transfers
Mass Disbursements
INDUSTRIES SERVED
Built for any organisation that needs to send
multiple payments accurately
WHY VERISEAL
Mass Payments vs Manual EFT Banking
BUSINESS VALUE
What Your Business Gains
Significant Cost Savings
Veriseal's TPPP infrastructure gives your business access to lower per-transaction costs than standard internet banking — savings that compound significantly at volume.
Stronger Payment Controls
Multi-user authorisation and segregation of duties mean no single employee can load and release a payment. This dramatically reduces the risk of internal fraud and error.
Operational Efficiency
Import payment files directly from your accounting software, eliminating manual data entry. Process your entire creditor or payroll run in minutes instead of hours.
Reduced Financial Losses
Combine mass payments with Veriseal's bank account verification to confirm beneficiary details before funds are released — preventing costly misdirected payments.