Risk Reports

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Definitions

  • Validation – Details are checked using an algorithm, this means that they pass validation and will be accepted when processed,.
  • Verification – Information supplied is checked against known records to confirm that it exists or is correct.
  • Credit Bureau – An organisation which researches and collects individual credit information and sells it for a fee to parties interested in making use of that information to make an informed decision on offering credit.
    Service Key – A token which is used to uniquely identify and authenticate the application making use of the service.

Please note that Netcash uses a third party service to draw information from the different credit bureaus and information providers. This information is consolidated by Netcash into the relevant report. Netcash does not interpret any of this information. We only source the data from the bureaus and present it as a summarized report and are not responsible for any decisions made based upon the information provided.

The following disclaimer can be found on the large page of any report:

  • “This report contains information from public records which the data providers do not control, and which have not been verified unless otherwise indicated.
  • The data providers do not give any undertakings of any nature in relation to the report or as to the accuracy or correctness of the report.
  • Use of the report requires the customer to use their own skill and judgement to make a final decision.
  • The data providers shall not be liable for any decisions or actions taken by the customer in reliance on the report save as aforesaid, the report and the use of thereof are subject to the data providers’ standard subscription agreement, terms and conditions and general use of information, a copy of which is available on request.”

Important!
In terms of the National Credit Act any person requesting a consumer report on individual must have the written
permission of that person. It is also recommended that written permission be obtained for business reports.

Note that credit check reports will be available for a period of 30 days on the Netcash system from date of request, thereafter please access the latest report for updated relevant information.

Consumer

If you have the Risk Reports service active, this is where you will be able to do consumer credit checks, ID verifications and Bank account verifications.
  • Select Services
  • Click on Risk reports 
  • Select Consumer 

Consumer reports
Netcash offers access to the consumer credit reports from the following companies listed below:
1. Consumer credit checks:

  •  TransUnion
  • XDS 
  • Experian
  • Compuscan

2. Credit-data – Business linked to Consumer.


ID Verifications:
1. TransUnion
2. XDS

Consumer credit checks: You will be required to insert the below details in order to complete a consumer credit enquiry.
  • Identity number: The consumer’s ID number
  • First name: The consumer’s first name
  • Last name: The consumer’s surname
  • Reason: You will be provided with a dropdown of multiple reasons such as Fraud, credit risk assessment, affordability etc.
ID verifications: You will be required to insert the below details in order to complete an ID verification enquiry.
  • Identity number: The consumer’s ID number
  • First name: The consumer’s first name
  • Last name: The consumer’s surname
  • Reason: You will be provided with a dropdown of multiple reasons such as Fraud, credit risk assessment, affordability etc.

Bank account verification
The Account verification service enables a bank account to be verified. Verification differs from validation – validation of an account number is simply an algorithmic check that ensures the number is theoretically correct whereas verification confirms that the account number exists and the recorded identity number matches that of the enquiry.

Account verification is limited to specific banks.They are currently:

1. Standard Bank
2. FNB
3. Nedbank
4. ABSA
5. Capitec
6. African Bank
7. Bank of Athens
8. Bidvest
9. Discovery
10. Investec
11. Sasfin

  • Since the verification request is processed through a third-party provider and needs to access the relevant bank to return a report, the response is not instant.
  • It may take anything from a few minutes to 48 hours for the results to be returned.
  • These will be located under the Reports menu item and by selecting the AVS reports radio button.
  • Where a result has been returned form the bank the returned column will show “Yes” otherwise it will say “No”
    meaning that Netcash is still waiting for the response.
  • The Acc Exists and Id Match results will indicate either a
    “Yes” or a “No” for a match.

You will be required to insert the below details in order to complete bank account verifications.

  • ID number: The consumer’s ID number 
  • Bank: You will only be able to choose from the banks listed in the dropdown box
  • initials: The consumer’s initials
  • Account holder surname: The consumer or Account holder’s surname
  • Account number: The consumer’s bank account number
  • Email: The consumer’s email address
  • Mobile number: The consumer’s cellphone number

Commercial

If you have the Risk Reports service active, this is where you will be able to do commercial credit checks, registration number verifications and Bank account verifications.
  • Select Services
  • Click on Risk reports 
  • Select Commercial, 
Commercial reports:
We offer access to the commercial reports/registration number verifications from the following companies listed below:
2. CIPC – CIPC Business Report
3. TransUnion – CIPC Business Report with principal clearance
4. TransUnion – Mini Company Report

Bank account verification:
1. Bank account verification sent to relevant participating bank.
The various reports the following information:
Commercial credit check:
You will be required to insert the below details in order to complete a commercial credit enquiry.
  • Registration number: Registration number of the business you are enquiring on
  • Business name: The name of the business you are enquiring on
  • Reason: You will be provided with a dropdown of multiple reasons such as Fraud, credit risk assessment, affordability etc.
Registration number verification:
You will be required to insert the below details in order to complete a registration verification enquiry.
  • Registration number: Registration number of the business you are enquiring on
  • Business name: The name of the business you are enquiring on
  • Reason: You will be provided with a dropdown of multiple reasons such as Fraud, credit risk assessment, affordability etc.

 

Bank account verification
The Account verification service enables a bank account to be verified. Verification differs from validation – validation of an account number is simply an algorithmic check that ensures the number is theoretically correct whereas verification confirms that the account number exists and the recorded identity number matches that of the enquiry.

Account verification is limited to specific banks.They are currently:

1. Standard Bank
2. FNB
3. Nedbank
4. ABSA
5. Capitec
6. African Bank
7. Bank of Athens
8. Bidvest
9. Discovery
10. Investec
11. Sasfin

  • Since the verification request is processed through a third-party provider and needs to access the relevant bank to return a report, the response is not instant.
  • It may take anything from a few minutes to 48 hours for the results to be returned.
  • These will be located under the Reports menu item and by selecting the AVS reports radio button.
  • Where a result has been returned form the bank the returned column will show “Yes” otherwise it will say “No”
    meaning that Netcash is still waiting for the response.
  • The Acc Exists and Id Match results will indicate either a
    “Yes” or a “No” for a match.
Bank account verification:
You will be required to insert the below details in order to complete a bank account verification enquiry.
  • Business registration number: The business registration number
  • Bank: You will only be able to choose from the banks listed in the dropdown box
  • Account name: bank account name or business name that the account is in
  • Account number: The bank account number of the business
  • Email: The email address that is registered to the business
  • Mobile number: cellphone number

Reports

This is where the actual reporting is found for the verifications and credit checks you have actioned.

Note: Credit check reports will be available for a period of 30 days from the date of request, please ensure that you download and store reports for future reference.

  • Select Services
  • Click on Risk reports 
  • Select Reports
Risk reports:

This report provides you with details for the actual credit checks that were done on either a consumer/individual or a business. You are able to download this report by clicking on the pencil icon left of the transaction you are enquiring about.

AVS reports:

This is a verification done on the bank account number and ID number of a consumer/individual. It also checks if the account is active. You are able to download this report by clicking on the pencil icon left of the transaction you are enquiring about.

You are able to Export AVS history, this is a blue button in the top right-hand corner when you are on the AVS selected page. Once you click this button you are able to select the dates of the enquiry and are presented with download options such as Excel and CSV.

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