Risk Reports

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Risk reports are designed to give you greater peace of mind when making important business decisions. Available directly within your Netcash account, this powerful feature provides access to a range of verification and screening tools that help you better understand the individuals and businesses you interact with.

 

From Bank Account Verification Services (AVS) that confirm account ownership, to ID verifications and both consumer and commercial risk reports, each option offers valuable insight to support safer, more informed decisions. With a variety of report types and flexible options to choose from, Netcash risk reports bring together trusted data sources into one convenient platform, helping you reduce risk, minimise fraud, and operate with confidence every step of the way.

Index

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 the 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 the date of request, thereafter, please access the latest report for updated relevant information

Types of Risk Reports

Netcash offers a variety of risk reports, each designed to provide specific insights depending on your business needs. By selecting the appropriate report type, you can verify information, reduce risk, and make more confident decisions.

 

Flexible Report Options

Within your Netcash account, you have access to various report options and configurations, allowing you to select the level of detail and type of insight you require. This flexibility ensures that you can tailor your risk checks to suit different scenarios, all from a single, convenient platform.

Bank Account Verification (AVS)

AVS reports confirm that a bank account number matches the provided identity or company registration details. This helps ensure that payments are made to the correct account and reduces the risk of fraud or payment errors.

 

Bank account verification:
1. Bank account verifications are sent to relevant participating bank.

ID Verification Reports

ID verification checks validate an individual’s identity against trusted data sources. These reports help confirm that the details provided by a person are accurate and legitimate, making them particularly useful for onboarding employees, clients, or customers.

 

ID Verifications:
1. TransUnion
2. XDS

Consumer Risk Reports

Consumer risk reports provide insight into an individual’s financial behaviour and credit profile. These reports can help you assess affordability, reliability, and potential risk when extending credit or entering into agreements with individuals.

 

Netcash offers access to the consumer credit

 

Reports from the following Credit Bureau listed below:

 

  1. Consumer credit checks:
  • TransUnion
  • XDS
  • Experian
  • Compuscan

 

  1. Credit-data – Business linked to Consumer.

The consumer reports contain the following information:

  • Personal information
  • Address history
  • Email address history
  • Occupation history
  • Adverse information

Commercial Risk Reports

Commercial (or business) risk reports offer detailed information about companies, including registration details, financial standing, and risk indicators. This allows you to evaluate potential suppliers, partners, or clients before entering business relationships.

 

Netcash offer access to the commercial reports/registration number verifications from the following Credit Bureaus listed below:

 

    1. CIPC – CIPC Business Report
    2. TransUnion – CIPC Business Report with principal clearance
    3. TransUnion – Mini Company Report

The commercial reports contain the following information:

 

CIPC Business Report

  • Business information (business name, registration number and years in business)
  • SARS Tax number.
  • Directors (name, surname, and ID number)
  • Historic Principals of the Business.

 

CIPC Business Report with principal clearance

  • Business information (Business name, registration number and years in business)
  • SARS Tax number.
  • Directors (name, surname, ID number, date of birth and designation)
  • Historic Principals of the Business.
  • Directors – Indicates bad ITC, judgments, defaults, and administrations.

 

Mini Company report

  • Business information (business name, registration number and years in business)
  • Previous Business name.
  • Directors (name, surname, ID number, date of birth and designation)
  • Historic Principals of the Business.
  • Directors – Indicates bad ITC, judgments, defaults, and administrations.
  • Auditors’ information if listed.
  • Adverse information such as notices defaults and judgements for the business.
  • Enquiry history.
  • Property/ deeds of business.

Generating a Netcash service key

The View risk report service key settings, allow you to generate your service keys if this is required. If it has already been generated, you are able to view it here. You are also able to edit the email address or deactivate the service key. You can select a nominated enquirer as well to perform the relevant checks

 

  • Click on Account profile.
  • Click on NetConnector > Risk reports.
  • Complete the required fields.
  • Tick the postback URL active box if required.
  • Select the pre-defined postback URL if your software appears in the dropdown list – or
  • Insert the postback URL where the responses should be electronically sent.
  • If no postback URL is entered the selection should be NONE.
  • Choose from the following options: Ignore errors, Autoforward action date or Lock batch on upload.
  • Click on the Submit button.
  • The service key is generated and emailed to the email address linked to the service key.

 

Only the generation of the service key is needed to perform checks within your Netcash account, alternatively if you are making using of integrated software for risk reports the risk reports key will need to be inserted into that relevant software.

Accessing Risk reports

To access risk reports, Navigate to Services > Risk Reports

 

The following menu options are available:

  1. Consumer
  2. Commercial
  3. Reports

Consumer

  • Consumer Credit Checks
  • ID Verification
  • Bank Account Verification

 

Consumer credit check

Capture the following consumers information:

  1. Identity Number
  2. First name
  3. Last name
  4. Reason for the request. There is a dropdown box which offers a number of predefined reasons for the request.

 

    • Click on submit.
    • Please select your required Consumer credit checks reports from the list below. Note the pricing per credit bureau check
    • Click on submit
    • The report will be available in the report’s menu, please allow up to 48hours

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

Commercial credit check

Capture the following consumers information:

  1. The business name
  2. The registration number of the business
  3. Reason for the request. There is a dropdown box which offers several predefined reasons for the request.

 

    • Click on submit
    • Please select your required Commercial credit checks reports from the list below. Note the pricing per credit bureau check
    • Click on submit

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

Bank account verifications

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 from 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 verifications can be performed on both consumer and commercial bank accounts. For a consumer Bank account verification (AVS) select the commercial menu, alternatively select commercial for a business bank account verification (AVS)

 

Consumer Bank account verification

Navigate to Services > Riks reports > Consumer > Bank account verification

 

  • Select Bank account verification under in the consumer menu
  • Search type: Select either South African ID or passport
  • Add the ID number
  • Select one of the participating banks from the drop-down menu
  • Insert consumers Initials
  • Inset the Account holder surname
  • Insert the bank account number
  • Insert email and cell phone number
  • Click on submit
  • View your report under the Reports menu

Commercial Bank account verification

Navigate to Services > Riks reports > Commercial > Bank account verification

 

  • Search type: Business registration
  • Insert the Business registration number
  • Select one of the participating banks from the drop-down menu
  • Insert the account name
  • Insert the bank account number
  • Insert email and cell phone number
  • Click on submit
  • View your report under the Reports menu

ID number and Company registration verifications

Consumer ID verification

Navigate to Services > Riks reports > Consumer > ID verification

  • Insert the ID number
  • Insert consumers first name and surname
  • Reason for the request. There is a dropdown box which offers several predefined reasons for the request.
  • Click on submit
  • View your report under the Reports menu

 

 

Commercial company registration verification

Navigate to Services > Riks reports > Commercial > Company registration verification

  • Add the Registration number
  • Insert the Business name
  • Reason for the request. There is a dropdown box which offers several predefined reasons for the request.
  • Click on submit
  • View your report under the Reports menu

Reports

All reports can be found in the Reports menu

 

Navigate to Services > Riks reports > Reports

Filter between Risk Reports and AVS

To view Risk reports and ID verification select Risk reports

 

Filter on the Reports menu on the drop down between credit checks and verification

  • Risk reports: Click on the pencil icon next to the relevant report to download.
  • Verifications: Click on the pencil icon next to the relevant report to download.

To view the Bank account verification reports, select the AVS reports option

A list of AVS reports will be displayed

 

  • Select the printer icon next to the relevant AVS report to view comprehensive report
  • Click on the Export AVS history button to obtain a list of AVS history

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

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