Instant EFT providers reply to bank disapproval

[Jamie McKane]

Instant EFT providers reply to bank disapproval

A number of South African banks recently provided feedback to MyBroadband regarding the risks of third-party EFT systems.

Absa, FNB, and Nedbank told MyBroadband that they do not approve of third-party instant EFT services which require customers to log in with their banking details.

 

[Sapphiron]

yeah, I-Pay can go suck it.

Payfast does not require you to supply login details, does it?

 

[Venomous]

yeah, I-Pay can go suck it.

Payfast does not require you to supply login details, does it?

You have a choice.

1. You click the link the provide. Do payment. Then click done when done.

2. Open your browser. Go to your Inetbanking. Do payment with the details they provide. Then click done on payfast page. It thinks for a bit then tells you its completed
(this option does not give payfast your login details)