Standard Bank outstanding authorisation

[The_Mowgs]

Lately when I swipe my cheque card I still receive a sms that I swiped but when viewing my account online or on the app I see multiple transactions showing " outstanding authorisation".

It used to always be maybe 1 transaction but lately its almost 10 and takes upwards of 5 days to "clear".

Anyone else notice this? I also constantly have a Latest Balance and Available Balance.

 

[Privateuser456]

Happens to me as well, kinda weird living in 2018 and we still have to wait days for a payment to go through. This really messes with your budget when you think you have a certain amount left but it's actually less.

 

[faniebraai]

Lately when I swipe my cheque card I still receive a sms that I swiped but when viewing my account online or on the app I see multiple transactions showing " outstanding authorisation".

It used to always be maybe 1 transaction but lately its almost 10 and takes upwards of 5 days to "clear".

Anyone else notice this? I also constantly have a Latest Balance and Available Balance.

That normally happens like at petrol stations. Your cheque card uses dual messaging (authorisation and advice). The authorisation is done online (to reserve funds), but the advice messages are batched at end of day. 5 days though is a very excessive though.

Merchants doing this is very much a legacy thing

 

[The_Mowgs]

That normally happens like at petrol stations. Your cheque card uses dual messaging (authorisation and advice). The authorisation is done online (to reserve funds), but the advice messages are batched at end of day. 5 days though is a very excessive though.

Merchants doing this is very much a legacy thing

It used to only be petrol stations but now its Spar, Jannies Pub, Makro etc etc. This is now happening to about 80% of my swipes.

 

[faniebraai]

It used to only be petrol stations but now its Spar, Jannies Pub, Makro etc etc. This is now happening to about 80% of my swipes.

eish ok, no that shouldn't be the case

 

[ToxicBunny]

eish ok, no that shouldn't be the case

Would it not possibly be something to do with the shops themselves not "banking" their transactions in a short period?

Or am I missing the boat entirely here?

 

[faniebraai]

Would it not possibly be something to do with the shops themselves not "banking" their transactions in a short period?

Or am I missing the boat entirely here?

Absolutely, but this shouldn't be the case

 

[ToxicBunny]

Absolutely, but this shouldn't be the case

Agreed it shouldn't be the case... but I've experienced it at one or two locations as well, and when I asked the owner they admitted they only "banked" their transactions every 2 or 3 days....

 

[faniebraai]

Agreed it shouldn't be the case... but I've experienced it at one or two locations as well, and when I asked the owner they admitted they only "banked" their transactions every 2 or 3 days....

So old school... this "banking" of transactions was done in the "old" days because of connectivity .... but now the processes are so embedded operationally that even new implementation do it this way... so silly.

That's why I hate it when people talk about "tactical solutions" vs "strategic solutions", because temporary tends to become permanent.

 

[supersunbird]

I'd put it down to Substandard Bank having some other kind of issue, similar to how they suddenly "honour" debit orders (even NAEDO ones, at the same fee as the bounced debit order fee) that in the past would have bounced.

 

[faniebraai]

I'd put it down to Substandard Bank having some other kind of issue, similar to how they suddenly "honour" debit orders (even NAEDO ones, at the same fee as the bounced debit order fee) that in the past would have bounced.

Huh? wazzat now? Do they allow the debit order to go through when you don't have funds, charge you the unpaid fee and when you have funds in your account then collect the transaction amount?

 

[supersunbird]

Huh? wazzat now? Do they allow the debit order to go through when you don't have funds, charge you the unpaid fee and when you have funds in your account then collect the transaction amount?

Yes, as discussed in that recent NAEDO thread you were part of.

You go negative for whatever amount and the R130 fee.

EDIT: They call it a honouring fee.

 

[faniebraai]

Yes, as discussed in that recent NAEDO thread you were part of.

You go negative for whatever amount and the R130 fee.

EDIT: They call it a honouring fee.

Oh ok