- Declaration:
I, duly authorised by the applicant hereby apply on behalf of the applicant for
authorisation of the applicant to act as system operator (SO) for a period of 1
(one) year.
- The Applicant
- Operates a system;
- which system is used to provide a service;
- to the persons below;
- in respect of payment instructions; and
- the volumes of which exceed 10,000 (Ten Thousand) transactions/payment instructions
per month or the value of which exceeds R10,000,000.00 (Ten Million Rand) per month
in respect of all the services it is providing.
- Services
- The applicant provides/will provide a service to the following persons :
NOTE: Please provide the names of the two largest clients.
-
*
-
- The applicant provides/will provide services in respect of the following:
- Confirmation
I confirm that the applicant is conforming to all the requirements as set out in
the
Criteria for Authorisation to act as System
Operator in the
SARB Directive for System
Operators No. 2 of 2007 and that I have read and fully understand the
Criteria for Authorisation to act as System Operator with regards to:
- Financial Criteria
-
Operational and Technical Criteria
-
Legal and Contractual Requirements
-
Risk Requirements
-
Reporting Requirements
-
Compliance:
- Card PCI/DS
- Card EMV
- Card 3D Secure
- EFT Debit ABB Name
- AEDO ABB Name
- AEDO PSSF Membership
- NAEDO ABB Name
- NAEDO PSSF Membership
-
I confirm that the applicant is not involved in any activity that results in the bypass of clearing or sorting-at-source.
NOTE:
In the event of providing a service
in respect of cards, Certification or Registration and Confirmation by a Card Association
is required:
NOTE: Certified copies of the applicant's audited financial statements
could be requested by the SARB or PASA.
- Reporting Requirements
I confirm that the applicant will report:
-
Any material changes to its management,
ownership and nature of business;
-
Any other information that the SA
Reserve Bank may require from time to time in terms of section 10 of the NPS Act.
- Application Fee
I agree that the prescribed non-refundable
application fee of R10,000.00 (Ten Thousand Rand) and an additional once-off payment
of R2,000.00 per payment stream has/will be paid to PASA. The fees quoted are exclusive
of V.A.T.
- Renewal Fee
I acknowledge that in the event of an annual renewal of the authorisation, PASA
may refuse to renew the authorisation or delay or conditionally extend the authorisation
for a stipulated period to enable the applicant to achieve compliance. An annual
renewal fee of R2,000.00 (excluding V.A.T.) will be payable once an invoice has been
issued by PASA.
- Expiry
I acknowledge that my authorisation expires on:
26/03/2025
.
- Termination
I confirm that the applicant will
if it wishes to discontinue or terminate the provision of services as a SO notify
PASA of its intention to do so at least 3 (three) months before the termination
date in which event the authorisation granted to it will be withdrawn.
- Dispute
Escalation process in terms clause 6. of the "Criteria for the Authorisation to
Act as a System Operator".
- General
I acknowledge that in the event that the applicant fails to meet the criteria and
requirements set out in this document, PASA may refuse to authorise the applicant
as a SO.
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