BOTTOM LINE – Business in Bite Sizes – Meredith Harington

Processing Credit Push transactions?

Taxpayers, both individuals and businesses, are required to be fully tax compliant through on time submission of returns and payments.
A credit push is payment transaction initiated on the eFiling site and presented to the banking product as a bill presentation (a payment request).
Only once the user has logged into the banking product and authorised the payment request, is this transaction regarded as an effective payment.
Credit push payments are assumed to be irrevocable.

For more information please use the link below:


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