PBSA shredders underpin POPI compliance

Featured

shredder-generic-picThe company’s hard drive shredders offer local businesses a sure-fire way of complying with the act’s stringent data protection laws.

This year, the implementation date for the much-publicised Protection of Personal Information (POPI) Act is expected to be announced, and local businesses will have a year from this date to become compliant – or face severe penalties.

Passed into South African law towards the end of 2013, the POPI Act essentially regulates how companies store and secure personal information of individuals and entities. Because the act aligns South Africa with international laws on privacy, it includes some stringent rules that businesses – no matter their size – will need to follow to a T.

Wale Arewa, CEO of Secure IT asset disposal company Xperien, says, although the POPI Act gives companies a grace period of a year from commencement to comply with its requirements, they should make it a top priority now.

“There are serious penalties [for non-compliance with the act]. Besides the possibility of prison terms and fines of up to R10 million, POPI also allows individuals to institute civil claims. This means there is the possibility of further financial loss on top of any fine that may be imposed,” warns Arewa.

Data demolition

One of the POPI Act’s key objectives is to ensure customer data is destroyed sufficiently. According to the act, user data cannot be kept for longer than necessary and will have to be completely destroyed – not merely deleted or superficially disposed of.

This means it is simply not good enough for companies to wipe or format a hard drive, nor is it sufficient to toss it out, regardless of how unlikely it may be that it will be discovered.

The only sure-fire way to destroy data, is to physically shred it – a method vouched for by international business news site Bloomberg, in an article entitled “The right way to destroy sensitive data”.

“Hard drives are fed into a machine that resembles a photocopier, which chews and spits out slivers of scrap metal,” the site explains.

pbOffice, a division of PBSA (formerly Pitney Bowes South Africa), offers a failsafe solution to data destruction with two quality HSM machines – the HSM Powerline HDS230 Hard Drive Shredder and its smaller – but equally effective – counterpart, the HSM HDS150 Hard Drive Shredder.

Both fully data protection compliant, the two hard drive shredders destroy digital media devices in a safe and economical way. These safe and easy-to-use devices shred hard drives into tiny particles – ensuring absolute and irreversible destruction of all data contained on them.

Designed with longevity in mind, both hard drive shredders feature sturdy, solid steel-cutting units and powerful drives. Additionally, because the units feature high throughput capacity and energy-saving continuous operation, they are an intelligent choice for businesses seeking to reduce their carbon footprint.

Visit us today to find out more, or to request a quote.

[REFERENCES]  

Bloomberg.com

Xperien.com

 

Knowing your customer is key to success in SME sector

SME Credit Business Credit Check

SME Credit Business Credit Check

Why the Credit vetting process of your potential and current clients in a Small to Medium Enterprises environment (SME), should be at the top of your list…every day.

SME’s are at a greater risk than large corporate companies due to the simple fact they have tight cash flow restrictions. If a client deviates from paying their 30 day account by 2 or 3 months it directly affects the business, owner and its employees.

The percentage of small businesses simply skipping out on this critical process is staggering.

A detailed credit application document with the correct capture information, credit vetting consent and related terms of agreement will go a long way in protecting the financial well being of your organisation.

By utilising an easy to use, online, credible and accurate credit vetting systems like pbVerify that is connected to all major credit bureaus and credit data providers will avoid getting your Debtors book in a twist.

pbVerify is specifically for small to medium sized businesses and brought to you by the trusted global name in customer communications, Pitney Bowes.

“Simply taking the steps to check the credit status of companies and Directors before doing business with them is straightforward, very affordable and it could make all the difference” Says Sean Bennett, senior national consultant at pbVerify.

Using a reliable credit vetting system to truly know your customer is the first responsible step to caring for your future and that of your business.

For all your Credit Vetting solutions, please visit www.pbverify.co.za or contact Sean Bennett on 011 516 9400 (Opt. 2) for a product demonstration.

pbVerify launches new high value, low cost online B2B commercial Company credit check report

Company credit check report for under R100.00

SME Credit Business Credit Check

SME Credit Business Credit Check

All business owners have come to realise the importance of knowing the credit status of the businesses and principles of the businesses they do business with. Before the launch of pbVerify’s new credit bureaux business-to-business (B2B) commercial credit check reports, these facilities were costly and not within the reach of smaller businesses, especially those who grant lower monthly credit amounts to other businesses. pbVerify have developed the perfect online business credit check tool that not only suits the budget of smaller businesses, it also gives accurate, up to date credit bureaux and Companies and Intellectual Property Commission (CIPC) data on businesses and the principles of businesses to all users of the pbVerify online system.

The new pbVerify Company credit report includes the following information;

  • Comprehensive CIPC Company registration information
  • Comprehensive CIPC Directors information
  • Director’s consumer credit check summary – A snap-shot overview of all the Directors personal credit statuses (Defaults, Judgements, Adverse Accounts etc.) with the facility to click and drill deeper into a full consumer credit check on any Director
  • List Company Auditor information
  • List Properties owned by Company – Comprehensive Deeds Office Registration information
  • List of Company Bonds
  • Company Judgements

To add more value to the proposition, pbVerify also launched another business-to-consumer (B2C) consumer credit check report to the existing suite of consumer credit bureaux products. This report takes an in-depth look at the credit status of the individual person and also features CIPC, Deeds office (property) and fraud alerts to the regular credit bureaux data for a mere R30.00 per report.

The launch of these new products coincide the inclusion of South Africa’s third largest credit bureaux, Compuscan into the existing range of credit bureaux products. pbVerify customers now have direct, instant access to the following credit bureaus and other business data providers through one online system;

  • TransUnion (ITC) credit bureaux
  • Experian credit bureaux
  • Compuscan credit bureaux
  • XDS credit bureaux
  • National Deeds Office
  • Companies and Intellectual Property Commission (CIPC / CIPRO)
  • Department of Home Affairs
  • South African Revenue Services (SARS)
  • RefCheck Academic verification service.

Know your customer
Credit risk management and Know your customer (KYC), lingo previously only used by risk managers of large enterprises has become critical elements of successfully running any business, any size. pbVerify provides all the information necessary for financial managers and business owners to make informed and intelligent credit risk decisions.

For more info, please visit pbVerify or contact us on 011.516.9400 or send an Email to support@pbverify.co.za

How pbVerify Business Credit Check can help your business with risk assessment and risk management

riskBusiness Credit Check from pbVerify is a must-have tool for any business owner who wants to make smart, informed decisions that best benefit their company or organisation. Risk assessment and managing your credit risks are two important components of being a business owner – it’s critical that you have the ability to make good decisions when assessing new debtors.

If you want to take an active role in protecting your business against bad debt, Business Credit Check is here to help. We do all the research and provide you with all the information you need to move forward.

pbVerify Business Credit Check explained in 3 simple steps: 

  1. We do the digging. It’s necessary to dig deep and uncover everything there is to know about who you are potentially going into business with. pbVerify will provide you with data from the Credit Bureau, CIPRO and SARS so you can see all the facts and figures on paper. Having all of this information is critical to risk assessment because it allows you to see if any potential business partners have questionable pasts and shady financial histories.
  2. We help you translate the information we uncover with Business Credit Check. There is no point in handing over multiple reports if you don’t understand what’s on the page. Our website has resources that will assist you in understanding exactly what it is you’re looking at and what it could possibly mean for your business.
  3. Now, it’s up to you to make an informed decision. Once you have all of the necessary information at your disposal, you can better manage and evaluate the risk involved when assessing new debtors. Making a business decision without having complete information is unwise, especially in the ultra-competitive business environment we live in today.

To learn more about Business Credit Check from pbVerify and to understand how it can help your business manage and assess risk, visit our website today!

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Contact us on 011.516.9400 or Email support@pbverify.co.za and we will contact you.

Make smart and informed Risk Management decisions with pbVerify

pbVerify Risk Management

pbVerify Risk Management tools

Understanding risk management is essential for the success of your business, as you don’t want to enter into business deals with individuals or other businesses that have sordid financial pasts. Unfortunately, too many honest businesses fall prey to dishonest or irresponsible parties that dont’ fulfil their end of the business deal, whether it’s failure to repay a loan, defaulting on payments or being dishonest about credit histories, and this ends up hurting profits, productivity and reputation.

If you haven’t heard about pbVerify, you’re missing out on an excellent risk management tool that’s been specifically designed for businesses like yours. After registering for free, you’ll have instant access to detailed financial information, credit histories, public trace record information and more. There’s no monthly fee and you only pay per search, and we can supply you with reports on individuals, companies, closed corporations, consumers and properties in South Africa.

What type of companies need a good risk management tool like pbVerify?

  • Credit Grantors (any business selling on account). Whether your business does business with other Businesses or with consumers or both, we have the perfect solution for you. Connect your business to instant, online access to credit and registrar information from all three major credit bureaus, CIPC (previously CIPRO) and Department of Home Affairs (DHA).
  • Real estate companies. Fully vet potential renters and tenants when you use pbVerify. Above all else, you want to be certain that you aren’t putting your business at risk by entering into a business deal with individuals who have a history of not fulfilling their financial obligations.
  • Trace agents. Our consumer trace service is connected to more than 30 million consumer records in South Africa! If you need to locate consumers who have defaulted, this is the service for you.
  • System integrators.  If you need to verify the identity of a consumer, our widely-used system is the perfect tool to help you do so.

Whether doing business with an individual or another business, you want to do everything you can to ensure that it’s a wise choice. pbVerify allows you to make an informed decision.

To get more information about pbVerify, please visit our website today!

What customers are saying about Pitney Bowes’ pbVerify…

Customers across South Africa have been ecstatic about the quick, accurate solutions that pbVerify offers. If you need an online tracing, consumer or ID check solution, we’ve got the all-in-one tool for you.

pbVerify Customer Testimonials

What customers are saying about Pitney Bowes’ pbVerify

Here are a few testimonials from our clients;

Heilke Van Loon, Financial Manager at Borwa Financial Solutions, says that pbVerify definitely delivered on their promise about delivering quick and accurate online tracing solutions. Any business can sell a promise, but only service providers sell the performance of the promise. Pitney Bowes definitely belong to the latter bracket. All of the four managers who use this service in our company have been satisfied with the level of service; this including both turnaround times in attending to any issues, and pro-active support and product development initiatives,” says Heilke.

Kaajal Mackerduth from Genissis Cash Car Rental says that their company has found the online credit check system particularly useful.  “Thank you, Pitney Bowes, for the fantastic services received by our company on the pbVerify system,” commented Kaajal from Genissis Cash Car Rental.

“We are very happy with the service that our company has received from the pbVerify support team,” agreed Laurie Liebenberg from Liebenberg Opspoorders.

“The pbVerify system works very well. It helps us to determine if an ID book is valid,” said Vanessa from Convert Cash regarding pbVerify’s online identification check solutions.

Nicky Jardim-Mostert from Metal Industries Benefit Funds Administrators says they have been using the pbVerify ID verification tool for almost two years and they are still very satisfied with the ease-of-use and customer support that pbVerify offers. “pbVerify is very user friendly, accurate and all in real-time, which other databases cannot always offer! I would recommend this facility to any company – Metal Industries Benefit Funds Administrators,” says Nicky.

Interested in learning more about how our online consumer tracing tool has helped companies across South Africa do business? Then give us a call today on 011 516 9400 or visit www.pbverify.co.za.

Why finding outstanding debtors in SA is so hard… and how to solve the problem

tracing1Online Credit Check and Tracing has never been easier than with pbVerify. Any business owner will tell you that minimising risk and minimising loss are two extremely delicate components of running a successful business, and having a reliable consumer tracing system is part of the key to that success. You have the right to view the full and complete financial information of any consumers you do business with, but obtaining that information has been difficult in the past.

pbVerify was created with small to medium sized businesses in mind. In the past, if you wanted to run a consumer trace, it required subscriptions to all of the major credit check bureaus, which charge you costly monthly fees. There was no comprehensive, streamlined process that allowed you to get the information you need with a few clicks of the mouse… until now.

One appealing aspect of pbVerify is that it requires no monthly subscription; you simply pay per search! This saves you the expense of paying for access to multiple credit check bureaus that you seldom use and allows you to pay for only what you use. pbVerify requires no special software and it’s user-friendly and instant. With a few quick clicks of the mouse, you will be provided with all of the online search and trace information you need that is required to make informed business decisions.

Unfortunately, identity thefts, fraud, defaulting on payments or simply not making any payments are growing problems in today’s business environment. It’s essential that you have all of the information necessary in order to make smart decisions for your company, and pbVerify’s goal is to give all business owners a comprehensive, easy to use system that accomplishes just that.

Register with pbVerify today and start conducting online tracing searches instantly!