MERCANTILE BANK LTD
Bank in Vanderbijlpark

The bank’s core focus is on Business Banking and Commercial Banking. It also has an Alliance Banking division which offers credit card, debit card and payment services to non-banks who seek to, or are already participating in the financial services industry. In addition the bank also has a treasury division which offers a full suite of vanilla foreign exchange products. The core business of Mercantile Rental Finance is to build a portfolio of diversified assets on Rental Contracts predominantly aimed at small to medium sized corporate but also including larger corporate and other entities. The portfolios are built utilizing rental asset agreements. The group has been successfully in operation for over 133 years. Credit tracking: Track a customer’s account for up to 32 days and process a collection as soon as funds become available. The NAEDO service helps to ensure collections and reduce non-payment and bad debts. Credit tracking: Track a debtor’s account for up to 32 days and process your debit orders when funds become available in the account. Non-invasive checks: Rest assured that NAEDO tracking is non-invasive and won’t attract a fee to the account being tracked. Mercantile Bank offers Merchant Services to take care of all your card-based customer purchases. Same day value: Get same day value for your card-based transactions and optimise your cash flow. Simplified bookkeeping: Use our clear and easy-to-read statements to make your reconciliation process simple and easy. Reduced risk: Reduce the need for cash handling on site, cutting costs associated with depositing cash and reducing your overall risk. Mercantile Bank’s Electronic Banking Services provide leading-edge, cost effective, time saving and secure systems for processing and managing electronic payments and collections through the South African banking system. We offer a range of products to suit all businesses, from small companies to large corporate clients. Regardless of the size of your business or the volume of your transactions, we have a solution to suit your specific needs. Our Electronic Banking Services division has established a proven track record, built-up over a decade. With a focus on service, security and cost efficiencies, we have assisted clients in certain instances to secure an improvement of up to 35% in unpaid collections. Software development is done in-house which allows our teams to focus on product improvement and innovation. Pricing: Benefit from competitive pricing on our solutions, based on the transaction volumes of your business. We ensure that only authorised users can send data, and we also provide for dual authorisation and several other potential verification measures, should you require these. Disaster Recovery: This solution will give you peace of mind should you suffer from a system crash, communication failure, or even a complete loss of all your data.