STRATCOL IN THE FUNERAL INDUSTRY

Background:

StratCol was formed in October 2003, with our Head Office in Pretoria and branches in Cape Town and Durban.

StratCol (Ltd), Reg no: 1983/001494/06, is processing all non- insurance collections and payments and StratCol Premium Collections (Pty) Ltd, Reg no: 2015/071843/07, with FSP license no 46105, the insurance premium collections and payments.

We are regulated by the Payment Association of South Africa (PASA), which body is recognised by the South African Reserve Bank (SARB), in terms of the National Payment System Act of 1998. Our sponsoring banks are ABSA and Standard Bank.

StratCol is the market leader in the collection and payment facilitator industry and our products and services are based on the needs of our clients.

Our highly competitive fee structure makes our debit order system very popular in die Funeral Industry. The fact that Split Payments can be done upon collecting an insurance premium and the Insurer’s Service Providers be paid directly, is a big advantage to the service the industry is rendering.

The cash payment facility through Pay@ at Retailer stores, is most likely the utmost compatible edge in the market. Your clients can now make direct payments at a Pay@ platform. There are over
25 000+ payment networks nationwide. It is a convenient transaction channel for both banked and unbanked customers. It bridges the gap between sophisticated financial services and a population that is still largely unbanked or partially banked.

Payment methods include cash, as well as credit and debit cards. StratCol has developed an Android mobile application, which field operators can now use to sign-up policies, agreements, ensuring the FICA process is done, creating debit orders or Pay@ transactions and search history of previous transactions.

All captured information done on mobile app device (Smart Phone / Tablet), reflects in real time onto StratCol’s web interface. The Field Operator Supervisor / Manager, can easily monitor his activities on a daily basis.

StratCol’s professional Client Service Support and training, is at no cost to the StratCol User. It is evident why StratCol is highly recommended in the Funeral industry!

 

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