Collection Date Indicator: what it tells you
Indicates the three days of the month on which a customer is most likely to have funds available, in order of preference.
Collection Date Indicator returns the three days of the month on which a registered credit bureau determines a customer is most likely to have funds available for payment, in order of preference, based on successful collections made against their accounts by other creditors. It is one of the least-explained products in South African collections, so the logic is worth stating plainly: it points to the days that have actually worked, which often track a pay cycle, rather than relying on what the customer told you. Use it to choose the day to present a debit order.
What you get, and where it stops
What you get
- The three days of the month with the highest probability of a successful collection, in order of preference, based on bureau data about past successful collections.
- A day to present a debit order chosen from evidence of what has worked, rather than from what the customer told you.
Where it stops
- A guarantee that funds will be there.
- An affordability assessment. Knowing when to present says nothing about whether the person can afford the amount.
- A debit mandate. The right to collect comes from your agreement with the customer.
Chain it with
A flow is several verifications run as one journey. These pair naturally with Collection Date Indicator.
What you need to run it
- South African ID number
- The identity whose collection history is to be assessed.
What comes back
Three days of the month (for example the 20th or 25th), in order of preference, returned in real time.
- First choice
- The day of the month with the highest probability of a successful collection.
- Second choice
- The next most likely day.
- Third choice
- The third most likely day.
Every result is filed with a timestamped audit record.
| Outcome | What it means |
|---|---|
| Days returned | Three ranked days of the month with the highest probability of a successful collection. |
| No days returned | The bureau holds too little collection history for this person to return days. This is common for someone new to credit. |
Why it matters
Its value is in reducing failed presentations: a failed presentation typically costs your customer a fee and costs you the collection. It is an operational input rather than a compliance record.
Questions
Is this the customer’s pay date?
Not necessarily. The days are the ones a registered credit bureau determines have the highest probability of a successful collection. They often track a pay cycle, but they are not a statement of one.
Does it guarantee the collection will succeed?
No. It improves the odds by telling you when funds have historically been present. It is an indicator, not an assurance.
How do I run Collection Date Indicator, and what does it cost?
It runs on its own or as one step in a flow. Run it from the portal, or through the API with a sandbox to build against (credentials on request). There is no public price list: book a demo and a specialist prepares a pricing proposal built around your volumes. You can pay as you go from a wallet or settle monthly on invoice.
About results
Veriflow will perform the Services with the reasonable skill and care of a competent provider of identity-verification services in South Africa. Veriflow transmits results sourced from third-party data sources, including registered South African credit bureaux, banks, official registers and published watchlists. Veriflow does not compile that underlying data, does not warrant its accuracy, completeness or currency, and gives no warranty that any verification result is correct.
A Result is an input to the Client's own assessment. Veriflow does not decide whether any person or entity is onboarded, declined, priced, offboarded, employed, granted credit or reported, and makes no recommendation as to any of those outcomes. Those decisions are made solely by the Client, on its own criteria and under its own legal obligations, and the Client must not use a Result as the sole basis for any adverse outcome affecting a person.
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