The EFT service is provided by Namclear in conjunction with its member banks, which enables banks to process payments entirely by computerised means. The service may be used for both the collection of payments for clients (debits), and for the making of payments to creditors (credits) .
Namclear’s Namswitch ATM service enables any participating bank customers to draw money from any ATM belonging to another participating bank. This service supports both the Debit and the Credit card products. All local transactions are switched between an issuing and an acquiring bank.
The Cheque Service in Namclear facilitates the clearing of cheques between banks in Namibia. The Cheque Service receives and validates the code line data from the remitting banks, and collates the information for the respective receiving banks.