EMVCo Publishes Security Requirements for MFA Payment Solutions

Posted on by Staff Reporter | 44510 Views | 10 min read

EMVCo has released security requirements to support the development of multi-factor authentication (MFA) solutions capable of preventing or detecting attacks that could compromise the security of payment authentication. The ‘Multi-Factor Authentication Solutions for Payments Security Requirements’ document is publicly available from the EMVCo website. MFA is an authentication method that requires the payee to provide

NCR Achieves 20 Consecutive Years as Self-checkout Global Market Leader

Posted on by Staff Reporter | 16876 Views | 6 min read

NCR Corporation, a leading enterprise technology provider, has been recognized as the world’s largest self-checkout vendor in Global EPOS and Self-Checkout 2023 from RBR Data Services. NCR has proudly held this dominant position since 2003. According to the report, more than 190,000 self-checkout (SCO) units were delivered to customers globally in 2022, the second-highest year

Mukuru Partners with Training Platform Digemy to Launch Free Financial Literacy Tool for Customers

Posted on by Staff Reporter | 31981 Views | 11 min read

Mukuru, the leading next-generation financial services platform headquartered in Cape Town, has announced a partnership with online learning platform Digemy to provide financial literacy education for its users. Mukuru CSI Manager Deidré Vrede says the fintech business, which connects with underserved and unbanked users across the continent and walks them along a digital financial journey,

Independent ATM Deployers Remain Resilient Thanks to New Deals with Banks

Posted on by Staff Reporter | 126884 Views | 16 min read

Non-bank ATM operators bounce back from the pandemic with acquisitions of bank terminals to expand their reach, boosting fleet numbers and increasing functionality Non-bank deployers find growth opportunities in a changing climate The latest research from RBR Data Services’ Global ATM Intelligence Service reveals continued expansion in the independent ATM deployer (IAD) sector worldwide. While

Banks that Ignore the Human Element of Digital Transformation are Certain to Fail

Posted on by Staff Reporter | 16124 Views | 23 min read

For hundreds of years banks have put financial excellence at the heart of their operations. But as traditional banks rush to compete with the nimbler fintechs and digital-only challenger banks, too many leaders are neglecting the human element of their digital transformation programmes and the result of this neglect could end up costing them far

New-to-Credit Users: South African GenZs and Millennials are the Building Blocks for Greater Financial Inclusion

Posted on by Staff Reporter | 6712 Views | 19 min read

Millennials (aged between 27 and 42 years old) and GenZs (aged between 11 and 26 years old) constitute a large proportion of the South African population. As individuals building their careers, students entering the labour market and learners maturing into young adults, they represent the economically active citizens of the future. As such, their entry

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

Posted on by Staff Reporter | 120582 Views | 11 min read

enza’s innovative Payment Orchestration will enable Wema Bank to provide secure and reliable payment options at a reduced cost enza, the acclaimed new disruptor in the African payments market today announced its strategic partnership with Nigeria’s most innovative bank, Wema Bank. Through this partnership, enza will engineer its innovative payment orchestration solution to expand Wema’s

Tackling Payment Fraud Head-On in South Africa’s Mining and Construction Industries

Posted on by Staff Reporter | 7392 Views | 19 min read

As one of the top ten mining countries in the world, South Africa’s economy relies heavily on this industry as well as those closely related to it, such as construction. Yet this also makes these industries attractive targets for cyber criminals. The mining industry is among the most at-risk industries for fraud and in some

How Scan to Pay is Unleashing the Power of QR Code Payments in South Africa

Posted on by Staff Reporter | 57046 Views | 15 min read

The QR code payment industry has seen a surge in adoption in recent years, with estimates suggesting a global market value of USD$9.98 billion in 2022. QR codes are seeing a marked increase in popularity in South Africa as well, says Pieter Roux, President Payment Strategy at Ukheshe. From the brand evolution of Masterpass to

ATMIA Releases Comprehensive Next Gen Standards Guide

Posted on by Staff Reporter | 114724 Views | 7 min read

The ATM Industry Association (ATMIA) Next Gen Consortium proudly announces the release of the Next Gen Standards Guide, marking the successful conclusion of Phase-3 in the reinvention of the ATM industry. This ground-breaking guide empowers Next Gen ATM providers to develop, test, and certify Next Gen software, setting the stage for ongoing innovation in the