The Heartbleed Bug is a serious vulnerability in the popular OpenSSL cryptographic software library. This weakness allows stealing the information protected, under normal conditions, by the SSL/TLS encryption used to secure the Internet. SSL/TLS provides communication security and privacy over the Internet for applications such as online payments, web, email, instant messaging (IM) and some
MasterCard has announced the licensing of Guaranty Trust Bank (GTBank) to issue MasterCard debit, credit and prepaid cards in Kenya. The collaboration is expected to increase the adoption of electronic payments in the country, especially in the retail banking sector. James Wainaina, Vice President and Area Business Head, MasterCard East Africa said: “MasterCard’s vision for
The year 2013 saw an enormous influx of consumers flocking to mobile banking, with 74,000 new users joining mobile banking each day. Javelin Strategy & Research has released Mobile Banking, Tablet and Smartphone Forecast 2013-2018: Smart Device Adoption Drives Mobile Banking Boom, which outlines a five-year forecast of mobile banking and mobile phone and tablet
In a bid to back up government’s efforts in enhancing financial inclusion, the CRDB Bank has been investing heavily in expansion of its network to take services closer to customers. Tanzania recently launched the national financial inclusion framework to focus on priorities like payment platforms, infrastructure and consumer protection, with an overall goal of giving
Nairobi county governor Dr Evans Kidero has signed an agreement with online payment platform JamboPay in a move to stamp out corruption in revenue collection in Kenya’s capital. The e-payment platform will be accessible through mobile phones, online, and physical agents. In the agreement signed at City Hall with Danson Muchemi, JamboPay chief executive officer
NCR Corporation, has announced the appointment of a major channel partner, Shanghai Anmao Information Technology Company, as its reseller for the full range of NCR POS (point-of-sale) solutions, including the NCR SelfServ Checkout. NCR offers a complete complement of hardware, software and services geared to make every day easier at fueling stations, hypermarkets and supermarkets
One of Africa’s largest banking groups, Access Bank Plc, has announced its audited result for the financial year ended December, 2013. An analysis of the results released on the floor of the Nigerian Stock Exchange today validated the Bank’s capacity for sustainable growth. The results showed an increase in the Bank’s deposit base from N1.201
In a recent article by the Mail and Guardian newspaper Informal consensus within the private sector saw South Africa ranked third, behind Russia and China in terms of cybercrime. It is with this in mind that the South African Banking Risk Information Centre (SABRIC) has issued a warning to banking customers about email hacking and
Fiserv, a provider of financial services technology solutions, has announced new real-time electronic payments monitoring capabilities to prevent fraud. The solutions protect clients from the ever increasing threat of payments fraud, covering both international and domestic payments for Automated Clearinghouse (ACH) and wire (Fed and SWIFT), and complement the enhanced SWIFT Sanctions Screening capabilities now
Unified Payment Services Limited, the leading Payments Industry Service Provider announces the introduction of a new service platform, Payarena. Payarena offers customers access to Value Added Services which include purchase of Airtime (Virtual Top Up, Prepaid PINs, Blackberry subscriptions, Data bundle plans etc.) for all Telcos in Nigeria; payment of bills to major service providers
