Ecobank Transnational Incorporated has been declared the most valuable brand in Africa – outside South Africa – in the annual ranking of the global banking and financial magazine ‘The Banker’ in its special edition Brand Finance Banking 500 of February 2014. Present in more African countries than any other bank in the world, Ecobank has
PayU, a South African online payment solutions provider has reported a significant increase in merchants utilising their services from various industries, with a notable increase in general retail. New merchants signed over the last 12 months include TFG, Cape Union Mart, Safair, Toys “R” Us and DionWired, amongst others, says Charles Elliman, Head of Sales
Corporate Insight, the leading provider of competitive intelligence and user experience research to the financial services industry, announced the release of its 2013 Monitor Awards. Over the past 15 years, Corporate Insight has presented its annual Gold, Silver and Bronze awards to recognize the best digital offerings in the annuity, banking, brokerage, credit card, insurance,
CardLinx, the new association that facilitates the interoperability and growth of card-linked offers (CLOs), will host the first annual CardLinx Forum on April 7, 2014 in Las Vegas. This is the first forum to focus specifically on the convergence of digital advertising and payments or card-linked offers. Speakers and panelists will discuss predictions and emerging
The new British Airways Credit Card launched in Johannesburg today, now offers consumers exceptional benefits with the best Avios earn rate in South Africa. The card is tailored to meet the needs of frequent flyers, who will earn Avios at a preferential rate on all purchases on their credit card. It is designed to reward
MasterCard has announced the appointment of Tim Murphy to general counsel and chief franchise officer, effective April 1, 2014. The appointment comes as Noah Hanft announces his retirement from MasterCard. Murphy also joins the company’s Executive Committee. Murphy, 46, joined MasterCard’s Law department in 2000 and became senior vice president and associate general counsel in
Guaranty Trust Bank plc (GTBank) has now concluded the acquisition of a 70% stake in Fina Bank Group, after securing the required regulatory approvals in the 3 East African countries – Kenya, Rwanda, Uganda as well as in Nigeria. GTBank acquired a 70% stake in Fina Bank Group through a combination of capital injection as
On Track Innovations Ltd. (OTI) a provider of secure cashless payment solutions based on contactless transactions and near-field communication (NFC), announced that its OTI WAVE technology has been certified for inclusion in Visa’s Compliant Products List. The OTI WAVE is an NFC add-on for smartphones, tablets and PCs. The OTI WAVE is the industry’s first
The growth in e-commerce transaction volumes and the increased adoption of mobile phoned the way consumers are now shopping has changed. With this in mind, Visa recently released an overview of best practices for mobile issuers. Compared to traditional e-commerce from a laptop or PC, browser based mobile commerce (m-commerce) is still in its infancy
Target Chief Financial Officer John Mulligan, in testimony before the Senate Committee on the Judiciary in Washington, D.C., announced that the company will be accelerating its implementation of smart card technology designed to dramatically reduce the threat of credit and debit card fraud among guests shopping in its stores. Mulligan appeared on behalf of Target
