The Managing Director of Guaranty Trust Bank Ghana; Mr. Lekan Sanusi, says banks must strive hard to be innovative as without this they risk going out of business. “Without innovation you can’t continue to remain as a business in the minds of the customers. Customers must be able to know that there’s always something new
With almost 20 years of experience in the payment media and finance industry Ovidio Egido has been appointed as Country Manager for MasterCard in Spain. Egido has been with MasterCard since 2012 when he joined as Senior Business Leader for the country. For those two years he was responsible for the business expansion and for
The PCI Security Standards Council (PCI SSC), an open global forum for the development of payment card security standards has testified before the U.S. Senate Subcommittee on National Security and International Trade and Finance. The Council was asked to participate in the hearing on “Safeguarding Consumers’ Financial Data” because of its role in designing and
FNB has expanded its dotFNB branch footprint by opening the first cashless bank branch on the West Rand. The new dotFNB branch has opened at Cradlestone Mall, the newly developed shopping complex in Mogale City. Following the success of the first dotFNB branch, which opened in April 2012 at Nicolway Shopping Centre in Bryanston, a
ACI Worldwide, a provider of electronic payment and banking systems, has announced that Genesis Financial Solutions has selected ACI Bill Payment Solutions to facilitate customer loan payments. Genesis Financial Solutions, a leading U.S. consumer finance company, was using multiple legacy systems across different lines of business and funding sources. As its business grew, the complexity
BPC Banking Technologies, a provider of open system payment solutions for the global financial industry, has announced the launch of a new solution designed to improve the profitability of ATM networks in the U.S. marketplace. With its new cash management and forecasting solution, deployed as part of the Company’s SmartATM offering, operators can dramatically reduce
Citi has launched its redesigned Citi Mobile app for iPhone and Android devices to provide U.S. banking and credit card customers with new and enhanced mobile account management capabilities. New features, a cleaner, sleeker design, intuitive navigation and alerts on-the-go have been added to make it faster and simpler for customers to check balances, transfer
Ingo Money has announced the addition of Lisa McFarland as executive vice president and chief marketing officer. In this role, she will lead product strategy and marketing for the company’s Ingo Money Network and Ingo Enterprise Solutions business lines. McFarland brings nearly two decades of expertise in product development, marketing and strategic sales support for
The number of people receiving money in KZN via FNB’s eWallet grew by 89.3% in 2013, showing that mobile money is fast becoming an accepted replacement for person to person cash payments. KZN is second behind Gauteng for most receipts of money via FNB eWallet. There was over R500 million withdrawn from eWallets in the
South Africa’s National Treasury has published its Electronic Services Regulations for public comment, following last year’s budget requiring foreign businesses supplying e-books, music and digital services to register as value-added tax (VAT) vendors. The regulations, according to the National Treasury, are part of the government’s bid to bring e-commerce under the VAT regime, as currently
