The latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed a slight increase in ATM withdrawal levels for October 2013 and illustrates that consumers are bracing themselves for the upcoming festive season. The
Diebold, Incorporated is adding cash recycling capabilities to the automated teller machine (ATM) fleet of UniCredit Banca, part of UniCredit Group, one of Europe’s leading commercial banks operating in 20 countries. A three-year hardware and maintenance services agreement will add approximately 970 Diebold Opteva® ATMs across UniCredit’s network. More than half of the terminals will
The Western Union Company announced that Scott T. Scheirman, Executive Vice President and Chief Financial Officer, will be leaving the company on February 28, 2014. Mr. Scheirman will serve as the Chief Financial Officer through December 31, 2013, and then he will serve as a senior advisor to the Company during the transition, while a
Explore the latest developments, challenges and opportunities by attending South Africa’s foremost Next Generation Payments event and hear from highly distinguished speakers coming from the SADC region and internationally based expert speakers; a 3 day event running from 5,6 and 7 March 2014. The increasing use of mobile platforms, retail cash sending transfers, near field
FNB Zambia and Visa have introduced the annual Card Security Briefing, an initiative aimed at creating greater awareness amongst consumers to adopt cards as a safe and convenient way to make their daily purchases. Over time, cards have increasingly become popular way of paying for goods and services in Zambia. FNB forecasts that the value
Tackling fraud and extending banking services to previously underserved populations are just some of benefits Lorenzo Gaston, Technical Director of the Smart Payment Association (SPA) will highlight when he takes the stage today at www.cartes.com to explain why the Time is Now for Biometrics in Financial Services. The introduction of biometric cardholder verification represents an
First Data Corporation and Oberthur Technologies announced a strategic partnership to manage and promote EMV in the United States. First Data is a global leader in electronic commerce and payment processing. Oberthur Technologies is one of the world’s largest providers of security and identification solutions and services based on smart card technologies. The partnership will
Leading corporate risk prevention consultancy and analyst UKFraud has released an interim update on their on-going research and market analysis of mobile payments and related mobile initiatives. The findings follow an earlier warning to stakeholders about a ‘cocktail of emerging risks’ as a consequence of rapid growth in the global mobile payments market. Key findings
FNB have expanded their digital banking reach into Africa by launching their Banking App and other digital banking services seamlessly into their African subsidiaries. According to FNB, the Banking App has amassed over 600 000 active App users in the South African market. The first of its kind to launch in Africa in July 2011,
In recent months there has been an increasing trend for gaming companies to get creative with payments. With new technologies emerging all the time, gaming companies are constantly finding ways to make in game payments quicker and easier. Here is a rundown of some of the innovations gaming companies have been making in the payments
