Since its launch in May this year, Absa’s Multi-currency prepaid travel card has generated 12 000 card sales and more than R250 million in transactions. From a zero base six months ago, the service now accounts for 77% of all Absa travel card sales. In a first-to-market in South Africa, the cash passport allows South
Nedbank Group unveiled Africa’s first ever banking branch that fully offsets its energy usage through renewable energy sources. The Lansdowne Corner branch situated in Cape Town utilises an innovative hybrid power installation, effectively making it a 100% off-the-grid outlet. The grid-tied renewable energy system harnesses solar and wind energy and converts this to standard mains
Every dollar matters when people are starting and running a new company. Every dime, every penny. PayPal itself was a very small startup company just 15 years ago. PayPal also knows how important the startup ecosystem is becoming and that’s how their Startup Blueprint program was born. If you want to accept payments from your
ARBA Retail Systems announces certification of the Touch Dynamics Breeze All-In-One Touch Terminals for use with the ARBAPRO POS Software Suite after performing multiple usage tests to ensure compatibility and performance. Touch Dynamic was selected as a hardware partner by ARBA Retails systems due to their commitment to providing the best quality products and customer
MasterCard announced the launch of the first bank-issued digital wallet service in Australia powered by MasterPass – CommBank Checkout from Commonwealth Bank. Commonwealth Bank customers shopping online with CommBank Checkout will now be able to make purchases at thousands of MasterPass-enabled online retailers around the world – and more than 200 Australian retailers including; Event
Visa Inc. announced financial results for the Company’s fiscal fourth quarter and full-year 2013. Net income for the fiscal fourth quarter was $1.2 billion or $1.85 per share, an increase of 15% and 20%, respectively, over the prior year adjusted results. Net income for the fiscal full-year 2013 was $5.0 billion or $7.59 per share,
The PCI Security Standards Council (PCI SSC), an open, global forum for the development of payment card security standards, has published version 3.0 of the PCI Data Security Standard (PCI DSS) and Payment Application Data Security Standard (PA-DSS). Available now on the PCI SSC website, version 3.0 becomes effective on 01 January 2014. Version 2.0
Standard Bank Group has expanded its Africa footprint with the opening of a representative office in the Ivory Coast (Côte d’Ivoire). This means that Standard Bank, which is the largest African banking group by assets and earnings, now has operations in 19 African countries. The representative office, which is based in Abidjan, officially opens for
American Express and VeriFone Systems, Inc. announced a new partnership that enables eligible Card Members to use Membership Rewards points from American Express for their fare in NYC taxi cabs – in real-time, on the Taxi TV screen at the end of the ride. The program will roll out on VeriFone’s in-taxi devices that process
Equity Bank Group’s focus on enhancing affordability, accessibility and convenience has seen its growth momentum maintained for the period ended 30th September 2013. The regional banking group has posted a 17% growth in customer deposits, a growth of Kshs.28 billion to Kshs.190 billion up from Kshs.162 billion. The impressive growth has been enabled by massive
