There was a massive breach in South Africa’s banks last week resulting in tens of millions of rands in losses. The breach was caused by a malicious malware called Dexter which was unknowingly installed on the POS terminals of a number of fast food chains. It is believed that the malware was implemented by an
With the launch of the Pick n Pay smart shopper mobile app, customers can now access all the benefits of South Africa’s favourite rewards programme anytime. With about 12 million smart phones in circulation in the country, they¹re the one thing that many South Africans just can’t do without. With this in mind, Pick n
Absa Bank Limited and Absa Financial Services Limited, subsidiaries of Barclays Africa Group Limited, announced that Louis von Zeuner has resigned from the boards of Absa Bank and Absa Financial Services, with effect from the end of September 2013. Von Zeuner relinquished his full-time executive role as Deputy Chief Executive of Absa Group in December
Leading Regional East African retail chain Nakumatt Holdings Limited today launched the Nakumatt Global Prepaid MasterCard card, in partnership with Kenya Commercial Bank and Diamond Trust Bank. The new card, which is EMV compliant, replaces the current Nakumatt Cybercash loyalty smartcard and provides a range of enhanced benefits and security features. With the multicurrency Nakumatt
VeriFone Systems, Inc. announced the availability of Commander Site Controller, the company’s next generation site management solution, and Ruby2 a touch-screen point of sale (POS) solution, both designed to provide greater efficiency, faster payment acceptance and new management capabilities that maximize profit potential for convenience store retailers. Commander Site Controller is purpose-built for rugged c-store
Revel Systems, the leader in iPad point-of-sale (POS) solutions announced that they will offer PayPal’s mobile payment capabilities as an integrated service within the Revel POS solution. According to the analyst firm Heavy Reading, the mobile payments market is poised to reach $1 Trillion by 2015. Revel’s integration with PayPal is part of a new
Traveling abroad and sending money home by foreigners are just a few of the reasons people check currency exchange rates and money transfer services, only partially accounting for the rise in numbers of transactions in the last ten years. With an increasing number of companies offering these services, consumers are often at a loss as
NCR Corporation announced that it is extending its relationship with leading Finnish ATM network operator, Automatia. The engagement includes an innovative ATM solution to withstand the extreme low-temperatures in Finland, as part of a deal to replace 400 older, non-NCR ATMs and 200 NCR Personas series ATMs with 600 NCR SelfServ 25 and 26 ATMs.
VeriFone Systems, Inc., and National Payment Card Association (NPCA) debuted a mobile payment and rewards solution that enables convenience store and petroleum retailers to provide customers with smartphone-based payment options at the pump. Utilizing VeriFone’s Smart Fuel Controller and NPCA’s mobile payment solution, c-store and gas station operators with VeriFone payment acceptance systems can quickly
New data from Visa shows consumers are spending more online than ever before. eCommerce sales on the Visa network have surpassed $1 billion a day for 188 days in the first nine months of the year, demonstrating that billion-dollar eCommerce days have become the norm rather than the exception. The data coincides with a recent
