5 Mobile Technologies That Could Change Payments

In recent weeks there has been an influx of new mobile technologies. The Samsung Galaxy Gear, PayPal Beacon, Google Motorolla / Skip, Apple iBeacon and Google Glashion now include key features that can enable payments. Samsung Galaxy Gear The Galaxy Gear, Samsung’s now official and it’s quite different to anything you’ve seen before. It is

PayU now Enables Customers to Purchase Airtime and Electricity Online

In their bid to making online payments in South Africa easier and more convenient, PayU, SA’s largest online and mobile service provider has just incorporated online airtime and electricity purchasing into their offering. “We are always looking for innovative ways to add customer value,” says Mark Chirnside, CEO of PayU. “Our ever-increasing product offering is

Ecobank Signs Agreement to Support SME’s with the African Guarantee Fund

The official signing ceremony for a co-operation agreement between Ecobank Transnational Incorporated (“Ecobank”), the leading pan-African banking group, and the African Guarantee Fund (“AGF”) to promote and support small business across Sub-Saharan Africa occurred recently. Under the terms of this USD 50 million agreement, the two institutions will work together to unlock the potential of

ACI Worldwide Strengthens Position in Electronic Bill Payments with Acquisition of Official Payments

ACI Worldwide a leading international provider of payment systems, and Official Payments Holdings, Inc. a leading provider of electronic bill payment solutions, announced that they have entered into a definitive transaction agreement. Under the terms of the agreement, ACI Worldwide will acquire Official Payments in an all cash transaction for $8.35 per share. The boards

Stakeholders to Discuss Challenges of Electronic Business in Nigeria

The challenges faced by owners of electronic businesses in Nigeria will be discussed by stakeholders from various industries and sectors at the e-Business Fair organised by Connect Nigeria, an information search portal. Emeka Okafor, chief executive officer (CEO) of Connect Nigeria, said the goal of the fair is to raise public awareness on e-business and

Kenyan Government Announces Rollout of Secure Online Transactions

The Kenyan government will roll out digital signatures in the next two months to ensure an online identity and verification system to enhance security for online transactions. Speaking at the African Internet Governance Forum (AfIGF) at the Multimedia University in Nairobi, Fred Matiangi, cabinet secretary of information and communication technology, said the digital certificates will

NCR Signs Five-Year Services Agreement with China Resources Bank

NCR Corporation the global leader in consumer transaction technologies, today announced it has signed a five-year technology services agreement with China Resources Bank of Zhuhai. NCR will provide hardware maintenance services for more than 200 units of NCR-branded automated teller machines (ATMs) installed at the bank to help drive higher availability and improve the bank’s

Capitec Posts 39% Growth In Tough Conditions

Capitec Bank reported an increase in headline earnings of R271m to R971m, for the six months to end August 2013, up 39% compared to the same period a year ago. Headline earnings per share for the period was up 20% to 844 cents, as growth per share was diluted due to the rights issue in

Retailers Go Omni-commerce with Heartland and Bigcommerce Partnership

Heartland Payment Systems one of the nation’s largest and fastest-growing payment processors, and Bigcommerce, the leading e-commerce platform for innovative businesses, announced the launch of Heartland’s Online Storefront. The industry’s most comprehensive integrated e-commerce platform, Heartland’s Online Storefront enables merchants to launch their online stores in less than one hour or upgrade their existing e-commerce

5 Ways to Cut Costs on Credit Card Processing

One frequently overlooked business expense is credit card processing. Owners tend to grab the first offer they receive. Since it is typically only a small percentage of each sale, many business owners do not think twice about how much it costs them each month. If you’re still using the same credit card processing company you