A major storm looks set to rock the South African online scene as some of the country’s largest e-commerce players square up against its biggest banking powers over online fraud detection. The heads of companies including Groupon South Africa, Takealot and uAfrica have formed an alliance expressing opposition to a new regulation which forces them
On Sunday 21 July, the SADC (South African Development Community) Integrated Regional Electronic Settlement System (SIRESS) was successfully implemented in a live environment for the four countries of the Common Monetary Area: South Africa, Namibia, Lesotho and Swaziland. All participants in Lesotho, Namibia and South Africa successfully participated in the implementation activities on Sunday 21 July
Bank of Ningbo has successfully gone live with a multi-vendor open ATM software platform from NCR Corporation. The bank’s fleet of more than 500 ATMs are running on NCR APTRATM Edge, a multi-vendor software application, and the network has been migrated to be compliant with EMV1 (PBOC 2.02) card payment standards. NCR has installed its
Airtel Networks limited has entered into a partnership with Equity Bank in Kenya and First Bank of Nigeria that will offer comprehensive mobile commerce solutions to their customers in Kenya and Nigeria, through Airtel Money. In Kenya the service, available to all customers with Airtel lines, will enable customers from both Airtel and Equity Bank
In recent ThinkMoney research, Capitec, FNB and Nedbank were revealed as the leading consumer bank accounts in South Africa. This was according to nearly 7 000 bank account reviews written by ThinkMoney users, who voted Capitec, FNB and Nedbank accounts as the most popular, both in terms of the number of reviews and a high
MasterCard has signed a deal with regional card processor Paynet Group to partner in a local initiative geared towards encouraging the switch from magnetic strip to EMV cards. Dubbed “The Great Migration to EMV Chip,” the local initiative brings together various stakeholders in Kenya’s banking and payments technology sectors in an effort to hasten the switch
MasterCard and The Leading Hotels of the World announced an agreement to provide MasterCard cardholders offers at participating hotels globally. As the largest luxury hotel collection, with more than 430 of the world’s greatest properties in over 80 countries, Leading Hotels is uniquely aligned with MasterCard’s Priceless Cities program to offer memorable travel experiences. All
ABI Research forecasts that cumulative online ID and authentication shipments into the banking market vertical will total 1.6 billion in 2018; an increase of 945% when compared to 2012. Cumulative shipments include secure USB tokens, standalone OTP generators, portable smart card readers, and mobile device software applications. Of the 2018 shipment total ABI Research forecasts
MasterCard and Visa Inc. announced an agreement to license their respective common U.S. debit solutions to each other to meet the industry need for a streamlined approach to route U.S. chip debit transactions over multiple, unaffiliated networks. Visa and MasterCard have made certain proprietary EMV chip technologies available to each other and other networks, enabling
The ATM Industry Association (ATMIA), the only global non-profit association for the ATM industry, today paid tribute to the work of hacker Barnaby Jack, who died unexpectedly in San Francisco last week. “Many of us in the ATM industry are saddened to hear of the passing of Barnaby Jack at a relatively young age,” commented
