The Board of FirstRand Limited announced that Jacques Celliers will succeed Michael Jordaan when he steps down as CEO of First National Bank at the end of this year to spend more time with his family. Dr Jordaan, who has commuted for 5 years to and from his family home in Cape Town, first indicated
Earthport, the UK listed cross-border payments service provider, today announced the roll out of a fully automated payment service into Morocco. According to the release Morocco is one of the top remittance destinations on the African continent and the second largest remittance country in North Africa with an estimated $6.4 billion worth of payments received in
Dr. Alex Otti, the Group Managing Director/CEO of Diamond Bank, has won the USAfrica Best of Africa 1st International Banker of the Year 2013 award. The trophy was handed to Dr. Otti — on behalf of USAfrica — by the leading candidate for the Mayor of America’s 4th largest city Houston and former city attorney,
ROAM, an Ingenico company and mobile commerce platform provider, and iPayment, Inc., a leading acquirer (and a registered ISO/MSP of Wells Fargo Bank, one of the USA’s largest banks), announced a new program in which iPayment will use ROAM’s mobile commerce platform to deliver a suite of mobile point of sale (mPOS) solutions to its merchants
VeriFone Systems, Inc., announced today new countertop, portable and mobile payment systems and mobile POS software designed for acquirers and ISOs. VeriFone’s new, future-proof payment acceptance systems include: VX 520 Color: A new version of the popular EMV-capable VX 520 that features a 3G option, a vivid LCD color display and provides an improved user
Vantiv, Inc. announced today a strategic relationship with NCR Corporation, to bring mobile point-of-sale (POS) and payments solutions to the small business market. Vantiv services nearly 400,000 merchant locations across the US and is the No. 1 PIN Debit processor and third largest overall acquirer in the United States by total number of transactions. Research by
The Central Bank of Kenya says that generally, the banking sector was sound and stable and recorded improved performance in 2012 as indicated by Total net assets which increased by 15.3 percent from Ksh. 2.02 trillion in December 2011 to Ksh. 2.33 trillion in December 2012, with the growth being supported by the increase in
Visa’s new mobile point-of-sales (mPOS) device that makes it much easier and cheaper for smaller and medium enterprises (SMEs) to accept card payments, was showcased at the Visa stand at this year’s Tourism Indaba in Durban. Taking on a ‘plug-and-play’ approach, the mPOS device can simply be connected on to a mobile phone enabling business
Amazon has announced that customers can now use Amazon Coins to purchase apps, games and in-app items in the Amazon Appstore and on Kindle Fire. To celebrate the launch, existing and new Kindle Fire customers in the U.S. have had 500 free Coins—a $5 value—deposited into their Amazon accounts. For customers, Amazon Coins is an
Cambria announced it has executed agreements with a subsidiary of Johannesburg based Nisela Capital (Nisela) relating to the placement of US$ 2 million in convertible debt into its Payserv subsidiary. Half the proceeds of the financing will remain with Payserv, the other half will flow to Cambria. Proceeds of the financing will be used to
