Semafone has further strengthened its position to become one of the few technology vendors to achieve the highest level of PCI (Payment Card Industry) certification, achieving the PCI DSS Level 1 accredited Service Provider status, confirming that its solutions are in line with the Payment Card Industry Data Security Standards (PCI DSS) for “Level 1”
Ugandan startup Beyonic has developed a cloud-based platform allowing businesses to make, track and manage payments to mobile money accounts across numerous providers. Beyonic was named a finalist in the finance category for this year’s edition of the PIVOT East conference to be held in Nairobi on June 24 and 25, and will benefit from
As part of Standard Bank’s Business Banking offering they offer access to an overdraft facility up to an agreed limit. Under the new Basel rules, banks are required to raise the quality and quantity of the regulatory capital base. In their statement Standard bank said: “As a bank, we are obliged to hold capital against
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that Kenya Commercial Bank, has launched its in-house processing centre built on TranzWare products from Compass Plus. Kenya Commercial Bank set out to replace its entire retail banking system, previously built on separate solutions from different
Allied Wallet, a globally leading provider of online payment processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway, was recently granted the privilege to issue MasterCard and Maestro cards in various regions of Europe. MasterCard has strict regulations for any financial institution that seeks to issue payment cards. But upon review, Allied
Canadians have used their mobile phone to deposit more than 1,000,000 cheques since the Canadian Payments Association approved the cheque image rule last year to allow for mobile remote deposit capture (RDC), according to data from NCR Corporation, the global leader in consumer transaction technologies. In fact, mobile deposits have doubled every quarter since April
TSYS has announced that Walter Taylor, a senior executive with more than 30 years of technology and operations experience in the payments and financial services industry, has been named group executive, chief procurement officer, responsible for procurement, vendor management and supplier management. Prior to joining TSYS, Taylor served as executive vice president, strategy, of Genesis10,
South African IT education firm Tremendis Learning will launch the first Bitcoin ATM in Africa in Johannesburg by the beginning of next month, hoping to educate and boost support for the cryptocurrency. The initiative is led by director at Tremendis Learning Monre Botes and business partner Rolf Deppe. Speaking of local support for the currency,
Telr has announced the formation of a strategic partnership with Aramex, the regional leader in logistics, and with the hiring of Sirish Kumar as CFO and Co-Founder, is set to revolutionize the payment gateways in Middle East, Africa and South East Asia. Within a few short months of announcing its launch in March ‘14, Telr,
The World Economic Forum (WEF) has named Capitec Bank as one of Africa’s 16 most dynamic Global Growth Companies (GGCs). Capitec Bank, South Africa’s leading retail bank for individuals, was the only bank in South Africa to make the list, which includes just 6 South African companies from various sectors. Commenting on the World Economic
