SBM launched the World Elite Mastercard credit card, providing its high net worth cardholders with a range of priceless benefits and privileges that can be accessed at home and abroad. This is the first launch of World Elite Mastercard in Mauritius. During the launch ceremony held at Le Chateau de Labourdonnais in Mapou on Friday
The ATM Security Association (ASA) and the ATM Industry Association (ATMIA) this week signed a final agreement to join forces and work together on a permanent basis. ASA will retain its name and logo and will now fall under the governance and ownership of ATMIA. “After just over a year of fruitful discussions, negotiations and
Mastercard has announced the appointment of Paul Stoddart as president, New Payment Platforms, effective March 1, 2019. Stoddart succeeds David Yates, who will transition into a senior advisory role focused on real-time national and cross-border payments strategies. In this role, Stoddart will oversee the development and strategic integration of Mastercard’s real-time payments capabilities beyond traditional
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that SINNAD, a leading GCC third-party payment service provider based in Bahrain, has deployed a new processing platform built on TranzWare and TranzAxis. As part of a major strategic expansion plan, SINNAD – a subsidiary of
This is the last of a three-part series on the importance of interoperability in the payments space. In the first article we looked at the early history of electronic payments and how interoperability played a key role in the success of credit cards and ATMs. In the previous article we will take a closer look
FNB is growing its contactless ecosystem by becoming the first bank in South Africa to offer consumers the convenience and safety of ‘Tap and PIN’ on ATM transactions. The innovation allows consumers to safely tap their contactless card on the contactless reader of an eligible FNB ATM and enter a PIN to complete the transaction
Banks are increasingly using advanced ATM software platforms to modernise customer identification and authentication, improve customer personalisation and maximise the performance of their ATMs and self-service channels. These are some of the key findings from ATM Software 2018, an in-depth survey of the world’s leading banks, examining their perspectives on the current generation of ATM
Automated Teller Machines (ATMs) have changed markedly since they were introduced. The mordenisation of this popular banking device is one of the untold success stories of digital banking evolution and financial inclusion. Lee-Anne van Zyl, CEO of FNB Points of Presence says ATM devices, which are part of FNB’s Self-Service Channel, are no longer just
Vendibit, a South African blockchain company, proudly announced re-opening and rebranding of Africas very first “VTM”, a “cryptocurrency-ATM”, sometimes called a BTM, upgraded with Vendibit blockchain technology. The machine originally launched in 2014 to offer Bitcoin purchases will be available to the public and demonstrates how easy it can be to purchase digital currencies like
FNB has become the first bank in South Africa to introduce a mini-ATM that uses biometrics as a means of validation for consumers. Known as TouchPoint, the device functions as a self-service kiosk from which customers can conduct transactional banking such as withdrawals, transfers and payments, view statements, purchase airtime and electricity and perform card
