FIS Mobile Wallet Earns Prestigious Frost & Sullivan Customer Value Enhancement Award

Posted on by wademinnie | 6086 Views | 7 min read

Continuing its industry recognitions for its mobile solutions, FIS, a provider of banking and payments technology, recently earned the 2014 Frost & Sullivan Customer Value Enhancement Award for FIS Mobile Wallet. This prestigious recognition is based on extensive, independent competitive analysis of the North American mobile wallet market by Frost & Sullivan, an industry consultant

Latest Cyber Virus Highlights Importance of Secure Payment Network for SA Businesses

Posted on by wademinnie | 9995 Views | 16 min read

The variant of the Dexter virus – malware that attacks point-of-sale (POS) devices – which has resulted in financial losses for both South African banks and consumers highlights the importance for local businesses to utilise secure Virtual Private Networks (VPNs) that provide full protection against advanced threats. This is according to Mike White, Head of

CWG Partners with MTN on Mobile Payment Solution in Nigeria

Posted on by wademinnie | 9101 Views | 6 min read

Computer Warehouse Group (CWG) understands the need to have a robust platform that will support the Mobile financial services initiative and is proud to present their M- Commerce platform in conjunction with MTN Nigeria called MTN XaaS platform. In a bid to make financial services accessible to all Nigerians in a cost effective manner and

Capitec Gets New CEO

Posted on by wademinnie | 8592 Views | 16 min read

Gerrie Fourie, Capitec Bank’s new CEO, starts his year on a high-note after a strong performance in 2013, but with ambitious plans to take the bank to new heights. Gerrie plans to focus on the continued delivery of friendly, simplified and pioneering banking, but with an even stronger focus on innovation to meet clients’ everyday

ReD and Setcom Partner to Fight Card-not-Present Fraud in South Africa

Posted on by wademinnie | 12307 Views | 7 min read

ReD, a fraud prevention provider, has announced a new four year agreement with South African headquartered payment gateway, Setcom. The agreement will make ReD’s industry leading ReD Shield fraud prevention solution available to Setcom’s global merchant base, as part of an integrated fraud and payments offering. The partnership will allow Setcom to offer ReD’s proven

New Technology for Municipal Bill Payments in SA

Posted on by wademinnie | 12987 Views | 11 min read

The recent merger of Bytes Technology Group (BTG) and Altech, has led to the establishment of the Technology Multimedia Telecoms (TMT) Division of Altron. Together, BTG and Altech are set to change the face of the financial administration of local government. The bringing together of these two established technology companies has allowed for the rapid

Financial Inclusion Focus at 4th MobileMoneyExpo in Lagos

Posted on by wademinnie | 4061 Views | 9 min read

The 4th MobileMoneyExpo will focus on promoting financial inclusion in Africa, a continent that has shown great promises in the mobile financial services sphere but yet grappling with millions that are actively unbanked across all the regions. Financial inclusion has become the buzz word within the regulatory, policy,financial, innovators, technology circles and other stakeholders in

eBay Reports Results and Commerce Volume Rises to $212 Billion

Posted on by wademinnie | 7733 Views | 16 min read

Global commerce platform and payments leader eBay Inc. has reported that revenue for the fourth quarter ended December 31, 2013, increased 13% to $4.5 billion, compared to the same period of 2012. The company reported fourth quarter net income on a GAAP basis of $850 million, or $0.65 per diluted share, and non-GAAP net income

Rwandan Startup Provides Electronic Remittances at Lower Prices

Posted on by wademinnie | 11070 Views | 9 min read

Rwandan startup MERGIMS is aiming to provide a method for African diaspora to pay for products and services for their families in their home countries, minimising the need for expensive person-to-person money transfers. Co-founders Muhire Louis-Antoine and Niyo-Mugabo Gilbert pride themselves on their low customer levies, claiming to charge less than half of what international

Cambria Africa Excited by Millchem and Payserv Growth

Posted on by wademinnie | 10173 Views | 13 min read

Cambria Africa says it is excited by the prospects of the Millchem and Payserv businesses, which are being rolled out regionally. The two business units have made good progress and achieved significant milestones in their regional expansion. The latest update shows that, with the focus on Millchem and Payserv, Cambria is now looking forward positively