Capitec Bank has issued a statement to say that they do not agree with the comments in the Business Times article by Thekiso Lefifi titled ‘Capitec bubble about to burst?’. They claim it created an incorrect perception of the way the bank does business. They say there are factual errors in the comments which are misleading
Square announced Square Stand, new hardware for brick and mortar businesses that turns an iPad into a complete point of sale. With local businesses increasingly tearing out their old point of sale systems to run Square Register, Square Stand gives merchants a remarkable new way to manage and grow their business, all for the price
JPMorgan Chase announced that Mike Passilla has been named chief executive officer of Merchant Services. This newly created role will oversee Chase’s growing payments and merchant services business including Chase Paymentech, Chase’s merchant offers business, as well as Chase’s recently-announced merchant payments initiative. In 2012, Chase Paymentech processed 29.5 billion transactions with a value of
Ogone Payment Services, an Ingenico company, announced the new assignment of Peter de Caluwe as Executive Vice President e-payment taking care of the global e-payment strategy while remaining CEO of Ogone. Jurgen Verstraete, Ogone’s Chief Operating Officer (COO), will be taking up the role of Managing Director Ogone and lead the daily operational management, starting
The African Banker Awards, which will be held on the 29th of May in Morocco, has released their short-list of nominees for 2013. The African Banker Awards has the African Development Bank Group as its official patron and is sponsored by various organisations including MasterCard, BGFI Bank, Banque Atlantique, Nedbank and Ecobank. The African Banker Awards
Square has recently announced availability of its mobile POS offering in Japan. Square Register is a free app that serves as a free full point-of-sale system for businesses of all types and sizes from a mobile device. Over 4 million individuals and businesses can already accept credit cards with Square in North America, and Square
Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, CON, says the Bank remains committed to realizing the vision of providing Nigeria with a secure, robust and accessible payment infrastructure. Mallam Sanusi disclosed this recently in a keynote address to the CBN/Gartner event held at the Protea Hotel Oakwood Park, Lekki, Lagos.
At a function held at the Bank of Mauritius Tower, the Bank of Mauritius (the Bank) granted a new banking licence to Barclays Bank Mauritius Limited, a locally incorporated wholly owned subsidiary of Barclays Bank PLC, UK. Barclays Bank PLC, UK is currently conducting its banking activities in Mauritius through its branch, the Barclays Bank
Visa in Kenya announced the launch of Visa Personal Payments (VPP) in collaboration with Equity Bank, East Africa’s largest commercial bank by customer base. Visa Personal Payments is a convenient, cost-effective and secure way for consumers to send funds directly to recipients with Visa cards, both domestically and internationally. Equity Bank is the first bank
The CNP Expo is an annual event which addresses the challenges around card not present payments and is a meeting place for merchants, banks, processors, anti-fraud software providers, legal experts, alternative payment providers, card networks and others to learn how to leverage CNP payments in an increasingly multi-channel retail sales environment. At this year’s Expo, held in
