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
Absa Bank, a subsidiary of Barclays has launched Multi-Currency Cash Passport – South Africa’s first reloadable prepaid travel Multi-Currency Card. The card allows cardholders to load multiple currencies on the same card. Cardholders can currently load up to four currencies on the easy-to-use card: US dollar, British Pounds, Euro and the Australian Dollars. More currencies
Nedbank is entering the Mozambican banking market by acquiring an initial 36.4% shareholding in Banco Unico for $24.4m, subject to various conditions and regulatory approvals both in Mozambique and South Africa. Banco Unico is currently the sixth largest full service bank in Mozambique, established in 2011 by the Portuguese Investment company Group Americo Amorim Holdings
CitiDirect Banking Evolution, Citi’s institutional online or e-banking platform, has again been ranked number one in Greenwich Associates’ Online Services Benchmarking study. This is the fifth consecutive year that Citi has received this distinction in the study, which gauges “Best of Breed” features/functionality in the online/electronic channel that differentiate treasury/cash management providers globally as well
Visa Inc. announced a processing enhancement for Visa Offers, a solution that enables Visa issuers, acquirers and merchants of all sizes to deliver targeted rewards to Visa cardholders. The enhanced service has the potential to eliminate paper coupons, allowing consumers, who opt in, to earn points and discounts as well as redeem special offers instantly
MasterCard announced two appointments in the Asia/Pacific, Middle East and Africa (APMEA) region: Robert Keenan will be taking on the role of Asia/Pacific Region Lead for Debit and Jason Tymms will take over as Prepaid Lead for the Asia/Pacific, Middle East and Africa region. Rob, who has been with MasterCard since March 2005, will be
Consumer spending and ATM cash withdrawals decreased marginally in April, following a spike in withdrawal activity during the March holiday period, according to the latest statistics released by Spark ATM Systems. The Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 000 Spark ATMs throughout the country, revealed
A four-count federal indictment was unsealed in Brooklyn, USA charging eight defendants with participating in two worldwide cyberattacks that inflicted $45 million in losses on the global financial system in a matter of hours. The defendants allegedly formed the New York-based cell of an international cybercrime organization that used sophisticated intrusion techniques to hack into
