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Online Banking Fraud Keeps Banking Ombudsman On Its Toes Two Years Running

The Ombudsman for Banking Services (OBS) has released its Annual Report highlighting some interesting statistics for its operations for 2018. Key highlights for the year are:

SARB Announces the Adjustment of Interchange Rates for Transactions Emanating from ATMs

The purpose of this communiqué is to announce the adjusted interchange rates for automated teller machines (ATMs). The South African Reserve Bank (SARB) annually reviews interchange rates for transactions emanating from Read More →

RBR Research Reveals that the Number of ATMs Worldwide Drop as Demand for Cash Decreases

Brand-new research shows that the number of ATMs installed worldwide fell by 1% in 2018, to stand at 3.24 million, impacted by branch closures and the rising popularity of mobile Read More →

RBR Report Reveals Smart ATM Deposits are Continuing to Grow

Popular with both banks and customers, smart ATM deposit continues to grow 1.2 million ATMs worldwide now offer automated note deposit, as banks look to reduce costs and improve customer Read More →

FSS Makes Strategic Investment in Africa-based Ecentric Payment Systems

FSS (Financial Software and Systems), a global PayTech company, has announced a strategic investment in Ecentric Payment Systems, a Standard Bank subsidiary and a leading payment processor in South Africa. Read More →

Off-Site ATMs Playing Increasingly Vital Role in Financial Inclusion – RBR

There were 3.3 million ATMs worldwide at end-2017, of which 51% were located away from branches. The number and share of off-site ATMs continue to increase, with over 15,000 Read More →

SBM Brings World Elite Mastercard to Mauritius

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. Read More →

ATMIA and the ATM Security Association Join Forces Permanently

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 Read More →

Mastercard Names Paul Stoddart President of New Payment Platforms

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 Read More →

SINNAD Migrates Processing Business to New Platform based on Compass Plus Products

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 Read More →

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