The world of payments is evolving, and the future of payments security will see a number of developments as more people embrace online and mobile payments. The consumer environment is seeing an exponential growth in the number of connected devices that people are interacting with in their daily lives. This growth is shaping the new
One of the biggest challenges facing financial services organisations that are embarking on digital transformation initiatives, is to integrate data while still ensuring business continuity. For Namibian-based Capricorn Group, Veeam® Software provided the assistance it required for this journey. Working with its partner Complete Enterprise Solutions, Veeam rolled out its availability solutions encompassing backup and
More than 160 out-of-school, unemployed or self-employed young women between the ages of 18 and 35 have graduated today from the Junior Achievement South Africa (JA South Africa) Youth Enterprise Development Programme 2017. This Mastercard-funded initiative empowers women to pursue entrepreneurial ventures of their own. Over the 20 week programme, the women participated in theoretical
An African record has been set for the FICA process which used to take anywhere from two days to two weeks. It is now completed within three minutes thanks to an innovative South African’s fintech startup, ThisIsMe. “ThisIsMe has set a new African record for the compliance process known as Know Your Customer (KYC) and
The South African financial technology company that brought card-payment systems to smaller businesses as far back as 2008 has just announced a new integrated payment solution that will benefit franchise store owners, larger independent retailers and franchise owners. Sureswipe is SA’s first independent payment service provider to offer a fully integrated payment solution with acquiring
The Gauteng Provincial Government will in the next three months introduce a pilot project for a single e-ticket for public transport users. A similar card-based pilot project was introduced in Pretoria last year by the South African National Taxi Council (Santaco) for minibus taxi commuters on the Johannesburg, Pretoria and Mabopane (JPM) route. However, according
FNB announced that customers who use its award winning banking app will no longer need data to access it via their smartphones from 1 July 2017. This follows an agreement with all major mobile network operators in South Africa to zero rate access to the FNB Banking App allowing all customers to use it at
Direct Pay Online (DPO) Group, through its South African subsidiary DPO SA, have announced the acquisition PayThru South Africa, a cloud-based payment gateway that specializes in the integration of mobile devices. The acquisition is in line with the Group’s strategy to strengthen its positioning in South Africa and establish itself as the leading payment service
Over the last few years there has been a significant increase in debit orders processed to bank accounts without permission (a mandate) from consumers. On the other hand, irresponsible consumer behavior, where bank customers are disputing debit orders that do have valid mandates, at their banks, has also become a huge concern for the industry.
The days of businesses waiting for paper or voice authorisations from customers to start customer debit orders and recurring payments are over. Fintech startup Direct Debit recently launched E-Mandate, a valid electronic agreement that allows customers to sign and authorise debit orders and recurring payment transactions online from any web-enabled device. Jaco van Wyk, co-founder
