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
Rand Merchant Investment Holdings through AlphaCode, RMI’s innovation hub for fintech entrepreneurs and Nedbank Private Equity (NPE) through its private equity investment vehicle, BoE Private Equity Investments, have each acquired minority shareholdings in Entersekt in a multi-million dollar transaction. Entersekt is a Stellenbosch-based innovator that has developed world-class push-based authentication and app security technology. The
The recent WannaCry attacks have underlined, underscored and highlighted how absolutely important it is to patch a computer, avoid opening unknown attachments and recognise risk when it arrives in an inbox. And, while there is no connection between the ransomware and online payment fraud, both rely on trust and lack of awareness to perpetuate their
The South African Social Security Agency (SASSA) continues to receive queries about the expiry date of its payment cards and implications thereof from beneficiaries of social grants. The expiry date reflected in the current SASSA card is December 2017. We wish to put it on record that no beneficiary of social grants will be affected
This article was originally published on the Paycorp blog. It starts very early in the morning on the first working day of every month: 17 million South Africans go to their nearest ATM to withdraw their government (SASSA) grant. It almost doesn’t matter what time you get there, you’ll find a queue of South Africans
FNB has become the first bank in South Africa to introduce a non-cash dispensing ATM with deposit capability. These ATMs are a smaller version of the standard ATM which FNB introduced in 2013 as a way of bringing banking services directly into communities. The roll-out out of the new generation of ATMs seeks to improve
FNB has become the first bank in South Africa to introduce a non-cash dispensing ATM with deposit capability. These ATMs are a smaller version of the standard ATM which FNB introduced in 2013 as a way of bringing banking services directly into communities. The roll-out out of the new generation of ATMs seeks to improve
Deloitte announced the launch of Digital Bank, a new services offering for banks to accelerate their digital transformation. Based on the Salesforce Intelligent Customer Success Platform and utilizing the Salesforce Financial Services Cloud, Digital Bank helps banks create exceptional experiences by providing tailored banking capabilities with accelerated implementation and realisation of value. “Today’s banking world
Deloitte announced the launch of Digital Bank, a new services offering for banks to accelerate their digital transformation. Based on the Salesforce Intelligent Customer Success Platform and utilizing the Salesforce Financial Services Cloud, Digital Bank helps banks create exceptional experiences by providing tailored banking capabilities with accelerated implementation and realisation of value. “Today’s banking world
New mCommerce platform enables mobile order and pay in retail stores by leveraging existing infrastructure. South Africa’s hyper-competitive hospitality and quick-service restaurant industry has just received a shake-up with the launch of Woolworths’ innovative NOW NOW concept, powered by mobile transacting technology specialists wiGroup. NOW NOW is built on a new mcommerce solution developed by
