Gemalto, the world leader in digital security, releases the latest findings of the Breach Level Index, revealing that more than 1,500 data breaches led to one billion data records compromised worldwide during 2014. These numbers represent a 49% increase in data breaches and a 78% increase in data records that were either stolen or lost
2015 will see many more new e-commerce start-ups along with continued growth and innovation by established niche players, predicts PayGate CEO Peter Harvey. “Five years ago we’d load ten start-ups onto our payment gateway for every established business; now the ratio is more like 100 to one,” says Harvey. “The sluggish job market in traditional
Wallet One South Africa has launched W1 Checkout, a payment aggregator for e-commerce merchants and service providers, enabling them to offer customers an increasing number of online and cash payment methods with immediate, safe and secure processing. Electronic payments are processed through Wallet One’s PCI DSS certified payment gateway and 3D secure acquiring partners. Cash payments for online purchases are
FNB’s cardless cash withdrawal has achieved its four year milestone with over R2 billion withdrawn since its launch in February 2011. The feature, added to the existing cellphone banking platform which launched in 2005, answers the need of customers who want to withdraw cash from an ATM but do not have a card present at
South African-based company Nomanini has created a mobile point of sale terminal and cloud-based distribution platform that is fundamentally changing the nature of the prepaid voucher industry in informal markets. This is according to the latest case study from the GSMA, the global association that represents the interests of mobile operators worldwide and the producer
“South African consumers are driving a mobile payment revolution enabled by a slew of innovative home grown technology companies. Local retailers, brands and agencies are leveraging the power of mobile payments in clever ways to unlock new revenue streams and boost customer retention.” So says Bevan Ducasse, CEO of wiGroup, following the release of the
While consumers are very concerned about safety and security around electronic payments they also have a strong expectation that it should be convenient and fast to pay for what they want. This was a key point of discussion at a fraud and processing workshop hosted by MasterCard in Johannesburg. Addressing this, Johan Gerber, Group Head,
South Africa is making significant headway in furthering financial inclusion, according to a new MasterCard report entitled “A Progressive Approach to Financial Inclusion.” The report explores the progress that 30 developed and developing countries have made in enabling access to and driving usage of different financial products including payments, lending, long-term savings or investments, and
The Payments Association of South Africa (PASA) has mandated that all South African ecommerce merchants must ensure the implementation of 3D Secure on their sites. The deadline for compliance was 28 February 2014 and PASA says they are “committed to ensure a robust and consistent implementation.” According to PASA the compliance penalty approach was recently
Gemalto, the world leader in digital security, announces the deployment of prepaid EMV banking cards to complement Vodacom’s m-pesa mobile wallet service in South Africa. The card is certified by the major international payment schemes and accepted at any of the 240,000 EMV-compliant payment terminals and over 27,000 ATMs throughout the country, which will significantly
