Old Mutual Launches Innovative Prepaid and Reward Programme In Namibia, Secured by Tranwall Transaction Control

Posted on by wademinnie | 10890 Views | 10 min read

Tranwall Limited, in partnership with Payment Express Mauritius, has successfully completed the implementation of Tranwall Transaction Control for the OMCARD Namibia project. Tranwall Transaction Control enables the OMCARD to empower their cardholders with the ability to secure their cards by using mobile telephony to switch their cards ON or OFF for specific transactions types, such

Stanchion and Ecentric Payment Systems Ensure Secure Transacting with Futurex Hardware

Posted on by wademinnie | 6585 Views | 13 min read

Transaction processing specialist Ecentric Payment Systems is boosting the performance and security of transactions by implementing hardware encryption devices supplied by Stanchion Payment Systems. The Futurex devices are unseen to the general public, yet perform an essential function every time a credit, debit or other card is used: they make sure the information exchanged between

Nomanini Mobile POS Reaches a Million Transactions

Posted on by wademinnie | 10623 Views | 5 min read

Nomanini announced that informal vendors and micro-entrepreneurs across Africa have made a million cash transactions using its tough terminal. The South African-based mobile Point of Sale platform was created to enable cash transactions in emerging markets. It has proven popular for the distribution of mobile prepaid airtime and electricity with plans to enable other transactions,

First National Bank and NCR Corporation Win ‘Best ATM and Kiosk Project’ Award

Posted on by wademinnie | 10396 Views | 10 min read

First National Bank and NCR Corporation, the global leader in consumer transaction technologies, won the award for “Best ATM and Kiosk Project in Africa”, at The Asian Banker’s Middle East and Africa Country 2014 Award ceremony. FNB was the only bank in Africa to win an award in this category and was joined at the

Standard Bank Group Shows Good Growth in the First half of 2014

Posted on by wademinnie | 9232 Views | 22 min read

Headline earnings from continuing operations increased 12% to R9 338m. However, headline earnings which were negatively affected by the performance of discontinued operations, increased by 2% to R8 306m. Headline earnings per share were up 1% while the group’s return on equity showed a decrease to 12.7% from 13.8%. As communicated to shareholders in June

Paynow to Host Developer Day Focused on Boosting Online Payments in Zimbabwe

Posted on by wademinnie | 3581 Views | 7 min read

Paynow, the Zimbabwean internet payments platform developed by Webdev has decided to give local internet payments a shot in the arm by working with developers. Together with Hypercube Hub, Paynow will be hosting a developer day at the tech hub on Saturday 16 August 2014. The day long event (9 am to 5 pm) will

Bytes ATMs and Related Sites Acquired by Absa

Posted on by wademinnie | 10291 Views | 4 min read

Absa Bank Limited is pleased to announce that it has completed the acquisition of approximately 850 ATMs and all related franchise agreements from the Bytes Managed Solutions division of Bytes Technology Group South Africa (Pty) Ltd (“Bytes”). Absa entered into an agreement with Bytes, which is a wholly-owned subsidiary of JSE-listed Altron Group, to acquire

Nedbank Announces Changes to the Banks’ Group Executive Committee

Posted on by wademinnie | 12438 Views | 17 min read

Mike Brown, Nedbank Group Chief Executive has announced the following changes to the banks’ Group Executive Committee (Group Exco). Mfundo Nkuhlu to succeed Graham Dempster as COO and appointed as Executive Director Graham Dempster, the current Chief Operating Officer (COO) and Executive Director reaches normal retirement age in May 2015. The portfolio comprises Group Technology,

Econet Wireless Predicts that Zimbabweans Will Stop Using Paper Money

Posted on by wademinnie | 9184 Views | 5 min read

Econet Wireless has predicted that Zimbabweans will stop using “paper money” by the end of next year as people adopt cards to transact. Econet, which is at the forefront of introducing plastic money in the country, has already invested in more than 5 000 point-of-sale (POS) devices in businesses throughout the country to ensure that

Old Mutual Launches Innovative Prepaid and Reward Program in Namibia

Posted on by wademinnie | 14463 Views | 9 min read

BPC Banking Technologies, the leading provider of Open System payment solutions for the financial industry, announces the successful completion of the OMCARD Namibia project. Powered by the SmartVista installation at Payment Express (PEX), Mauritius and in partnership with Bank Windhoek, the OMCARD from Old Mutual provides customers in Namibia with a unique set of features