Location based services (LBS) has allowed FNB to offer Banking App users the ability to locate ATMs and branches and make GeoPayments, cashless, person-to-person payments, with just 3 taps and a pin. This service, launched by FNB on the Banking App in May 2012, was the first ever near-field, person to person payment technology in
While banking and payments is still considered a mainly a ‘boy’s club’ with few women holding top positions both in Africa and internationally we thought we would highlight some of the woman who are making their mark in the African banking and payments landscape. 1. Maria Ramos – Chief Executive of Africa, Barclays Maria Ramos
Card and ePayment Africa Awards is an annual Pan Africa event with focus on technological advancements and innovation within the ePayment space. It provides a platform for all stakeholders in the industry to be recognized, rewarded and celebrated. The Award dinner and ceremony was held at the prestigious Michelangelo hotel in Johannesburg on the eighteen
Online ticketing in South Africa is a growing industry as more and more people, both young and older generations, move towards buying their tickets via the web. The use of mobile technology, using your cellphone or tablet, to purchase tickets to music, theatre or cultural events is booming and several mobile sites have been developed
“In the past few years, online transactions have grown substantially in South Africa, proving that consumers are becoming more familiar with online processes, and are feeling more comfortable to engage in an interactive online space,” says Brian Andrew, General Manager for RS Components. RS Components is a market leader in the distribution of electrical, electronic,
The South African Reserve Bank (SARB) conducted AML/CFT (Anti-money laundering and combating the financing of terrorism) inspections at Absa Bank Limited (Absa), FirstRand Bank Limited (FirstRand), Nedbank Limited (Nedbank), and The Standard Bank of South Africa Limited (Standard Bank). In terms of the Financial Intelligence Centre Act, No. 38 of 2001 (FICA), the SARB is
Pick n Pay announced a 27% increase in their online food delivery business when they released their annual results for the year ending March 2014. According to Pick n Pay they now serve more than 2000 customers per week and have extended the service in the Western Cape, KwaZulu-Natal and the Free State. This shows
FICO, a leading predictive analytics and decision management software company, has announced that First National Bank (FNB), is the first bank in the country to use FICO Fraud Resolution Manager to communicate with customers when a potentially fraudulent transaction takes place. Using the FICO application, FNB can automatically contact a customer through voice calls and
The South African Reserve Bank has taken a closer look at whether South Africa’s have the right administration controls in place to effectively fight money laundering and combat the financing of terrorism. These controls are laid down in the Financial Intelligence Centre Act, No. 38 of 2001, better known as FICA. While a number of
FNB recently unveiled a number of new enhancements to its Online Banking platform in an ongoing effort to simplify its digital channels making the lives of customers easier. Customers will now be able to import recipients, reactivate a blocked bank card as well as search for traffic fines using an ID number through Online Banking.
