Emerge Mobile, a South African based technology company specialising in the mobile point of sale (MPOS) payments space, has achieved Payments Council International Payment Terminal Security (PCI-PTS), and Europay, MasterCard and Visa (EMV) Level 1 and 2 certifications for its MPOS payment card acceptance solution. This is the first time a fully South African designed,
BankservAfrica, Africa’s largest automated clearing house and ebpSource, a leading global electronic bill presentment and payment solution provider are rolling out South Africa’s first bank-based electronic billing and payment service. The new service is being introduced to consumers through connected online banks. BankservAfrica manages the electronic bill presentment and payment (EBPP) service on behalf of
INETCO Systems Limited, a provider of transaction monitoring and analytics software, announced that Nedbank, one of South Africa’s largest banks, has licensed the INETCO Insight business transaction management (BTM) solution. Having grown by over two million individual and small business clients over the last two years, Nedbank chose INETCO Insight to improve the bank’s operational
Since TCI organised the first ever conference in South Africa that highlighted the payments industry in 2012, the payments landscape has changed considerably. With an increase in competition in the payment industry, financial institutions, retailers and service providers are under constant pressure to be on the forefront of new developments. With the role of technology
IBM has announced that Nedbank Limited, a leading financial services provider throughout Southern Africa, is using IBM’s predictive analytics solutions to improve the customer experience and provide more responsive real-time services. As a result of this technology implementation, the bank has reduced social media monitoring costs by over a million rand a year (US$105,000 per
A huge number of South Africans rely on the ATMs to withdraw money. However the increased usage of ATMs has also resulted in criminals devising various scams such as card skimming, swopping and the trapping of card inside ATMs. This is usually accompanied by shoulder surfing to steal PIN numbers. SABRIC’s research has revealed that
This year saw a rise in online spending across the globe, with USA reporting a 20% increase in online shopping on Cyber Monday as shoppers snubbed physical retail stores in favour of missing out on the holiday queues. Locally South Africans are coming to the party, with recent report showing that 9.5% of South Africans
In a bid to fight increasing card fraud, which is estimated to have cost $11.27 billion worldwide in 2012 (a 14.6% increase year-on-year)1, leading wireless data company, FastNet, announced it has achieved Payment Card Industry Data Security Standard (PCI DSS) compliance as a Level 1 service provider. This follows recent stipulation by the Payments Association
The most exclusive Card Membership in the world has arrived in South Africa with the launch of Centurion, from American Express. Issued by Nedbank Private Wealth, Centurion is now available by invitation only or upon appointment to a select group of individuals in South Africa. ‘Centurion is intended for clients who demand a new level
With the increased availability of broadband access, more affordable data costs offered by mobile operators and the consistent development of mobile devices, online shopping is gaining great traction in Sub-Saharan Africa. Fatima Sullivan, Head of Retail at DHL Express Sub-Saharan Africa says that with the upcoming festive season fast approaching, consumers are increasingly choosing to
