Consumer spending and ATM cash withdrawals decreased marginally in April, following a spike in withdrawal activity during the March holiday period, according to the latest statistics released by Spark ATM Systems. The Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 000 Spark ATMs throughout the country, revealed
In its most recent survey of web users, Alexa (www.alexa.com) noted that FNB was the only banking website in the top 10 sites in Africa and was the most popular banking website on the continent. Typically, national or regional news-based websites dominate the top 10. As a specialised banking site primarily aimed at the bank’s
The next generation App is the first Banking App in South Africa that allows new and existing customers to open an account in real time, directly from the App. FNB has released a new Banking App customised for tablet devices, complimenting a much larger tablet device strategy for the Bank. From today, the App is available
Financial Services Group Absa Bank has launched its much-anticipated App as part of its strategic digital journey, which forms part of its ambition of becoming the Go-To bank in South Africa. The App builds on a strong foundation of infrastructure developments while leveraging shared global resources to deliver value to customers. The technological capability built
FNB has launched a service for FNB customers in SA to send money to residents in Zimbabwe using its Cellphone Banking channel. “FNB’s Zimbabwe Money Transfer service is more convenient and economical than anything else offered in the market,” says Yolande van Wyk, Head of Digital and Alternative Banking for FNB Africa. Recently, research data
The Payments Association of South Africa has mandated the implementation and usage of 3D Secure for all merchants that process Card not Present transactions. The first implementation date was the 2nd of April 2013. The need for additional protection against unauthorised use of cards arose due to the significantly increasing fraud in this area. It
