Barclays subsidiary, Absa has announced that its Payment Pebble, a mobile point-of-sale (MPOS) innovation, which aims to fundamentally transform the payment acceptance industry, is gearing up to enter its pilot phase. The Payment Pebble is a small portable device which plugs into smartphones or tablets and enables small and medium scale enterprises to accept payments
Financial services Group Absa announced that South Africans on its Rewards programme can now instantly redeem their cash rewards on the mobile banking platform, Absa.mobi. Through the Absa.mobi site, Absa Rewards members will not only be the first in South Africa to instantly redeem their cash rewards on cellphone banking, they can also view their
SIM Swap Fraud is a term that has been doing the rounds in the South African media lately. It is a new style of cell phone banking fraud which uses a combination of your bank details and phone number to withdraw money from your bank account without your permission or knowledge. SIM Swap Fraud generally
Capitec Bank has issued a statement to say that they do not agree with the comments in the Business Times article by Thekiso Lefifi titled ‘Capitec bubble about to burst?’. They claim it created an incorrect perception of the way the bank does business. They say there are factual errors in the comments which are misleading
Online research specialists Columinate have released the results of the second annual Internet Banking SITEisfaction survey, a report on customers’ usage and perceptions of e-banking in South Africa. The survey quizzed over 1400 South African e-bankers on their online banking habits and attitudes, and revealed several interesting trends. The survey revealed that the South African
The Board of FirstRand Limited announced that Jacques Celliers will succeed Michael Jordaan when he steps down as CEO of First National Bank at the end of this year to spend more time with his family. Dr Jordaan, who has commuted for 5 years to and from his family home in Cape Town, first indicated
Visa’s new mobile point-of-sales (mPOS) device that makes it much easier and cheaper for smaller and medium enterprises (SMEs) to accept card payments, was showcased at the Visa stand at this year’s Tourism Indaba in Durban. Taking on a ‘plug-and-play’ approach, the mPOS device can simply be connected on to a mobile phone enabling business
Absa Bank, a subsidiary of Barclays has launched Multi-Currency Cash Passport – South Africa’s first reloadable prepaid travel Multi-Currency Card. The card allows cardholders to load multiple currencies on the same card. Cardholders can currently load up to four currencies on the easy-to-use card: US dollar, British Pounds, Euro and the Australian Dollars. More currencies
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
