There is a digital convergence happening in the payments space. Online shopping, mobile devices, and pervasive connectivity are redefining the roles of ‘traditional’ and ‘emerging’ payments systems, while mobile devices are blurring the lines between card-not-present and card-present transactions. Payments Afrika attended the recent Retail Congress Africa conference and had an opportunity to speak to
The banking industry is pleased to announce that debit card fraud losses have decreased by 42% for the period 1 January- 30 September 2013. This is according to the latest banking industry’s card crime statistics as released by SABRIC (The South African Banking Risk Information Centre). This figure is significantly lower when compared to the
In its bid to ensure safety of customer deposits and security in Internet banking, First Bank of Nigeria Limited has signed a G-secure Authentication Platform agreement with Clydestone Nigeria Limited to drive second level authentication on Card-Not-Present transactions. This initiative is in line with global practices and also compliant with the mandate of the Central
The CNP Expo is an annual event which addresses the challenges around card not present payments and is a meeting place for merchants, banks, processors, anti-fraud software providers, legal experts, alternative payment providers, card networks and others to learn how to leverage CNP payments in an increasingly multi-channel retail sales environment. At this year’s Expo, held in
