Banks Satisfying the Needs of SA’s Middle Class Through Private Banking
FNB to Pass on PASA 3D Secure Compliance Fines to Merchants
South Africa’s First National Bank (FNB) has written to merchants to inform them it will be passing on any fines it incurs from the Payments Association of South Africa (PASA) for failure to meet the deadline to be 3D Secure. PASA had mandated that due to the increase in card not present (CNP) fraud in
42% Of South Africans Share Their Bank Card PINs
Research commissioned by FNB and VISA reveal that while the overall awareness of card fraud is very high, 42% of respondents are sharing their bank card PINs. The protection of customer’s funds is a top priority for FNB and although the bank is always looking at ways to improve security, certain key links in fraud
FNB is Giving Away 1 Million eBucks to Celebrate the 3rd Anniversary of their Banking App
The FNB Banking App turned three years old this weekend. The Banking App was the first of its kind in South Africa, when smartphones became available to FNB customers in 2011. FNB was also the first to launch the Banking App specifically designed for Tablets in April 2013. “From winning the title of MTN; App
FNB Updates Banking App
The FNB Banking App has published its latest version to App stores and it is packed with new features, a new look and feel, account opening, personalised customer offers and inward SWIFT payments from abroad. The refreshed look and feel makes the App visually more appealing, and more importantly, even easier to use. The FNB
FNB Introduces Money Transfer to Mozambique
A year after launching its successful Zimbabwe Money Transfer service, FNB has added an additional affordable cross border service, this time to Mozambique. This service is available to qualifying FNB customers in SA to send money to residents in Mozambique instantly, through its Cellphone and Online Banking channels. “We have seen with the FNB Zimbabwe
R10bn Sent to FNB eWallets Since October 2009
FNB has announced that more than R10bn has been sent to recipients via its mobile money solution, eWallet in South Africa, since its inception. Fifty-three percent, R5.3 billion, of the R10 billion was sent in the last year alone (May 2013 to April 2014), proving that mobile money is fast becoming an accepted replacement for
SA Banks Hit with R125 Million Fine
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
First National Bank Is the First South African Bank to Use FICO Technology
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
FNB Updates Their Online Banking Services
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.
