South African consumer confidence has improved for the second half of 2014, according to the latest MasterCard Index of Consumer Confidence released. With a score of 58.7, a slight improvement of 2.4 points compared to last year’s score of 56.3, the Index currently describes consumer confidence as ‘neutral-positive’. Now in its eleventh year in South
The ATM Industry Association (ATMIA) announced that it has released a new paper titled “An Industry Discussion: Should changes be made to Reg II in order to increase competition between payment networks?” ATMIA has growing concerns that competition between payment networks is eroding due to the unintended consequences of the Durbin Amendment – both with
Solidarity Research, a division of trade union solidarity has released their annual Bank Charges Report. The report does a comparison of bank fees across South Africa’s top 5 banks, Standard Bank, Absa, FNB, Nedbank, and Capitec Bank. Their research found that Capitec bank has the lowest bank charges for personal transactional accounts, even for clients
African payments provider iVeri, in conjunction with Calleo, a specialist business-to-business research and consultancy firm, has released a new whitepaper titled, “Accessing the Unbanked: Branchless Banking in Africa” Currently, only around 23% of adults in Africa have a bank account. One of the main reasons for this large unbanked population in Africa is geographical inaccessibility
PYMNTS.com has released the August 2014 issue of the mPOS Tracker, a PYMNTS Special Report sponsored by ROAM. In the report, PYMNTS ranks the players it tracks, scoring them based on numbers and types of devices used, geographies where solutions are implemented, the number of payment types accepted, and more. This month’s report begins by
Fiserv, Inc. , a leading global provider of financial services technology solutions, has released a white paper for financial institutions that highlights the unique digital banking needs of business customers, with a focus on mobile banking. Titled “Riding the Digital Wave for Business Banking, Propelled by Mobile,” the white paper discusses how financial institutions can
