A bank customer, Future Trading Company Limited, has sued Ecobank Tanzania Limited, demanding over 166m/- in refund and damages for alleged wrongful withdrawal of money from its account, which was subsequently diverted to a South African third party. Through EA Attorneys, the company accuses the bank of making the money transaction through electronic banking without
Wallet One South Africa announced the launch of its Third Party Payment Service, offering a cost effective digital payment solution to encourage financial inclusion in the national payment system for all South African Consumers. The W1 wallet enable users to purchase prepaid services including airtime and prepaid electricity, pay bills, send money to friends or
Businesses are rapidly adopting a third-party operations model that can put payment data at risk.The PCI Security Standards Council, an open global forum for the development of payment card security standards, published guidance to help organizations and their business partners reduce this risk by better understanding their respective roles in securing card data. Developed by
