Multi-currency facilities on Cash Passport

Jul 16, 2014

MasterCard’s Multi-currency Cash Passport, a prepaid chip and PIN-protected travel card, is now available from 54 American Express Foreign Exchange bureaux countrywide. As the only product of its kind in South Africa that can be preloaded with up to four...

PCI compliance combats credit fraud

Jul 10, 2014

The latest statistics from the South African Banking Risk Information Centre (Sabric) revealed that South Africa’s banking industry lost R366,8-million in 2013 due to South African-issued credit card fraud – a 22% increase from the previous year. This alarming...

Altech Card Solutions now PCI DSS compliant

Jun 30, 2014

Altech Card Solutions, part of Altron TMT, has announced that it has yet again received the Visa International and MasterCard stamp of approval with its recertification as a Payment Card Industry Data Security Standard (PCI DSS) approved service provider. According to...

African insurers to review mobile strategies

Jun 25, 2014

In a report by Juergen Weiss based on the Gartner 2013 Global CIO survey, it is predicted that by 2015 at least 40% of the currently existing insurance-related, customer-facing mobile applications will be abandoned due to lack of demand. The reason for this low...

Online, mobile banking risks must be managed

Jun 17, 2014

Transforming Business and Driving Customer Centricity through the Intelligent Use of Technology and Data is the theme for this year’s GDS International CIO Africa Summit. Set to kick off tomorrow, in Cape Town, this event will bring together 70 senior decision makers...