Oct 4, 2013
Payments fraud experienced by retail businesses remains persistent, despite declining for a third year in succession, according to the 2013 AFP Payments Fraud and Control Survey, says Lionel Slowe, head of the SADC project at BankservAfrica. The survey states that 61%...
Sep 30, 2013
With the steady introduction of contactless payment systems in parts of South Africa, a new wave of convenience for low-value transactions is becoming a reality. But just what is this technology? How does it work, and is it secure? These are questions that many people...
Sep 19, 2013
The proliferation of mobile devices in Africa has increased in the past few years and there is no doubt that these devices are moving beyond their role as phones and becoming enablers for a wide range of functionalities from mobile TV to electronic payments, says...
Sep 9, 2013
The Payments Association of South Africa (PASA) has mandated that merchants of all sizes that process, store or transmit credit card information must comply with the Payment Card Industry (PCI) security compliance by the end of 2013. Consequently, retailers have to...
Aug 15, 2013
Mobile phone-based transactions have come of age in South Africa, with wiGroup’s platform, wiPlatform, processing over half a billion rands in transaction value during the first six months of 2013. “We have seen a 500% increase in mobile transaction volumes through...
Jul 11, 2013
As South Africa steadily gears up for the widespread adoption of contactless payment systems, a local expert says consumers have plenty of convenience to look forward to. However, adoption is something of a “chicken and egg” challenge, as introducing the...
