Altech Card Solutions renews PCI DSS V3
Alarming statistics released recently by the South African Banking Risk Information Centre (SABRIC) indicate that banking and card fraud is on the rise, resulting in losses to the industry of R454-million in 2014 alone. Against this backdrop, Altech Card Solutions’...
Sasria gains additional functionality
Sasria, as Africa’s foremost special risks insurer, covers property worth billions of rands against extraordinary risk. These risks include damages arising from riots, strikes, and terrorism. Sasria distributes its cover through agent companies (insurance companies)....
HomeSend wins banking award
HomeSend, an international transfer hub created by MasterCard, eServGlobal and BICS, has been named “Best Payment Product in Africa” at the Asian Banker Middle East and Africa Awards. The award recognizes payment products that efficiently enable secure, end-to-end...
Mango app users leverage MasterPass
Consumers booking flights through low cost airline Mango’s mobile apps can now make secure and convenient payments using MasterPass, MasterCard's digital wallet service. Travellers can pay for flights booked through the Mango mobile app, available on all major...
Banking security: threat or opportunity?
With the global threat to online security seemingly at an all-time high, Quintis Venter, a senior software engineer at ThoughtWorks argues that the threat to the financial services industry stems from technological deficiencies as a natural consequence of internal resistance to change. So how secure are online banking apps? They’re not. Many applications are technically secure, but it is important to understand that security is not just a technology problem.
UCS Solutions now PCI DSS compliant
UCS Solutions, the leading IT service provider to the retail industry, is proud to announce the organisation’s recent certification to PCI DSS (Payment Card Industry Data Security Standard) Version 3. This major milestone was achieved as a Payment Service Provider...
Saracens rolls out Gemalto wristbands
Gemalto is supplying Saracens, one of the UK’s most successful rugby union clubs, with prepaid wristbands that offer fans speedy and secure contactless payment for food and drink at its Allianz Park stadium in north London. The pilot project marks the first step...
Boosting compliance in financial services
Financial services organisations and banks around the world have to operate in an increasingly stringent regulatory environment, particularly where the privacy and protection of their customers’ data is concerned. Coupled with this, they face mounting pressure to cut...
Old Mutual launches debt education tool
Old Mutual has launched an online, interactive version of its successful On the Money financial education programme, aimed at helping educate South Africans on debt reduction and wealth creation.John Manyike, head of financial education at Old Mutual, says, “This...
MasterCard launches SME discount portal
South African MasterCard business cardholders now have access to an array of exclusive offers with the launch of MasterCard Business Perks, an online portal of discounted products and services designed to support small and medium enterprises (SMEs).The National...
IFC, Mastercard grow partnership
IFC, a member of the World Bank Group, and MasterCard have signed an agreement to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic payments, a crucial next step in their ongoing collaboration...
Is multi-banking good or bad for business?
Multi-banking is becoming a common trend in South Africa as various businesses, public sector institutions as well as individuals prefer to bank with more than one banking partner. According to an annual business tracking survey done by TMS, 14% of small businesses do...