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...
FNB’s money transfer volumes to Zim double
FNB’s Money Transfer service to Zimbabwe is rapidly expanding with a 102% year-on-year increase in cross-border sends in the last financial year. With the expansion of its service to a wider network of OK stores in Zimbabwe, FNB expects to see further increases in...
Secure the payment process to minimise fraud
As the Internet of Things (IoT) connects more and more devices, the potential for hacking, theft of sensitive information and other cyber-crimes extends to an ever-increasing numbers of devices, says Simeon Tassev, director of Galix. The reality is that cyber-crime...
FNB expands cardless features
FNB has announced that the cardless cash withdrawal feature is available on the latest version of the FNB Banking App. The feature allows customers to withdraw money at an ATM without using their bank cards. This launch to the 1,2-million active devices that currently...
PayGate offers easy online billing
PayBill, the enhanced electronic invoicing solution from PayGate, allows even the smallest of companies to take payments online -- without needing e-commerce capability on their Web sites. “Every small business owner knows that getting paid promptly is the key to...
EBank leverages TruTeq solutions
TruTeq Wireless has recently won a contract with EBank, the first branchless bank in Namibia, to develop the EBank USSD menu. EBank’s customers use this mobile phone based menu to access their bank accounts by dialling *140*140#. The project was delivered using...
Intervate, Santam build Extranet portal
Santam is one of South Africa’s largest and most historic insurance companies. Majority-owned by the Sanlam Group, Santam’s base of customers represents a 22% market share in the local short-term insurance market. Having first opened its doors 96 years ago, Santam...
Quality data key to decreasing fraud
Businesses and consumers alike typically consider insurance to be a grudge purchase – something they need to have, but which does not add value, says Ian Logan, senior director: Insurance and Partners at TransUnion. Although it is essential in protecting them from a...