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...
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...