UPDATE: Standard Bank begins refunding customers after tech glitch
The big-four bank starts to reverse the double transactions from its customers’ bank accounts.
FNB snaps up record 6m digitally-active users
The bank’s customers have on average logged-in 29 times per month on the FNB app, increasing total average monthly logins by 41%.
Standard Bank tech glitches result in double deductions
The big-four bank suffers technical issues, which caused duplicate transactions to go off customers’ bank accounts.
Pandemic to speed up adoption of voice biometrics
COVID-19 will accelerate the use of voice biometrics to improve security, particularly in the contact centre and financial services sectors, says Forrester.
Debit order evolution
There is light at the end of the debit order tunnel in the form of technology that permits account-holders to authorise debit orders ahead of time, says Vaughn Hechter, client services head at NuPay.
Nedbank app enables contactless ATM cash withdrawals
The bank integrates QR code technology into its Money App to enable customers to make contactless withdrawals at ATMs around SA.
Visa’s ‘tap to phone’ makes its South African debut
The digital payment service allows local businesses to accept contactless payments on any NFC-enabled Android device with no need for additional hardware.
DebiCheck – the future of debit orders
DebiCheck is a new payment platform that has been created to combat fraud in regard to consumer accounts.
Local start-up Stitch raises R60m funding
The start-up company says this is the largest investment to date in a pure-play African fintech infrastructure firm.
Discovery Bank clocks over 540K accounts
The digital bank says it is managing the growing customer and transactional volumes well and proved stable over the 2020 year-end period.
TymeBank to provide ‘buy now, pay later’ credit offerings
After securing a R1.6 billion funding deal, the digital bank is on a business development drive to introduce insurance and credit offerings.