The bank suspended some of its functionality yesterday, following complaints of account transactions being processed twice.
The SADC Payments Enabler empowers banks to convert to the new clearing standards demanded by SADC payments.
A local company is proposing its cellphone payment solution as a security incentive for SA's informal traders.
Often there will not be enough investment allocated to the migration effort, says ConVista Consulting.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
Big five bank Nedbank looks back at half a century of developments in banking technology.
This service lets qualifying local FNB customers send money to residents in Mozambique instantly, says FNB.
Customers signed up for the operator's cellphone-based banking service can now get a Visa card for making payments and drawing money at ATMs.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
Ubank had adopted EMV chip smartcards to offer mining communities improved card security.
Broadband, content and mobile offerings are set to be bundled together by companies that play in sectors like retail and financial services.
A local start-up has discovered a way to capitalise on near field communication.
FNB's mobile money solution has shown strong growth since its inception in 2009, the bank says.
The company has completed a complex Microsoft Exchange migration for Absa Technology Finance Solutions.