The company has asked Square to recall its credit card readers because they pose threats to consumers.
The UK bank's Security Key allows customers to access their online banking account on the go.
The bank encourages small businesses to overcome their traditional fear of social networking through a new competition.
In today's technology roundup: Facebook moguls join Forbes list, online fraud losses drop, Obamas post anti-bullying video, and Sony mulls social network movies.
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
Once the pilot had proved successful, the rollout proceeded globally, first in Europe, and then in Asia.
To save hours of queuing, the mobile payment system aims to give parents a convenient way of paying fees.
Many are adverse to 'plastic money', and e-commerce suffers delivery bottlenecks, says Intrepid Data Systems.
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
The companies were sued by LML Payment Systems, over electronic payment solutions patents.
The Common Wealth Bank unveils a banking app for the Google OS-powered smartphones.
Criminals can intercept mobile banking data while it is being transmitted, or when it is stored on servers.
The future of banking in Africa
MTN and Huawei, in partnership with Brainstorm magazine, held an executive roundtable on 11 May for industry insiders from the financial sector to discuss emerging technologies and digitisation in the banking space. #mtn #huawei #fintech
Importers and companies can now pay taxes online, eliminating payment bottlenecks from the supply chain.
Bank of America suffers outage, ISPs mislead on broadband speeds, Internet bank, Egg, splits, and PS3 locked in patent dispute.
Mobile money services can assist the unbanked in developing regions, says Etisalat.