The bank says it is instituting legal action against FoneWorx to get R1.5 million of its money back.
In this World Wide Wrap: EcoATM pays for used gadgets, Windows 7 greener than Vista, and green computing to reach $223bn.
South Africa must consider different mobile payment service categories to address the unbanked sector, says Pocit.
In this World Wide Wrap: T-Mobile and Monitise m-banking partners, banking Trojan steals EUR300k, and US banks embrace mobile.
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
The company takes Absa to task over R1.5 million in fraudulently transferred money.
In this World Wide Wrap: Supermarkets embrace self-checkout tills, GuestLogix and Jetera offer receipt ads, and companies partner for e-commerce.
The bank replaced an older system with MIP Treasury.
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 critical thing is to ensure depositors' funds are secured, says the Post Bank.
In today's technology roundup: Microsoft gets patent verdict overturned, Labour rules out compulsory ID cards, Romanian phishers hauled into US courts, and online thieves step up bank raids.
In this World Wide Wrap: Intel advances microservers, Citrix plans desktop virtualisation push, and PCI virtualisation security guidelines planned.
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
Customers demand complete assurance that their account information is safeguarded against all possible threats, says Jorina van Rensburg, CEO, Condyn.
The partnership enables Blue Turtle Technologies to distribute Fortify's security software suite to the South African market.
The company will build infrastructure for Standard Bank across Africa.