Standard Bank said on Thursday that system problems have caused some its customers to have card transactions deducted from their accounts more than once.
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First National Bank has launched its Virtual Card offering to all customers after a period of beta testing. The bank believes this will make both online and physical payments significantly safer and more convenient.
Barry Hore, the technologist who has led Discovery Bank since its inception, is stepping down. Long-serving Discovery executive Hylton Kallner will replace him on 1 January.
An Absa employee accused of leaking some of the bank’s South African customer data to third parties provided the information, which included credit card numbers, to several third parties in return for payment.
Promoted | In this podcast, TechCentral talks to African Bank CIO Penny Futter and the bank’s executive of credit and data science, Vere Millican, about their decision to deploy advanced speech analytics software from CallMiner.
Capitec has launched QR payments in its app, allowing clients to scan barcodes to make payments at the point of sale or online, including where merchants use Zapper or SnapScan.
The South African Reserve Bank has announced that cheques will not be supported by the country’s national payment system from 1 January.
Barely a month after the European Central Bank issued a major report on the topic, its president, Christine Lagarde, has said “her hunch” is that the euro zone could have its own electronic currency within two to four years.
Podcast | TechCentral spoke to Bank Zero co-founder and executive director Lezanne Human about its launch plans and what is involved in launching a new bank in South Africa from a regulatory and technology perspective.
Bank Zero has announced its account pricing as it edges closer to launch. The digital-only bank says “basic banking should be free and extras should be paid for – not the other way round”.