Debit cards already handle the lion’s share of transactional value, despite cash being used in higher volumes.
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Total IT spend at FirstRand for the financial year ended 30 June 2024 reached R19.3-billion, up 8% from 2023’s figure.
Luhn’s algorithm is a simple checksum that roots out human error in card number inputs. Here’s how it works.
Discovery Bank has topped a million customers and claimed it has reached this milestone two years ahead of plan.
FNB was hit by a system outage affecting a number of its services on one of the busiest days of the month.
Absa Group on Monday said CEO Arrie Rautenbach will take early retirement from the company.
Many financial institutions are held hostage by legacy systems that consume the lion’s share of their IT budgets.
The banking industry has seen a spike in clients being “duped” by fraudsters posing as bank or tax officials.
Cloud migration projects are making way in South African banks’ IT budgets for AI and cybersecurity.
Digital bank TymeBank will have a new CEO from October. Karl Westvig will take the reins from Coenraad Jonker.