The Payment Pebble, the mobile phone point-of-sale device developed by Thumbzup and announced in November 2012, has been delayed by regulatory hurdles, says Absa, the bank partner that will launch the product. Absa had said the product would be launched in the first half of 2013, but was unable
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The cost of banking has remained unchanged in the past year, according to research by trade union Solidarity released on Tuesday. “Monthly bank costs have started to stagnate at an R80 to R100 level,” senior researcher Paul Joubert said at a presentation in Pretoria. “Bank fees are a lot better
Altron subsidiary Bytes Technology Group has landed an IT services contract with banking group Absa worth R400m. Bytes division Bytes Managed Solutions won the deal to provide services to Absa and parent Barclays across the territories in Africa where the financial services giant operates
Absa has released its transactional banking application for BlackBerry devices, but only for those phones running the older BlackBerry 5, 6 and 7 operating systems. The bank already has apps for iPhone and Android and recently launched a version for BlackBerry’s new Z10 smartphone, which is powered
Absa has opened an entirely paperless branch at Johannesburg’s upmarket Hyde Park Corner shopping centre. The branch offers automated queuing systems to minimise the time consumers have to spend in the branch and is the model that the bank will use for all of its branches across South Africa
News that Telkom may write down the value of its legacy network infrastructure is positive, analysts say. Not only will it bring its balance sheet “in line with reality”, but is indicative of a board of directors looking after an embattled company’s best interests, they say. On Tuesday
MTN and Absa have formed a task team to keep a “close eye” on fraud and “bring about new ways to rapidly clamp down on it”. The decision to create the team follows an urgent meeting where executives from the two companies discussed the recent spate of Sim-swap fraud cases. The special
Vendor-neutral data centre operator Teraco Data Environments has secured a R200m medium-term funding facility from Absa’s corporate and investment banking division. Teraco CEO Lex van Wyk says the funding will allow Teraco to meet the demand created by growth of the Internet and cloud computing
Three weeks ago, in mid-April, Absa became the last of South Africa’s big banks to launch a mobile transactional banking application for smartphones and tablets, beating at the finish line by First National Bank, Standard Bank, Nedbank and Investec. But Absa, South Africa’s
Vodacom is the most reputable company among South Africa’s top 20 JSE-listed companies by revenue, a new survey has found. The 2013 RepTrak Pulse survey placed Vodacom rival MTN in fifth place, down from second place last year. Old Mutual placed second, with retailer Pick ’n Pay and Sasol taking