Christo Davel, former head of now-defunct online bank 20twenty, sparked intense debate and provoked security warnings from local banks last week when he took the wraps off his new venture, personal financial management website 22seven. The start-up got itself noticed. But is the service safe to use?
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Former Absa chief marketing and communications officer Happy Ntshingila has been appointed as SuperSport’s new CEO, the sports channel said on Tuesday. Ntshingila would report to the MultiChoice SA group CEO Imtiaz Patel, SuperSport spokesman Clinton van der Berg said in a statement
Financial management website 22seven has been live for just a day and already it’s facing its first serious challenge. Some of SA’s big banks have begun warning their customers not to provide their banking login details to the service, which aggregates users’ financial information to give them a graphics-rich picture of their income and spending
Standard Bank and Nedbank have finally offered their opinions on online personal financial management (PFM) start-up 22seven, which has been garnering an enormous amount of attention and controversy from banks and consumers alike since launching on Thursday. Absa and First National Bank have both weighed in
The raging controversy around new personal financial management website 22seven and the reaction from local banks form the cornerstone of this week’s episode of the TalkCentral podcast, hosted by TechCentral editor Duncan McLeod and senior journalist Craig Wilson. We ask whether 22seven
Well-known entrepreneur and investor and former Google SA boss Stafford Masie believes near-field communication (NFC) technology will fail as a mainstream transactional platform and local banks’ attempts to implement systems based on it are “farcical” and offer “no value”. NFC is a set of standards that
Absa on Tuesday said it is trialling near-field communications (NFC) payments with 500 of its employees. The trial will be fully underway by the end of January, and the bank intends rolling out the service to consumers shortly thereafter. Some of the initial partners for the programme
Absa has launched what it’s calling SA’s first “live user trial” of near-field communication (NFC) technology on mobile phones. The trial will kick off in mid-December and involve 500 of the bank’s own staff members, operating in a live commercial environment. The system will use NFC capabilities
Absa Bank has reached an agreement with the department of home affairs that allows the bank to access the Home Affairs National Identification System (Hanis) in an effort to reduce identity fraud. It has also overhauled its sign-up process, making it paperless, and
This week, an estimated 180 000 EasyPay customers will receive an e-mail that offers money-back rewards on all their transactions as part of the company’s strategy to restore its credibility and regain customers’ confidence after its site was hit by credit-card fraud two