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
Browsing: Absa
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
Absa Bank has begun overhauling its extensive automated teller machine (ATM) network — there more than 6 000 of them in the field — adding a new user interface and new self-service features such as the ability to pay certain bills that have special barcodes. It has awarded a giant contract
Absa, SA’s largest retail bank, is to roll out contactless payment systems by the end of this year. Supported at first by cards that are equipped to make payments by means of tapping them on a reader, these same readers will eventually be able to accept
Absa group chief information officer Len de Villiers is stepping down at the end of the year and says he plans to take time off to “recharge his batteries” before deciding what to do next. The Absa CIO role is one of the biggest and most demanding IT management jobs in SA
Banking group Absa has earmarked 25% of the money it plans to spend on IT on innovation and new products, with the rest going to maintaining and improving existing systems. The bank spent R5bn last year on technology. Christo Vrey, managing executive