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
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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
And here they are. TechCentral’s top five newsmakers of 2011. Our “Newsmakers of the Year” award is presented to individuals we believe had the biggest impact on SA’s technology sector in the past 12 months. For the most part, they’re also the the people who made the headlines during the
It is getting easier and easier for consumers to transfer money anywhere in the world as new technologies come to market using cellphones and payment networks. In the past week, Visa and MTN announced a payment platform that allows cross-border transactions, FNB opened up its
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
Though it’s long been possible to transfer money into a PayPal account using an SA credit card, for the past 18 months the only way SA users of the payment service could retrieve funds from it was via a linked First National Bank (FNB) account. Now users of any SA bank can
Despite already offering cheap voice and broadband deals to its customers, First National Bank is extending its presence in the space by offering cellphone contracts with handsets at subsidised rates in conjunction with Cell C. In a move meant to drive customers to electronic
Banks are all scoundrels, right? So, how is it that one SA bank has managed to reinvent itself as not just a cool bank, but as a cool brand? And why have the other big banks fallen so far behind, at least in terms of customer perception? Surely it can’t just
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
Thanks to Twitter, the short-message social network that has infiltrated my personal and business life, I now know what FNB stands for. It stands for Friday Night Boys, a pop-punk band from Virginia in the United States, or Food Not Bombs, an activist