First National Bank is in final talks with UK-based mPowa, a rival to American firm Square, about using the payments company’s technology to give its clients the ability to accept card payments using mobile phones. mPowa offers a white-label solution that supports multiple
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First National Bank has extended the functionality of its e-wallet, making it possible for any customer to send money to any SA mobile user using the FNB banking application for mobile devices. Recipients can withdraw the cash, use it to buy prepaid airtime or electricity, send the money to another cellular
First National Bank is launching a new payment service that allows users of its mobile app to make payments to one another without needing to exchange banking details, provided they are near to one another. The service uses the GPS chips built into modern mobile devices, with authentication provided by the
First National Bank has launched its first hi-tech “dotFNB” store in Johannesburg. The outlet is meant to introduce customers to FNB’s various digital channels and show off technologies like an “interactive surface” that supports both touch interaction and augmented reality and allows customers to interact with the bank and its products and
Standard Bank caused a bit of a furore on Twitter on Thursday when it tweeted that it had lodged a complaint with the Advertising Standards Authority over an advertisement competitor First National Bank placed in weekend newspapers. It accused its rival of “misleading advertising”. Although the bank says filing the complaint
Gugu Duda has been appointed as the new chief financial officer of the SABC, communications minister Dina Pule announced on Wednesday. “Ms Duda has the relevant qualifications, skills, capabilities and experience required for the position,” the communications ministry said in a statement. She would take up the
First National Bank (FNB) has become the first SA bank to allow personal financial management start-up 22seven access to its customers’ accounts, albeit on a limited basis. The move stands in stark contrast to FNB rival Absa, which has blocked 22seven — specifically its US technology partner Yodlee
Stellenbosch-based social networking company MXit has a one-year window of opportunity to improve and expand its products and services if it’s going to fend off an onslaught of rival services like instant-messaging application WhatsApp, says its new CEO, Alan Knott-Craig. “The main risk
“You’re being irrational.” No one likes to hear those words. They are the verbal equivalent of a pat on the head. But, like it or not, we are fundamentally irrational beings. And the area in which we should be the most clear-headed, our personal finances, is usually
Online “phishing” fraudsters, who try to con consumers out of their personal banking details to steal their money, target clients of Absa the most, data from a local e-mail company shows. Yossi Hasson, MD of open-source e-mail solutions and network management company Synaq, runs a phishing signature database using