High-profile former First National Bank chief information officer Mike Jarvis, who led a dramatic modernisation of the bank’s IT systems and who left SA in 2000 to return to his native Britain, has returned to the country. Jarvis has established a new business with former Symantec regional director
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Mobile social network Mxit has integrated First National Bank’s eWallet into its mobile commerce platform, Mxit Money. The new service, called FNB Moola+, allows Mxit users to purchase the virtual currency for 35% less than it would cost if purchased using premium-rated SMS. Until now, Mxit users have had
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
Nedbank has finally launched its mobile banking application, although only on Android-powered smartphones for now. The app, known as the Nedbank App Suite, has been available to the bank’s staff since the end of June and can now be downloaded from Google’s Play Store. The Nedbank App Suite includes online
Moneysmart, the free personal financial management tool that was launched in beta last year, has been revamped and will be launched commercially in the next few days, promising an improved experience, automatic integration with all but one of SA’s major banks and forthcoming native applications for iOS and Android. The website
SA consumers have all but abandoned the chequebook as a means of payment, with corporate use declining severely in recent years, as technology takes over. Apart from the obvious security problems with cheques, the lower cost and added convenience of electronic channels mean chequebooks could soon join audio
“Steve” from “Beep Bank” has become something of a meme among SA consumers. The First National Bank advertisements, which poke fun at the company’s rivals, imploring consumers to switch banks, have become the subject of everyday conversation, with people regularly wondering aloud which bank “Steve” really works for
First National Bank customers who are registered for the bank’s cellphone banking service can now check their balances and purchase airtime along with SMS, data and BlackBerry bundles using social media website Facebook. The service does not allow for payments to
First National Bank is adding a push-based instant messaging service to its smartphone banking application based on its inContact alert service, which will allow users to see a list version of their expenses when they select the messages icon in the app. The product, when it is rolled out to consumers
Six men appeared in the Pretoria specialised commercial crime court on Monday in connection with credit card fraud involving millions, the Hawks said. The men, two South Africans, two Nigerians, one Burundian and a Democratic Republic of Congo citizen, would remain in custody until their next court