Browsing: Payments Association of South Africa

News
Fingerprint biometrics coming to SA bank cards

New standards to facilitate card payments using fingerprint authentication have been introduced to make transactions more secure and convenient for consumers. The Payments Association of South Africa, in partnership with

Editor's pick
Reserve Bank slashes card fees

In a major victory for South African retailers, and possibly consumers, the Reserve Bank has approved changes to the “card interchange rate”, the fees a retailer’s bank pays to a cardholder’s bank every time a bank card is used at the point of sale. The changes took effect

News
Dexter malware still a threat: expert

Claims that infected systems caused by the Dexter malware attack are “clean” and that consumers have “nothing to worry about” are unfounded, a security industry expert has said. SecureData Africa chief technology officer Wayne Olsen says consumers should still be concerned as it is a

In-depth
How the Dexter malware works

A major security breach involving the theft of South African bank account holders’ details by one or more criminal syndicates may go down as one of the worst such incidents in the country’s history. Criminals infected point-of-sale terminals in South African fast-food outlets and restaurants with

Editor's pick
SA banks in massive data breach

South Africa’s banks have suffered tens of millions of rand in losses due to a major breach of customer card data by criminal syndicates that infected electronic point-of-sale terminals using a variant of malicious software called Dexter. It’s not known exactly how

News
Bank cards data breach: Pasa statement

TechCentral revealed on Tuesday that South Africa’s banks have suffered tens of millions of rand in losses due to a major breach of customer card data by criminal syndicates that infected electronic point-of-sale (POS) devices using a variant of a malicious software tool called Dexter