Magnetic stripes on bank cards appear to be on their way out as South Africa’s financial institutions look to more modern features to bolster the security of card transactions.
Browsing: Standard Bank
BankservAfrica’s latest update to real-time payments platform PayShap is designed to drive uptake of the service.
Standard Bank has experienced a data breach involving a senior employee, who is now facing a disciplinary process.
BankservAfrica has increased the upper payment limit for PayShap transactions from R3 000 to R50 000.
Standard Bank spends more than R1-billion/year keeping its systems safe from attackers.
Standard Bank Group CIO Jörg Fischer is TechCentral’s guest in the latest episode of Meet the CIO.
South African assets have rallied in recent months, yet the head of the country’s biggest bank still sees a cautious approach among many foreign investors.
Tapping a card or smartphone at the point of sale is rapidly taking off as a payment method in South Africa.
Total IT spend at FirstRand for the financial year ended 30 June 2024 reached R19.3-billion, up 8% from 2023’s figure.
The strategic cooperation agreement will accelerate digital transformation of the financial sector and enhance South Africa’s ability to continue growing its digital industries.