Consumers at all of SA’s big banks, with the exception of Nedbank, are paying lower fees than they were last year. This is according to the third annual bank fees report by the Solidarity Research Institute, the research arm of the Solidarity trade union. The report, which was released on
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3MFuture Africa, a Cape Town-based technology firm that has been embroiled in a patent battle with MTN and Standard Bank over its payment card security technology, has received a ruling in its favour from the patent court in Pretoria. 3MFuture says
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
Mxit Money, a partnership between Standard Bank and mobile social network Mxit, has been launched and allows Mxit users to send money to one another for free, transact with that money, and even withdraw it. Users can also send money to other mobile phone users for a nominal fee. Mxit CEO
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
A fresh row may be brewing over banking clients sharing their Internet banking details with online personal financial management (PFM) sites after Nedbank on Thursday announced it was launching its own PFM product in which it will allow
“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
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
Absa will make available an online banking application for smartphones either in the fourth quarter of 2012 or in the first quarter of 2013, Christo Vrey, the bank’s managing executive for digital channels, has revealed in an interview with TechCentral. “There is a chance for the fourth quarter