Archive | Industry News RSS feed for this section

04 December 2013 – Cards fail; cash prevails

On one of the busiest days shopping days of the year, Cyber Monday, 24 million RBS Group customers across the U.K. got schooled in the pitfalls of plastic. At 6:45 p.m., RBS computer systems crashed — for three hours. Cards fail; cash prevails

Read More
12 September 2013 – ‘Industrial action’ behind slower SA growth forecast

South Africa’s economic growth is expected to slow through the rest of 2013 after a strong second-quarter performance, according to a Reuters news agency poll of economists who blamed widespread industrial strife for the slowdown. http://www.bdlive.co.za/economy/2013/09/12/industrial-action-behind-slower-sa-growth-forecast

Read More
07 August 2013 – For life’s simple pleasures, cash

There is a definite imbalance in the advertising war on cash. We have seen the credit card companies, debit card providers, e-payment companies and even fringe payment options …   For life’s simple pleasures, cash

Read More
August 2013 – Frequently asked questions

There are over 1.5 million ATMs installed worldwide, with a new ATM being installed approximately every 5 minutes, according to estimates by Retail Banking Research Ltd. Frequently asked questions  

Read More
29 July 2013 – Focus on emerging markets

Fickle investors have spurned  emerging markets in recent weeks, but this route has obscured a  more alluring vista out on the horizon. Focus on emerging markets  

Read More
29 July 2013 – Barnaby Jack, Hacker who made ATMs spit out cash dies

A prominent hacker who discovered a way to have ATMs spit out cash and was set  to deliver a talk about hacking pacemakers and other wireless implantable  medical devices has died in San Francisco, authorities and his employer said. Barnaby Jack dies

Read More
26 July 2013 – Angola’s ATM network tiny but growing

Angola’s ATM network is poised for growth, with expectations that, within months, it will grow from the current average of 700,000 ATM transactions per day to 1 million. Angola’s ATM network tiny but growing  

Read More
24 July 2013 – SA’s most liked bank accounts

July is National Savings Month in South Africa, which is an initiative aimed at encouraging saving and financial literacy amongst consumers.   http://business.iafrica.com/personal-finance/871692.html

Read More
22 July 2013 – Your face could be your next pin

While the US, and many other nations around the world, struggle to find justification for EMV cards and the use of Chip and PIN devices, Europe is steaming ahead beyond the realms of the standard PIN and into facial recognition.   Just face it, your face could be your next pin  

Read More
17 July 2013 – Unbanked market ‘needs attention’

An estimated $8bn of cash deposits are made every year by 13-million adults who are unbanked in SA. This despite the perception that banks are serving the whole population, said Standard Bank mobile and internet banking head Gustav Vermaas. Unbanked market needs attention

Read More