Banking / General

Industry-level Card Data Exposure

The Payments Association of South Africa (PASA), international card schemes (Visa and MasterCard) and South Africa’s major banks are aware of a data compromise at a number of South Africa’s restaurant chains/franchises. As a result of the compromise, card details were accessed by an unauthorised international organisation through custom-written virus software. Immediate steps have been taken to secure the relevant systems and to prevent further leakage of card details.

Bank confidence weakens again, driven by weak retail prospects

Nedbank boosts its middle-market offering with the introduction of its new Savvy Bundle

Building on its Savvy product launched in 2010, Nedbank has recently announced its latest enhanced Savvy Bundle offering, which is aimed at providing a one-stop banking solution for the middle market. The new Savvy Bundle offering is available to clients at a fixed fee of R169 a month, empowering clients to be more savvy with their money.

FNB Commercial and RMB Corporate Bank launch Online Banking Enterprise™ on Tablet

Today, FNB Commercial and RMB Corporate Bank announced the launch of Online Banking Enterprise™ on the FNB Banking Tablet App. This new platform will enable business and corporate clients to securely manage their business’ financial affairs anytime and from anywhere in the world.