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Apple Pay – All you need to know

Published by on Sep 10th, 2014, No Comments

Apple Pay

Apple really hit it out of the park with their event last night. Along with finally announcing the much anticipated iPhone 6 and iPhone 6 Plus as well as the swoon-worthy Apple Watch, the company also announced an all new service that will allow for mobile payments called Apple Pay.

Apple Pay is a mobile payment platform, that will in essence, allow you to make payments straight from your iPhone through the Apple Pay service.

The main goal with Apple Pay, as Tim Cook announced last night, is to make credit and debit card payments more secure – and of course easier and more efficient.

Cook started by saying that their goal is to eliminate the ‘fairly antiquated’ process of paying by card. He emphasized the fact that current credit or debit card payments are not as secure as we think. Magnetic strip cards are outdated and highly susceptible to fraud. While most of us have a chip card nowadays, these are also not as secure as they should be.

That is why the safest, most secure and most streamlined way of paying is mobile payments. As Cook said, with the current way of paying with physical credit cards, we are “totally reliant on exposed numbers”.

Apple Pay incorporates NFC technology to make the payments more secure. But besides the inner workings of Apple Pay, how it works (in layman’s terms to you and me) is quite simple.  (more…)

MasterCard launches MasterPass in SA

Published by on Jul 16th, 2014, 2 Comments

MasterPass3Online shopping has become many a customer’s first choice of access when it comes to purchasing. Unfortunately due to security concerns and legislation it sometimes takes quite a while to get through the “Checkout” counter on any given website. The experience is sometimes similar to a day at the department of home affairs. To make this process not only super quick but also easy and secure MasterCard introduced MasterPass to the South African public yesterday.

According to the MasterCard press release: “MasterPass enables consumers to make convenient, simple, fast and secure digital payments. Digital wallets accessible through the MasterPass acceptance network allow consumers to store all their MasterCard or other branded credit, debit or cheque card information, and shipping and billing address details securely in one place. This gives them the ability to make secure online payments without the repeated hassle of entering these details each time.” (more…)

Is Apple about to take on PayPal?

Published by on Jan 27th, 2014, 2 Comments

apple-paypal

Everyone with an iTunes account is a loyal customer of Apple’s, right? It means they have your credit card information. Also, if you have an iPhone 5S that means that you can do almost anything on the device with the tap of a finger. How nice would it be to pay for anything on your phone with just the tap of a finger?

That is definitely Apple’s thinking, and it can be completely understood. The Wall Street Journal reports that Apple is building its own mobile payments business to take on the likes of PayPal and Google. (more…)

The most popular mobile money services in South Africa

Published by on Nov 29th, 2013, No Comments

Mobile Money

Sending and receiving money through mobile has become increasingly popular. Even in emerging markets like Africa, the digitalization of money has become an everyday-thing.

In South Africa, there are many different ways to send or receive money on your mobile. Internet banking aside, many companies offer made-for-mobile money sending systems, that make sending money as easy as sending a text message.

Dashboard and World Wide Worx have recently collected data on mobile money sending in South Africa as part of a collective Mobility 2014 study.

In the survey, they questioned 1200 people. 9% of the people surveyed said that they had used mobile money sending services over the past three months.  (more…)

Google now offers a prepaid debit card on Google Wallet

Published by on Nov 21st, 2013, No Comments

Google debit card

Good news for Google Wallet users – and unfortunately only US citizens. Google has announced that they will now offer a prepaid debit card connected to users’ Google Wallet accounts.

The card, which for now is only available in the good old US of A, will allow customers to purchase goods at shops and draw actual cash from ATM machines.

However, you would have to have a Google Wallet account to use the debit card for your shopping sprees. Google Wallet is a app and online payment service that allows its users to buy goods and transfer money between each other.

Consumers can add money to the card by linking it to their (or a) bank account. The card can also be loaded with money when someone else transfers money, via Google Wallet into their Wallet account.

To access the card’s balance at shops or at an ATM, you simply use the same pin-code that you use with your Google Wallet account. (more…)

FNB takes app and digital banking to a wider African audience

Published by on Nov 19th, 2013, No Comments

FNBFNB’s popular banking app is now also be available in other African countries. The app, which has amassed over 600 000 active users in South Africa, is now available for download in FNB’s African subsidiary countries.

These include Namibia, Botswana, Zambia, Tanzania, Swaziland and Lesotho.

The FNB banking app was the first of it’s kind in Africa when it launched back in 2011. Since then, the app, as well as the mobi-site, has grown to offer users a broader banking experience on their mobile device.

Both the app and mobi-site gives users the opportunity to do their banking anywhere, anytime and know its still safe and secure.

The FNB app is available to download on iOS, Android and Blackberry. The mobi-site works on all internet enabled phones, including smartphones as well as feature phones.

The app has shown a significant uptake in other African countries where FNB is operating. More than 4200 customers are actively using the app and over 8800 users have taken up banking on the mobi-site.

Why is it so exciting that FNB has launched their app and mobi-site to a greater African audience? Well, because Africa is the world’s fastest growing market in the world. Providing digital banking to these budding markets will not only secure success for FNB, but will also empower their clients.  (more…)

ABSA partners with Telkom on Mobile, ADSL

Published by on Nov 5th, 2013, No Comments

Two of South Africa’s oldest and largest institutions, Telkom and ABSA, have joined forces on Telkom’s ADSL and prepaid Telkompackages.

According to Telkom, ABSA customers will now receive cash rewards when they purchase airtime for the newly launched Telkom Mobile or when subscribing to Telkom ADSL contracts.

In a statement released on Monday, the South African communications giant said that they believe ABSA customers are a source of “quality customers” and that their loyalty will give Telkom a “long tenure”.

The cash rewards tie in with the ABSA Rewards Programme. This is a bank rewards initiative that, unlike other South African banks, offers it’s customers real cash back for swiping their ABSA card. (more…)

FNB launches Share Investing on the FNB app

Published by on Oct 30th, 2013, 1 Comment

FNB-Digital

If you are an FNB customer with many investments to keep track of – here is something that is sure to make your life a little easier.

Yesterday, FNB announced the availability of ‘Share Investing’ on the FNB app.

The new function is available on the latest version of the popular banking app that is compatible on both smartphones and tablets.

The availability of FNB’s ‘Share Investing’ function, will give FNB customers the ability to buy, sell and keep track of all their investments – simply by using their smartphones or tablets. (more…)

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