Standard Bank caused a bit of a furore on Twitter on Thursday when it tweeted that it had lodged a complaint with the Advertising Standards Authority over an advertisement competitor First National Bank placed in weekend newspapers. It accused its rival of “misleading advertising”. Although the bank says filing the complaint
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“You’re being irrational.” No one likes to hear those words. They are the verbal equivalent of a pat on the head. But, like it or not, we are fundamentally irrational beings. And the area in which we should be the most clear-headed, our personal finances, is usually
Online “phishing” fraudsters, who try to con consumers out of their personal banking details to steal their money, target clients of Absa the most, data from a local e-mail company shows. Yossi Hasson, MD of open-source e-mail solutions and network management company Synaq, runs a phishing signature database using
Financial management website 22seven has been live for just a day and already it’s facing its first serious challenge. Some of SA’s big banks have begun warning their customers not to provide their banking login details to the service, which aggregates users’ financial information to give them a graphics-rich picture of their income and spending
Standard Bank and Nedbank have finally offered their opinions on online personal financial management (PFM) start-up 22seven, which has been garnering an enormous amount of attention and controversy from banks and consumers alike since launching on Thursday. Absa and First National Bank have both weighed in
Tower management company Eaton Towers has secured a US$30m debt facility from Standard Bank, via Stanbic Bank Ghana and Standard Bank in SA, to expand its portfolio of telecommunications towers in Ghana. Eaton Towers is one of several companies
Absa, SA’s largest retail bank, is to roll out contactless payment systems by the end of this year. Supported at first by cards that are equipped to make payments by means of tapping them on a reader, these same readers will eventually be able to accept
MTN MobileMoney is introducing an e-commerce payment mechanism called payD that allows SA consumers to buy products and services online using their debit cards. Budget airline 1time is the first company to offer the new online payment technology
Near-field communication, or NFC, is taking the mobile world by storm, with operators and payments companies predicting it will change the way people buy and sell goods, potentially replacing plastic cards and cash at the point of sale
Despite the tough economy, at least one area of business is booming. Data centres, some of them vast structures costing hundreds of millions of rand each, are popping up across the countryside. We have the free market to thank