Pillars of PCI compliance
The Payments Association of South Africa (PASA) has mandated that merchants of all sizes that process, store or transmit credit card information must comply with the Payment Card Industry (PCI) security compliance by the end of 2013. Consequently, retailers have to...Building an ecosystem for mobile payments
Mobile phone-based transactions have come of age in South Africa, with wiGroup’s platform, wiPlatform, processing over half a billion rands in transaction value during the first six months of 2013. “We have seen a 500% increase in mobile transaction volumes through...Adoption of contactless payments
As South Africa steadily gears up for the widespread adoption of contactless payment systems, a local expert says consumers have plenty of convenience to look forward to. However, adoption is something of a “chicken and egg” challenge, as introducing the...Unlock the power of information in insurance
There are three indisputable facts about the insurance industry, says Bruce Taylor, GM: Vertical Solutions, Dimension Data Middle East and Africa. Firstly, it’s a $4,3-trillion global business with premium revenues in emerging economies growing at 11% year-on-year....Mitigating money laundering risks
Whether it’s via real estate deals, “fixed” gambling, poor record keeping at a Bureaux de Change, double or inflated invoicing in a company or transferring money to an unknown party regularly for a commission, money laundering is as serious an issue in...