Mobile payments: BLE, NFC now HCE… OMG!

For at least the last 5 years, it’s been the year that mobile payments are going to take off – and this year is no different. As of late last year, what started as whispers from PayPal soon became a rallying call from the likes of Apple for a new technology called ‘Bluetooth Low Energy’ or BLE. It’s got everyone in retail excited all over again about mobile, even though it’s based on technology which is over a decade old. Be that as it may, BLE promises to revolutionise the way consumers and retailers interact and not just how they [...]

2017-10-16T16:37:45+00:00Jun 1st, 2014|Categories: News|Tags: |

London calling for South Africa’s Stanchion Payment Solutions

In a further move to fulfil international demand for its products and services, South African payment solutions provider Stanchion Payment Solutions has opened a European regional office based in London. The company’s entry into the European financial services technology sector follows a year after the opening of a Middle East and North Africa regional office, based out of Dubai, in March 2013. Stanchion is a specialist company trusted to implement, manage and enhance payment systems and solutions in complex environments for banks, retailers, payment processors, and payment system vendors. Stanchion CEO Graham Williams says the latest development is a milestone [...]

2017-10-16T16:41:52+00:00Apr 1st, 2014|Categories: News|

Mobile payments: BLE vs NFC isn’t a fair fight

There’s a new kid on the block in the payments environment that promises to deliver even greater convenience and practicality. It’s called ‘Bluetooth Low Energy’, or BLE, and it’s based on technology which is over a decade old. Be that as it may, BLE promises to revolutionise the way consumers and retailers interact – but only if they have the latest smartphones and retailers have tablets as point-of-sale systems. Despite the fact that BLE opens up a whole new world of exciting possibilities, it is also highly unlikely to have any sort of widespread use any time soon; instead, it [...]

2017-10-16T16:45:41+00:00Mar 12th, 2014|Categories: News|Tags: |

Nedbank chooses INETCO Insight for payment platform transaction monitoring

Rapidly growing South African bank leverages INETCO Insight business transaction management software to manage growing complexity in payments services and banking systems architecture INETCO Systems Limited, a leading provider of transaction monitoring and analytics software, announced that Nedbank, one of South Africa’s largest banks, has licensed the INETCO Insight business transaction management (BTM) solution. Having grown by over two million individual and small business clients over the last two years, Nedbank chose INETCO Insight to improve the bank’s operational efficiency and maintain high customer experience levels in the face of growing transaction performance complexities within their ATM and point-of-sale (POS) service channels. “Nedbank is experiencing a period of explosive growth and is investing [...]

2017-10-16T17:02:49+00:00Jan 14th, 2014|Categories: News|Tags: , |