MSB to switch to new Electronic Funds Transfer
COMPUTING| Sept. 22, 2012, 11:06 a.m.
By Gregory Gondwe, Blantyre, Malawi
The state-owned Malawi Savings Bank (MSB) has announced the completion of the installation of its new Electronic Funds Transfer (EFT) and has asked its customers to start applying for new ATM cards from Monday September 24, 2012.
The initiative, which the banks have touted as highly advanced, will see the customers getting rid of their old ATM cards which were being hosted by the Malawi Switch Centre (MALSWITCH).
“Following our previous communication on the implementation of the Bank’s own EFT switch, the implementation of the Bank’s own EFT switch, the Bank is pleased to advise the general public and its customers in particular that the bank is now ready to roll out the new switch,” the bank announced.
The bank further says this platform will drive ATMs and Point of Sale devices.
“With the implementation of the switch the bank will now start issuing new ATM cards branded iCash cards,” says the bank.
The Bank says all its ATM machines will not accept old ATM cards from October 12, 2012.
“Customers who have funds on their cards should utilise their funds before the 12th of October or bring their card to the Bank to transfer these funds back into their bank account(s),” says the bank.
MORE COMPUTING NEWS
Teachers recognised for best use of ICTsThe MTN Foundation and Cameroon’s Ministry of Secondary Education have recognised teachers who make the best use of ICTs in education. Read More
Use ICTs to boost entrepreneurship, DRC youth toldYoung people in the Democratic Republic of Congo (DRC) have been told to use the information and communication technologies (ICTs) in their quest to boost their entrepreneurship initiatives. Read More
LINKZ ICT challenge getting biggerThe fourth annual Botho University LINKZ ICT challenge this year attracted a sizeable number of students from both the tertiary and secondary school students. Read More
Closing the ‘mobile’ gap in your DR strategyAs technology has evolved, vulnerabilities have opened up in many organisations’ DR strategies and infrastructure, particularly with regard to mobility, says Drive Control Corporation. Read More
Congo’s financial sector ‘falling in love’ with ICTsThe financial sector in Congo-Brazzaville seems to be falling in love thick and fast with ICTs. Read More
Adapt to ICTs or die, DRC postal service toldOn Thursday 9 October 2014, while the world was celebrating World Postal Day, a top official of Société Congolaise de Postes et Télécommunications (SCPT) dropped a bombshell, saying that the country’s postal service needed to adapt to the information and communication technologies (ICTs) if it hoped ... Read More
Partnership enables immediate delivery of cloud servicesOn the back of its partnership with cloud distributor Cloud On Demand, local cloud service provider Alto Africa has dramatically increased the speed and delivery of its shrink-wrapped cloud solutions to customers. Read More
Oracle launches capacity-building programme to close IT skills gap in AfricaOracle Corporation has announced an initiative designed to enrich and increase the skills capacity of IT practitioners in Africa. Read More
SOFGEN activity monitor goes live at Standard Bank MozambiqueSOFGEN Holdings Limited has announced the successful installation of its flagship Temenos T24 system monitoring software, SOFGEN Activity Monitor (SAM) at Standard Bank in Mozambique. Read More
ITU to build united front against technology fakersITU will host high-level talks in a bid to improve global coordination in the application of information and communication technologies (ICT) as part of strategies to combat counterfeit and substandard ICT devices. Read More
FEATURED STORYGrowing African focus on data security
Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.