MSB to switch to new Electronic Funds Transfer

COMPUTING

|
Image: By BiztechAfrica
MSB to switch to new Electronic Funds Transfer

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. 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE COMPUTING NEWS

Malawi commemorates Girls in ICT day

Malawi has joined other International Telecommunication Union (ITU) member states in celebrating the International Girls in ICT Day. Read More

MINESEC, MTN Foundation seek best ICT use in teaching

MINESEC and the MTN Foundation in Cameroon have launched the second edition of a competition to find the teacher making the best use of ICTs for teaching. Read More

‘Weather Station for Schools’ Project to build students’ skills

Oracle Academy and the Raspberry Pi Foundation have officially launched Oracle Raspberry Pi Weather Station for Schools,an ambitious project to join thousands of schools in Africa and around the world in a global science experiment.  Read More

BNPC releases Global Information Technology Report 2015

The Botswana National Productivity Centre (BNPC) in partnership with Ministry of Transport and Communications and its related public institutions, has released the 2015 Global Information Technology Report (GITR).  Read More

Africa’s competitive business environment spurs IT services adoption

Emerging African economies are increasingly embracing IT services solutions in a bid to support their growth initiatives, according to the latest insights released by International Data Corporation (IDC). Read More

DevOps: The worst-kept secret to winning in the application economy

CA reveals how DevOps is the key to winning in the brave new world of the application economy.   Read More

Tech in South Sudan “born with teeth” – analyst

South Sudan was “born with teeth” as far as its ICT development is concerned, according to an analyst, with the country having made positive steps even pre-independence. Read More

Innovative BAC Stand gets an A++ at BTE Fair 2015

BAC Executive Director Mike Lesolle Botswana Accountancy College (BAC) which recently unveiled two new industry technology courses received top accolades among several other international awards for their exhibition stand at the Botswana Tertiary Education Conference and Fair 2015 (BTEF).  Read More

@iLabAfrica to stage kids’ ICT boot camp

@iLabAfrica, Strathmore University is organizing a 9-day Holiday Boot Camp for Primary and High School Students from 7th April 2015 to 17th April. Read More

Light sensor market to grow 16% by 2016

Samsung, Apple and Chinese OEMs will drive revenue in the light sensor market to grow 16 percent between 2013 and 2016, according to a new report from IHS.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

e-commerce space untapped, says phonekings heade-commerce space untapped, says phonekings head

E-commerce is the future, says the head of a new online electronics mall launched in Nigeria. Tayo Olusanya spoke to Kokumo Goodie in Lagos.

IN DEPTH

Villagers get solar training at Barefoot College Villagers get solar training at Barefoot College

The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India. 

COMPANY NEWS

ICT skills in Kenya to grow as ICT Authority and Microsoft sign MOU

Kenya’s ICT Authority and Microsoft have signed a Memorandum of Understanding (MOU), which will, among other things, see Microsoft offer support in providing a platform that will ...