Paynet, TYSYS in secure paperless banking plan

COMPUTING

|
Image: By BiztechAfrica
Paynet, TYSYS in secure paperless banking plan

By Semaj Itosno, Nairobi, Kenya 

Paynet Kenya in partnership with TSYS, one of the largest providers of outsourced payment services in the world, has unveiled a new credit and debit card processing system.

This follows the the upgrade of its PRIME systems for Chip and PIN readiness. 

The PRIME 4 will provide the company with the ability to issue Visa and Mastercard EMV Chip and PIN prepaid, debit, and credit cards for its regional customer base and is expected to launch in early November.

According to Bernard Matthewman, Group CEO of the Paynet Group, many banks in East Africa are considering switching their issued card base from magnetic stripe to EMV Chip, which have proven to be far more secure.

“As TSYS is a processor like Paynet, this relationship provides us with a unique opportunity to learn from the best. We intend to continue to work together to deliver new services to the East African market,” said Matthewman.

“It is important that East Africa does not let itself lag behind the adoption of EMV Chip issuing, as it will start to become a target for international criminal gangs who focus on countries that still use the magnetic stripe cards,” warns Mathewman.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE COMPUTING NEWS

VMware unveils vCloud for NFV with Integrated OpenStack to accelerate service innovation

VMware, the global leader in virtualisation and cloud infrastructure, today debuted VMware vCloud for NFV, an integrated Network Functions Virtualization (NFV) platform that will combine VMware’s production-proven virtualised compute, networking, storage and management solutions with integrated OpenStack support.  Read More

Continual service improvement: key to tackling top ITSM challenges

A lack of understanding of ITSM and its impact on business hindered its effectiveness in 2014, says Marval Africa.  Read More

Advanced analytics and telecoms – a power combination

Telecommunications and advanced analytics are a symbiotic duo that can help fast track African development and revolutionise business, says LGR Telecommunications. Read More

Cameroon college gets affordable, quality Keepod devices

Teaching and learning have since dramatically changed and improved at the College Socka Bongue in Cameroon thanks to the supply by Keepod of 650 computing devices and 26 laptops, with each device costing as little as US$7. Read More

Elephant census not ready for drone technology

Dr Chase and Minister Khama Elephants Without Borders, a Botswana conservation project which is bankrolled by Microsoft co-founder Paul Allen, has shelved the use of drone technology during future elephant census expeditions. Read More

Indigenous technical skills critical to growth, says Skysat chief

Skysat Technologies Limited CEO Izzat Debs says the conscious development of indigenous technical skills in Nigeria remains one of the ways of developing the ICT sector of the country to make it grow the nation’s GDP. Read More

Products and services to go on show at WATSE 2015

Telecoms operators, smartphone companies, ICT service companies and other allied companies will showcase their products and services at this year’s  West Africa Telecom Summit and Expo (WATSE 2015), to be held on 21 – 22 May at Movenpick Ambassador Hotel in Accra. Read More

Silicon Congo project to boost ICT entrepreneurship

ICT entrepreneurs in Congo Brazzaville have been given a platform to take off, grow and prosper by Silicon Congo, a new project launched early this week in the capital Brazzaville by the BantuHub Foundation. Read More

Cisco opens 5th academy in Botswana

Cisco Systems has opened its 5th Cisco Academy in Botswana, with online curricula, virtual learning tools, instruction support as well as teacher training and professional development opportunities.  Read More

According to VMware the future of the SAN is virtual

Customers looking to deploy SAN based environments that can scale quickly, support software-defined computing and deliver on increased performance need look no further than VMware’s new Virtual SAN 6. Read More

PRESS OFFICES

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

FEATURED STORY

2bn priced out of internet access2bn priced out of internet access

A new report from the Alliance for Affordable Internet shows that the price of broadband remains prohibitive for billions in developing and emerging countries, with women and rural dwellers hardest hit.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.