Paynet, TYSYS in secure paperless banking plan
COMPUTING| Sept. 18, 2012, 11:09 a.m.
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.
MORE COMPUTING NEWS
Rack Centre appoints Udoaka Business Development DirectorRack Centre has announced the appointment of Mr Frederick Udoaka as its new Business Development Director. Read More
Mellanox introduces new BlueField family of system-on-chip programmable processorsMellanox Technologies, a leading supplier of high performance cloud and storage networking solutions, has announced the local availability of the BlueField family of programmable processors for networking and storage applications. Read More
Police MfB, Intel, Airtel partner on computers for SMEsThe Nigerian Police Force Microfinance Bank (NPF MfB) has entered into a strategic partnership with Airtel and Intel to provide affordable and accessible technological devices for the Nigerian police force and SMEs in Nigeria. Read More
Transceiver warrantees: ProLabs separates fact from fictionValue-added distributer, Networks Unlimited distributes ProLabs’ product line of high-quality, OEM-compatible optical transceivers and direct-attach cables offering at significant cost savings, often up to 70 percent less than OEM branded products, across the African continent. Read More
Resolving the data centre disconnectThe disconnect between virtualised applications and physical storage is costing businesses time and money. Read More
Huawei’s Botswana footprint ‘commendable’: MDGao Wenli, Managing Director of Huawei Botswana, is upbeat about the progress his company has made in the country so far. Read More
Huawei stages inaugural ICT conference in BotswanaHuawei Technologies Botswana held its inaugural ICT conference where a lot of its cutting edge technology was on display. Read More
Huawei initiates e-learning in Ugandan schoolsIn a bid to deepen ICT adoption among Ugandans, Huawei Uganda has provided internet connected computers to schools in western Uganda. Read More
F5’s latest plugins create compelling argument to move to OpenStackOpenStack has emerged as one of the most popular cloud computing platforms, allowing organisations to easily build and scale next-generation applications in an open source environment. Read More
Dealing with the dark side of rapid digitisation in financial servicesMobile payments and digital banking is evolving at breakneck speed across Africa, raising new digital security risks. Read More
FEATURED STORYGovernment should encourage youths in ICT early
Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.
BEST READ NEWS
IN DEPTHIBM Opens First Cloud Data Centre in South Africa
IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.
COMPANY NEWSTigo, JI and GES equip teachers on child online protection initiative
Tigo, in partnership with J Initiative (JI), a youth focused non-governmental organisation in Ghana, have committed to protecting children online through policy advocacy, awareness creation, public education ...