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

Search News

comments powered by Disqus

MORE COMPUTING NEWS

Make way for VAS: The era of VM-aware storage

Along with DAS, SAN and NAS, storage now has another term, VM-aware storage (VAS).  Read More

Trisat showcases online platform for schools management

Software development company Trisat Communications Limited has launched an online platform, nortify.com.ng, to provide digital tools to simplify school management. Read More

Transforming and maximising existing fibre networks

Maximising existing optical fibre infrastructure is a challenge that needs tackling by network operators - both large and small. Read More

Technology leaders join forces to bring an open acceleration framework to data centres

Anton Jacobsz, MD at Networks Unlimited Mellanox, ARM, Huawei, IBM, Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, and Xilinx, Inc. have joined forces to bring a high-performance open acceleration framework to data centres.   Read More

Why going paperless can make you more money – and save some too

The environment and saving costs when moving a business to a paperless office are the two most popular benefits, but there are many more benefits to doing so.  Read More

Airtel chief: Disruptive technologies vital to Nigeria’s GDP growth

Leading telecommunications services provider, Airtel Nigeria, has said disruptive technologies can contribute significantly to the nation’s Gross Domestic Product (GDP) if ICT start-ups are encouraged to create innovations that deliver value. Read More

Youths gain fom ICT Dynamix support

Botswana based citizen owned company ICT Dynamix is upskilling and employing youths in the ICT industry. Read More

Acer to invest in Botswana

Acer, the global hardware, software and services company, announced its investment and growth strategy for the Botswana market. Read More

Rack Centre appoints Udoaka Business Development Director

Rack 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 processors

Mellanox 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

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

First-ever Africa Barclays Accelerator programme concludesFirst-ever Africa Barclays Accelerator programme concludes

Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.

 

IN DEPTH

Ethical Hacking students can’t get a heck of a jobEthical Hacking students can’t get a heck of a job

Botswana ethical hacking students report that they are failing to break into the local job market.