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
Time for CIOs to change strategy in the fight against consumer technologyShadow IT is simply not going away, says Sumash Singh, Country Manager at CommVault South Africa. Read More
Virtualisation in the age of smart dataActifio solution strategist Gareth Donald discusses virtualisation in the age of smart data: the next frontier on the march to the cloud. Read More
SATA confers on customer service and billingThe Southern African Telecommunications Association (SATA) held a Customer Service, Quality of Service (Qos) and Billing Conference. Read More
Study: Payments industry in fluxA new study indicates that cards will account for 273 billion transactions at a combined value of some US$30 trillion by 2018, but as mPOS grows, new forms of payment will flourish. Read More
Nissan parades ‘ICT built’ brand in MalawiNissan has paraded its brand new 2015 y62 Patrol Ti series in Malawi, which is said to have taken advantage of ongoing ICT innovations and features built-in navigation and digital entertainment. Read More
Digital fuels growth in Africa’s entertainment and media industry: PwC reportAfrican entertainment and media industry has entered a new landscape – one where the media is no longer divided into distinct traditional and digital spheres, according to a report from PwC. Read More
Deloitte unveils Tech Trends 2015The sixth annual Deloitte Tech Trends report examining disruptive technologies with the best potential to impact businesses within the next 18 to 24 months, will be released in Johannesburg today. Read More
Microsoft promotes Africa’s innovators through DEMO Africa 2015Using the Demo Africa platform as a veritable vehicle for the development of African innovators, Microsoft, under the 4Afrika Initiative, has confirmed its support for the upcoming DEMO Africa event in Lagos. Read More
NITDA affirms confidence in DEMO Africa 2015Nigeria’s National Information Technology Development Agency (NITDA) has affirmed its confidence in the ability of the DEMO Africa forum to become the continent’s rallying ground to discover technology leaders and entrepreneurs. Read More
Alcatel-Lucent VP calls for collaboration to achieve Data Revolution in AfricaThe Vice president of Alcatel-Lucent Africa, Daniel Jaeger, has reiterated the need for African stakeholders to work together to address challenges in the way of ICT development in Africa. Read More
FEATURED STORYConnectivity critical for Nigeria's ICT sector, says SES chief
Connectivity is vital for any country to fully optimise the huge potential of cyberspace, SES Sales Manager for West Africa Joy Nma Emenike tells Kokumo Goodie.
BEST READ NEWS
IN DEPTHHigh tech homes: Just press play
High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.