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
Asset Finance: Purchase or Pay-Per-Use?There are three main financing options when it comes to acquiring new equipment, explains InnoVent. Read More
African Data Centre pricing increasing significantlyTCL forecasts that Data Centre space will grow to 107,000 square metres in Africa as of the beginning of 2015, and that average pricing is increasing across the continent. Read More
Moremi School launches own ICT HubMoremi III Memorial School in Maun has launched its own Information Communication Technology (ICT) hub aimed at improving the status of education at the school. Read More
BT announces new AMEA cloud servicesBT has announced new cloud services aimed at supporting the expansion plans of its customers in Asia-Pacific, the Middle East and Africa (AMEA). Read More
MWEB Business’ Top Technology Trends 2014 – 2015MWEB Business predicts the top local technology trends for the coming year. Read More
2014 EMC Forum to be staged in LagosThe 2014 edition of the annual EMC Forum themed ‘It’s Time To Redefine IT’ is set to be staged in Lagos on November 25, at the Expo Hall of Eko Hotel and Suites, Victoria Island. Read More
Accenture previews digital disruptionSpeaking at Oracle Day in Lagos, Accenture has outlined the digital transformations already taking place thanks to ICTs, and the ways in which technology will change lives in future. Read More
Preparing for the workplace of tomorrow using today’s insightsA new survey, 'Workforce 2020', has revealed that most companies are not prepared to capitalise on the forthcoming workplace changes. Read More
West Africa looks to smart cities technologiesWest African governments are showing increased interest in smart cities technology and the benefits they can offer citizens, says Cisco. Read More
FEATURED STORYGSMA: half a billion mobile subscribers in SSA by 2020
The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.