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To leverage the BYOD trend and protect the business, corporates need mobile device management software: The Bring Your Own Device (BYOD) phenomenon, which sees individuals bring their own mobile devices into the
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SA Banks urged to take precautions with clients’ personal information

SA Banks urged to take precautions with clients’ personal information

With the Protection of Personal Information Bill (POPI) expected to be promulgated this year, the focus on protection of consumers’ personal information is becoming increasingly important for the local banking sector which handles and stores thousands of clients’ personal information on a daily basis.
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Reckless lending equals 9.3 million consumers with impaired credit records

Reckless lending equals 9.3 million consumers with impaired credit records

The debt industry portal, theDCI recently announced its support for initiatives by the authorities to address a ‘rising flood’ of unsecured debt that threatens to swamp embattled consumers.   Initial steps by Finance Minister Pravin Gordhan and National Treasury are welcome, but further action is required, theDCI lead a recent…
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E-commerce in Africa: Not quite ready for take-off

E-commerce in Africa: Not quite ready for take-off

Lack of bandwidth is not the only factor hampering the development of e-commerce and online business in Africa, says Peter Harvey, founder and MD of PayGate: The continent also needs a much more sophisticated financial infrastructure.   “To make e-commerce happen you need a complex ecosystem for making and processing…
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South Africa’s banking sector remains sound and profitable despite economic uncertainty

South Africa’s banking sector remains sound and profitable despite economic uncertainty

The financial results of South Africa’s four major banks for the six months ended 30 June 2012 have remained resilient despite the recent global economic uncertainty, according to a report issued by professional services firm PwC. “Although in most cases not directly, our banks have had to cope with another…
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New South African bank notes

Do you know your money?

In terms of the South African Reserve Bank Act, 1989 (Act No. 90 of 1989), the Bank has the sole right to issue banknotes and coin. As it is international best practice to develop a new banknote series every six to eight years. The South African Reserve Bank, therefore, last…
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Banks could slash online credit card fraud with one simple action

Banks could slash online credit card fraud with one simple action

Credit card fraud is one of the biggest obstacles to growing e-commerce,  but the risks could be slashed if the 3D Secure protection system was widely implemented. 3D Secure is the online equivalent of a PIN. Cardholders have to enter an extra password to complete an online purchase. That adds…
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