Absa unveils mobile branch in Eastern Cape
Absa has embarked on its first operational trial of a ‘Branch-on-the-move’ in Idutywa in the Eastern Cape. Explaining Absa’s ‘Branch-on-the-move’ concept, Absa’s Head of Retail Markets Arrie Rautenbach says it is designed to simulate the functionality of an entire bank branch in the form of a large container on wheels, that can be set up [...]
Absa’s CashSend processes R1 billion in transactions
Absa says it has processed over a billion rand in total values via its CashSend money transfer platform in 2012. “This is 73% up from 2011,” says Absa’s Head of Retail Markets, Arrie Rautenbach who believes this marks the beginning of an exciting growth period ahead for the bank. “This is a very exciting landmark for [...]
DST partners with Absa
The Department of Science and Technology (DST) and Absa have signed an agreement that will see the two collaborate on ICT and agricultural business development programmes. “This partnership is … timely as it occurs when government is seeking sustainable strategies to increase investment in research and development, and also stimulate business to do the same,” said [...]
Absa warns customers of banking fraud
With 2011 drawing to a close, Absa has urged customers to exercise vigilance when transacting this festive season. Traditionally, banking fraud spikes over the holidays as more South Africans vacation and spend money. Customers need to be mindful of, and protect themselves against a few key scams. Phishing Phishing pertains to emails, purportedly sent by [...]
Absa kicks-off NFC trial for mobile payments
Absa has announced the launch of a live user trial of Near Field Communication (NFC) technology on mobile phones. The trial will kick off in mid-December and involve 500 of the bank’s own staff members, operating in a live commercial environment. “Absa is the first institution in South Africa to bring Near Field Communication (NFC) [...]
Absa goes live with fingerprint verification system
As the Department of Home Affairs (DHA) partners with the South African Banking Risk Identification Centre (SABRIC), Absa has announced the introduction of the online fingerprint verification system at its branches. Absa has become the first bank to go live with the DHA interface. This service will enable Absa to verify and authenticate client identity, [...]
Absa focuses on innovation
Absa says it will continue to invest substantial human capital and finances into retail banking technology and innovation. “In line with customer expectations, we are committed to innovating on an on-going basis. This is significant as the ways of payments have evolved and continue to evolve,” says Arrie Rautenbach, head of Retail Markets at Absa. [...]
ABSA to spend R5bn on IT
As banking becomes increasingly technology reliant, ABSA says it will spend R5 billion in the next four years in an effort to improve efficiency. Banking institutions have over the past years spent billions in technology as the traditional banking methods becomes less favourable to the customers. The banking group says the IT spend will focus on maintaining [...]
Absa cellphone banking on the rise
Absa has announced a 65% year-on-year increase in financial transactions made on its three cellphone banking offerings. “Cellphone banking adoption continues to beat expectations. In 2011, we will see transaction values of about R10 billion transferred via the mobile channels. With a wide range of transactional and enquiry services that are now available via cellphone [...]
Absa CashSend transactions pass R500m
Absa has announced that customer transactions for its cardless ATM offering, Introduced in late 2008, CashSend enables Absa individual customers – who do not have bank accounts – to send money from the cellphone banking platform, any ATM and from Internet banking channels to anyone in the country, both banked and unbanked. Absa says transactions [...]
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