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7 Benefits of Virtual Cards for Businesses

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Virtual bank cards are set to take businesses across a new digital frontier, improving banking safety parameters while offering a convenient payment experience. Lauren Deva, Pillar Head for Commercial Transactional Pillar at FNB Commercial, says the move towards virtual cards in South Africa is an essential one for the digital transformation journey of businesses. Moreover, it coincides with the phasing out of cheques, which are no longer accepted as a valid payment method. With that in mind, here are 7 key benefits of Virtual Cards for businesses: Businesses can easily facilitate business-to-business payments. The Virtual Card removes the need for individual corporate cards as it can be safely used by multiple people and the CVV constantly updates. Considerably reduces the risk of on...

Politics

Why IaaS is a Profitable Storage Solution

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Infrastructure as a Service (IaaS) supports the flexibility and scalability businesses need today, while reducing capital expenses – a factor that is increasingly important in the current challenging economic climate. High performance, highly available and reliable storage are critical to delivering enterprise-grade managed services from the cloud. Storage is a central component of an IaaS offering, as it impacts these critical elements. Noisy neighbours equal unhappy IaaS customers As IaaS providers grow, customer demand for performance increases, and keeping pace with the scalability required from storage can be challenging. In addition, many traditional storage architectures require multiple storage tiers, creating disparate service levels, making it impossible to offer a true multi-ten...

Politics

Why Millennials and Gen Z are Most Likely to Fall for Phishing Attacks

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Sourced from TTEC.com There is a common misconception that older people (who tend to have less experience with new technologies) are easier to scam online. However, recent data findings from Atlas VPN suggest that just the opposite is true. Millennials and Gen Zers are more likely to fall for phishing emails than their older counterparts. In total, more than one-fifth (23%) of people from Gen Z and the Millennial generation have been tricked by phishing emails in the past. Gen Zers and Millennials are followed by Generation X. A total of 19% of Gen Xers have been fooled by email phishing scams. Baby Boomers, on the other hand, are the least likely to fall for phishing attacks. Only 9% of them have done so in the past. In addition to phishing scams, Gen Z and Millennials are also most vulne...

Politics

Could Digital Health Passports Boost Secure Travel Post-COVID-19?

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/* custom css */ .tdi_3_635.td-a-rec-img{ text-align: left; }.tdi_3_635.td-a-rec-img img{ margin: 0 auto 0 0; } According to the World Health Organization’s COVID-19 dashboard, there are 157,973,438 confirmed cases globally, and the National Institute for Communicable Diseases (NICD) is tracking daily increases in infections pointing to a looming third wave in the coming weeks or months. Statistics show us that different countries are at different stages of their pandemic journey. In this regard, health passports are the latest step in the evolving response to the global pandemic. It is an idea that’s gaining traction too, as it seems such an obvious solution to help reopen the door to a post-COVID-19 world. However, one person’s common sense approach to halting the spread of the virus and...

Politics

Safaricom in Talks to Provide M-PESA Services in Partnership with Amazon

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Image sourced from Techweez Safaricom is in talks with Amazon over the use of its mobile money service M-Pesa on Amazon’s eCommerce platform, according to Bloomberg. This move is said to be part of the Kenyan telco’s efforts to recover from a year of disappointing profits. “M-Pesa accounts for about a third of Safaricom’s revenue, and East Africa’s largest company sees the financial-technology product as the key to future growth. The carrier already has partnerships with a unit of China’s Alibaba Group Holdings Ltd. and PayPal Holdings Inc.” According to PYMNTS, this isn’t the first time these two giants have partnered, “as the two already partner on web services, and the Kenyan company runs cloud sales for Amazon”. Calls for Safaricom to Share Telco Infrastructure by Kenya Competition Aut...

Politics

Why Mobile Technology is Important to Rural African Communities

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/* custom css */ .tdi_3_066.td-a-rec-img{ text-align: left; }.tdi_3_066.td-a-rec-img img{ margin: 0 auto 0 0; } Mobile technology is at the heart of Africa’s digital journey thanks to its ability to provide communities with improved work and economic improvements. A great example of how access to online resources is The Haller Foundation’s award-winning mobile app — Haller Farmers.  To unpack this further, IT News Africa’s Jenna Delport spoke to Joseph Baraka, Community Project Coordinator at the Haller Foundation in Kenya. Here’s what transpired: Africa faces one of the biggest digital divides in the world — with that in mind, how does access to mobile technology allow rural communities to thrive in an increasingly innovative era? The use of mobile phones has increased drastically in...

Politics

Apple AirTags Launch in South Africa

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/* custom css */ .tdi_3_0bb.td-a-rec-img{ text-align: left; }.tdi_3_0bb.td-a-rec-img img{ margin: 0 auto 0 0; } Apple’s newest gadget – the AirTag – is now officially available in South Africa. The device allows users to locate a lost item, all while keeping location data private and anonymous with end-to-end encryption. Kaiann Drance, VP of Worldwide iPhone Product Marketing at Apple, says “we’re excited to bring this incredible new capability to iPhone users with the introduction of AirTag, leveraging the vast Find My network, to help them keep track of and find the important items in their lives.” “With its design, unparalleled finding experience, and built-in privacy and security features, AirTag will provide customers with another way to leverage the power of the Apple ecosystem ...

Politics

Starlink Partners with Google to Deliver Data and Cloud Services

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SpaceX’s broadband internet company, Starlink is partnering with Google to deliver data, cloud services, and applications to customers at the network edge by leveraging Starlink’s ability to provide high-speed broadband internet around the world and Google Cloud’s infrastructure. In a statement, the companies revealed that SpaceX will begin to “locate Starlink ground stations within Google data centre properties, enabling the secure, low-latency, and reliable delivery of data from more than 1,500 Starlink satellites launched to orbit to date to locations at the network edge via Google Cloud”. Google Cloud’s high-capacity private network will support the delivery of Starlink’s global satellite internet service, bringing businesses and consumers seamless connectivity to the cloud and Interne...

Politics

11 Digital Trends Transforming the Insurance Industry

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The COVID-19 pandemic has ushered in ample opportunities by accelerating the digital transition of tasks that were once considered mundane. In recognition of the importance of this, almost all players in the insurance sector are digitising – some more seamlessly than others. Here are eleven of the digital trends we have seen and expect to continue seeing: Self-service claims processThe biggest digital transaction in this space is people tracking the progress of their claim. They want to be able to do so on a self-service basis. Clients are seeking smooth administration processes. Quoting new business onlineBeing able to quote for new business online has become the norm. There’s tremendous pressure to keep pace with customer expectations or lose prospective clients. Farewell to legacy syste...

Politics

TikTok Introduces Green Screen Duet Feature

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Sourced from Cosmico /* custom css */ .tdi_3_bbd.td-a-rec-img{ text-align: left; }.tdi_3_bbd.td-a-rec-img img{ margin: 0 auto 0 0; } TikTok has introduced a feature – the Green Screen Duet – that allows creators to use another video from TikTok as the background of their new video. “With Green Screen Duet, users will be able to use another video from TikTok as the background in a new video. As with all Duets, the creator of the Duetted video is credited in the new video’s caption with a link that directs to the original,” reads a blog post from the social platform. To use the feature, users Duet the video they’d like to use as their Green Screen background and select Green Screen from the Duet layout options. The Duetted video will play in the background of the new video as they record. Ne...

Politics

Ethiopia Turns Down $500 Million as part of Telco License Deal

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The Ethiopian Telecommunication Authority (ECA) has turned down roughly $500 million after the government decided to exclude mobile money from the terms of two new telecommunications licences. “This decision has cost us a high price,” says Abiy Ahmed, Prime Minister of Ethiopia. “When it was decided to open up the telecoms market about two years ago, one of the key areas of contention was the issue of mobile money. This decision is expected to give the country time to develop its own mobile-money platform. Bloomberg Intelligence analyst, John Davies says “Though Ethiopian mobile penetration lags behind peers, investment and lowered prices should lead to strong growth in take-up of mobile services. The value to international investors depends on agreements with the government and how i...

Politics

4 Trends Shaping Digital Payments in 2021

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/* custom css */ .tdi_3_d65.td-a-rec-img{ text-align: left; }.tdi_3_d65.td-a-rec-img img{ margin: 0 auto 0 0; } As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping. As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced eCommerce and explored the potential of new ways to pay. More than a year later, research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow. Looking to the future, digital currencies, mobile wallets, wearables, biometrics, contactless and QR codes are trending as emerging payments technologies as people’s c...