Irrational behaviour
“You’re being irrational.” No one likes to hear those words. They are the verbal equivalent of a pat on the head. But, like it or not, we are fundamentally irrational beings. And the area in which we should be the most clear-headed, our personal finances, is usually
It’s Absa vs 22seven as war of words erupts
Online personal financial management start-up 22seven on Wednesday accused Absa of blocking its US technology partner Yodlee from accessing users’ Internet bank accounts. Absa confirms it has blocked the service and on Wednesday defended its decision in an interview with TechCentral. 22seven has provoked
Banks train their guns on start-up 22seven
Financial management website 22seven has been live for just a day and already it’s facing its first serious challenge. Some of SA’s big banks have begun warning their customers not to provide their banking login details to the service, which aggregates users’ financial information to give them a graphics-rich picture of their income and spending
Absa NFC trial: all the details
Absa on Tuesday said it is trialling near-field communications (NFC) payments with 500 of its employees. The trial will be fully underway by the end of January, and the bank intends rolling out the service to consumers shortly thereafter. Some of the initial partners for the programme
Absa in giant ATM overhaul
Absa Bank has begun overhauling its extensive automated teller machine (ATM) network — there more than 6 000 of them in the field — adding a new user interface and new self-service features such as the ability to pay certain bills that have special barcodes. It has awarded a giant contract
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