|By PR Newswire||
|January 14, 2014 04:01 AM EST||
LONDON and JOHANNESBURG, South Africa, January 14, 2014 /PRNewswire/ --
BankservAfrica, Africa's largest automated clearing house and ebpSource, a leading global electronic bill presentment and payment solution provider are rolling out South Africa's first bank-based electronic billing and payment service. The new service is being introduced to consumers through connected online banks.
BankservAfrica manages the electronic bill presentment and payment (EBPP) service on behalf of the South African commercial banks, with support and domain expertise from ebpSource. Nedbank Ltd and a number of large billers are already live on the service.
By consolidating a range of consumer bills in one place, the BankservAfrica offering enables banks to provide their retail customers with a revolutionary way to manage, view and pay their bills from the security and convenience of their trusted online bank, as well as other connected channels. Instead of having to handle dozens of bills arriving separately each month, the eBilling portal enables consumers to view, query and pay everything at one time, from one place, with a single log-in.
Martin Grunewald, CEO of BankservAfrica's business process outsourcing unit, says "With a focus on massively improved bill delivery and payment efficiency BankservAfrica's eBilling service also offers compelling benefits to South Africa's billing companies: from Government and telecoms, to financial services, utilities and retail, plus a range of other business sectors signing up to deliver their bills through the service.
"Consolidated billing and payment improves customer service and removes the need to print and deliver paper bills. It also enables billers to take advantage of the banks' ability to provide a secure end-to-end process for bill viewing to payment, clearing and settlement and even online document storage".
Two of the largest municipalities in South Africa have already connected to the service, for the delivery of local taxes and charges, with the imminent launch of a range of retail billers via Nedbank. Initially BankservAfrica is making the service available to consumers via the participating banks, with plans to address the needs of corporates and business users at a later stage.
Mr Grunewald: "This new service is a logical extension to our role as the country's central payment processor. In developing South Africa's first bank-based consolidated billing and payment platform, we are providing a strategic and valuable service to our banks, a vast network of biller organisations, and to the local community as a whole. The technology provided by ebpSource and the team's knowledge-base give us the core infrastructure to quickly integrate new billers and banks. As the service grows it will mean less paper, less printing, more efficient payments, less manual processing, better service and all-round more convenience for customers, banks and billers alike."
Adriaan du Plessis, Executive Head of Transactional Banking at Nedbank indicated that: "Despite this service being in the introductory phase, Nedbank as first-mover, has received positive feedback from the market." He added: "This service offers fully reconciled payments via the security of the bank's channels, adding value to any business wishing to expand on the payment mechanisms that it offers its customers and wanting to improve on its operational efficiencies."
Steve Wright, EVP of Commercial Operations at ebpSource, adds: "BankservAfrica's eBilling and payment service is the most advanced initiative of its kind in Africa at present and the team is extremely proud to be a part of such a ground-breaking new offering. Being heavily involved in such positive change projects at a countrywide level is something ebpSource specialises in. We very much look forward to South Africa seeing the same levels of adoption, success and worldwide recognition as other similar national payment-led initiatives of this kind."
About BankservAfrica (http://www.bankservafrica.com)
Located in Johannesburg and founded over forty years ago, BankservAfrica is wholly owned by South Africa's leading commercial banks. As the country's main automated clearing house operating both nationally and across Africa, the organisation processes billions of transactions annually, valued at trillions of South African rands. Clients include banks, corporates, government and the retail sector.
About ebpSource (http://www.ebpsource.com)
The most experienced team in the international electronic billing and payment industry, ebpSource delivers software solutions, consultancy and support to global billers, banks and payment processors. The team has unparalleled knowledge in the establishment of highly successful multi-channel e-billing and payment infrastructures, working closely with central banks, national payment processors, tier-1 financial services and telecommunications billers. A true strategic partner, ebpSource designs, deploys, develops, integrates and supports some of the largest and highest-adoption services of this kind globally.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Dec. 11, 2016 12:00 AM EST Reads: 1,111
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 11, 2016 12:00 AM EST Reads: 2,393
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Dec. 11, 2016 12:00 AM EST Reads: 909
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 10, 2016 11:45 PM EST Reads: 1,796
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 11:15 PM EST Reads: 1,219
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 10, 2016 10:15 PM EST Reads: 2,073
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 09:15 PM EST Reads: 1,355
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 10, 2016 07:30 PM EST Reads: 1,822
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 10, 2016 07:00 PM EST Reads: 4,159
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 10, 2016 06:30 PM EST Reads: 1,973
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 10, 2016 06:30 PM EST Reads: 1,551
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 10, 2016 06:30 PM EST Reads: 1,036
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 10, 2016 06:15 PM EST Reads: 1,099
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 05:30 PM EST Reads: 1,012
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 10, 2016 05:15 PM EST Reads: 1,428