fnbs Archives • CardFlash® - Payment Card Industry News

Fiserv Announces Latest Popmoney Client

5, Country, Priority, UNITED STATESBy Robert McKinley 12/18/2013

First National Bank of Pennsylvania recently announced that it is one of the first banks in the country, and the first bank in Pennsylvania, to introduce Popmoney Instant Payments, a new feature within the Popmoney personal payment service that allows FNB online banking customers with an FNB debit card to transfer money in real time to other people. Popmoney, a Fiserv product which FNB has offered since 2012, allows FNB customers to quickly and easily request money or send payments using the recipient’s email address, mobile phone number or bank account information. Customers will now have the convenience of sending money immediately, without the need for cash or the traditional delays associated with other forms of money movement, such as check or ACH and without the hassle and expense of a wire transfer.

PAYPAL

5, Country, Priority, SOUTH AFRICABy Robert McKinley 03/26/2010

First National Bank has announced that customers in South Africa can now sell to PayPal’s global customer base of more than 81 million active accounts in 190 markets around the world and move the proceeds to their FNB accounts. This new service allows customers to top up and withdraw funds to their qualifying FNB accounts from their PayPal accounts. FNB Customers can simply open a PayPal account and link it to a qualified FNB account and receive PayPal payments in 21 different currencies. FNB will convert the currency to South African Rand when the money is transferred into their accounts. The PayPal service will be offered in partnership with FNB and has received approval from the Exchange Control Department of the South African Reserve Bank. First National Bank (FNB) is a division of FirstRand Bank Limited. FirstRand Bank Limited is listed on the South African Stock Exchange (FSR). In line with South African legislation, FNB is an Authorised Financial Services and Credit Provider (NCRCP20)with over 6.6 million customers and 30 000 employees across South Africa and Africa.

FNB and PayPal Bring Global E-Commerce to South Africa

5, Country, Priority, UNITED STATESBy Robert McKinley 03/26/2010

First National Bank (FNB) and PayPal have partnered to allow customers in South Africa to sell to PayPalâs global customer base of more than 81 million active accounts in 190 markets around the world and move the proceeds to their FNB accounts. This new service allows customers to top up and withdraw funds to their qualifying FNB accounts from their PayPal accounts. FNB Customers can simply open a PayPal account and link it to a qualified FNB account and receive PayPal payments in 21 different currencies. FNB will convert the currency to South African Rand when the money is transferred into their accounts. FNB has over 6.6 million customers and 30 000 employees across South Africa and Africa. Paypal has 81 million active accounts in 190 markets and 24 currencies around the world.

Prism Holdings to Distribute VeriFone’s Vx 610

5, Country, Priority, SOUTH AFRICABy Robert McKinley 07/12/2006

Prism Holdings, VeriFone’s international partner in South Africa, is powering EMV-enabled systems for FNB’s large retailer customer base. The EMV-enabled systems, based on VeriFone’s portable “Wi-Fi Vx 610” and “Prism’s “FlexiLANE” multi-lane payment aggregation solution, will be available to FNB to license and market to major retailers, petroleum retailers, restaurateurs and hotels. The VeriFone and “FlexiLANE” solution enables multi-lane merchants to differentiate their service offering by bringing point-of-payment to the consumer. It provides integration into point-of-sale systems through the use of VeriFone’s “SC 5000 PINpad.”

FNB Deploys 500 Off-Premise Diebold ATMs

5, Country, Priority, SOUTH AFRICABy Robert McKinley 06/21/2006

South Africa’s First National Bank will utilize the Diebold’s
off-premises ATMs as part of its strategy to expand its reach across South Africa. The purchase of Diebold’s “Opteva” ATMs will enable FNB to offer self-service banking in areas where it has lacked presence, primarily due to the high costs involved in operating stand-alone banking outlets. Maintenance services will be delivered to FNB through Diebold’s partnership with local supplier “Banking Machine Services.”
First National Bank trades as a division of FirstRand Bank
Limited.

First National Bank of South Africa Gets Iced

5, Country, Priority, SOUTH AFRICABy Robert McKinley 08/20/2003

FirstRand’s First National Bank of South Africa has picked Hypercom to provide advanced networking technology and up to 5,000 EMV-certified ICE card payment terminals. Hypercom and Grintek Telecom teamed to get the contract. Grintek Telecom is one of South Africa’s leading empowerment ICT and telecommunications solutions and integration companies.

Acct Closing Fees

5, Country, Priority, UNITED STATESBy Robert McKinley 08/13/1999

While Advanta and First Union experienced a negative reaction from cardholders over its account closing fees, such fees are not dead. According to the latest pricing survey by CardTrak ([www.cardtrak.com][1]) First National Bank of Brookings, SD, a secured card specialist, is not only charging a $25 account closing fee it has also instituted a $25 account handling fee. FNB’s account closing fee is assessed whether or not the account is closed by the issuer or the cardholder. The account handing fee is imposed whenever the cardholder is in default and FNB has to place restrictions on the account.

[1]: http://www.cardtrak.com/

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Tag Archives: fnbs

Fiserv Announces Latest Popmoney Client

PAYPAL

FNB and PayPal Bring Global E-Commerce to South Africa

Prism Holdings to Distribute VeriFone’s Vx 610

FNB Deploys 500 Off-Premise Diebold ATMs

First National Bank of South Africa Gets Iced

Acct Closing Fees