In the News

All the latest payment solutions news stories from Finteq.

Finteq Launch Workflow Solutions in Uganda

Finteq proudly launched their Workflow Solutions product, Finteq Workflow Solutions (FWS) to an enthusiastic group of banking executives in Uganda early in September. Finteq’s Commercial Director – Rob Muller – whose main focus is on business development & growth in new markets, proudly presented the company’s offering at the Serena Hotel in Kampala. The presentation […]

Clearing House Gateway and Capture Service for Cross Border Credit Payments

INTRODUCTION The SADC Banking Association has established a service that will facilitate the clearing and settlement of cross-border credit payments between Member Banks within the SADC Community. This initiative spans 15 countries and approximately 200 Banks. Basically, the process allows ‘Originating Banks’ to establish cross-border payments in a single settlement currency (SA Rand), in a […]

Venture to fast-track e-transactions in banks

Paynet Kenya has partnered with Finteq of South Africa to offer a full spectrum solution that will allow Kenyan banks to electronically process, clear cheques and other electronic funds transfer (EFT) data. “This electronic process will help streamline the cheque acceptance process, reduce paperwork, and expedite closing, balancing and settlement. This process presents the opportunity […]

Electronic cheque deal

Paynet Kenya has partnered with Finteq of South Africa to help banks to electronically process cheques and perform other Electronic Funds Transfer(EFT) data exchanges. “This will streamline cheque acceptance process, reduce paperwork, and expedite closing, balancing and settlement. It offers substantial cost savings and superior customer service,” said Rob Muller, Commercial Director of Finteq South […]

Electronic system to reduce cheque clearance period

Cheque clearance will now take a shorter time than the usual four working days. Following the introduction of electronic cheque clearance system by Paynet Kenya and South Africa’s Finteq, banks can now electronically process and clear cheques, and other EFT (Electronic Funds Transfer) data between their institutions and the clearing house at Central Bank. Once […]