Fujitsu selected for blockchain inter-bank settlement system field trial

2 November 2018

Money Transfer

Mastercard and Bank Zero are jointly developing a new generation of card to deliver security and other unique features.

Mastercard Southern Africa division president Mark Elliott said: “By supporting Bank Zero’s unique value proposition we address modern day payment realities, while providing the latest EMV technology and delivering multi-layered security protocols to protect users against fraud and identity theft.”

IBM provides Bank Zero with breakthrough enterprise-grade security on the open-source based LinuxONE enterprise server through its encryption technology.

Bank Zero uses the cloud for certain functions, creating a hybrid model.

Bank Zero build-out will continue, and after implementing additional payment rails such as card transacting, Beta testing will commence in the first quarter of 2019.

Public operations are expected to begin in mid-2019.

Source: Compello