Streaming issues? Report here
Refilwe Moloto 2019 1500 BW
Breakfast with Refilwe Moloto
06:00 - 09:00
volume_up
volume_mute

Up Next: Today with Kieno Kammies
See full line-up
Breakfast with Refilwe Moloto
06:00 - 09:00
Home
arrow_forward
Local
arrow_forward
Business

'We're ready and able to deal with increased online payments on Black Friday'

27 November 2019 1:09 PM
Tags:
Black Friday
Black Friday deals South Africa
PayFast
PayFast MD Jonathan Smit says the spread of technologies available should help mitigate risk of compromising payment systems.

Less than 48 hours to go till you can hit that special Black Friday deal you've been eyeing online, starting from midnight on Thursday.

RELATED: 5 things to keep in mind before blowing your money on Black Friday

Year after year there are reports of websites crashing or delays in the online verification process due to the sheer volume of people trying to transact.

However, the managing director of online payment gateway PayFast says consumers should not be too concerned as the current spread of available payment technologies should help mitigate the problem.

Jonathan Smit says they've already seen a massive increase in volumes this week, which is set to continue into next week.

The larger retailers have actually started some of their deals this week already because it was pay day on Monday.

Jonathan Smit, Managing director - PayFast

We're expecting to see big volumes this whole week - Friday, Saturday, Monday and Tuesday next week, but obviously the biggest one that is very much on everyone's mind is Black Friday itself.

Jonathan Smit, Managing director - PayFast

Smit says the security of online transactions is not affected by increased volume, it's more a question of sheer capacity.

What it boils down to is having enough processing power in your systems, having the necessary resources,

Jonathan Smit, Managing director - PayFast

He notes that problems in the past were often connected to banks and the sms authentification system, but now some do offer a range of options like in-app authentification.

One would hope that with that spread of technologies one won't see that concentration risk as much over this period but even if you do, there should be another way to pay, the most prevalent being the instant EFT payment mechanism.

Jonathan Smit, Managing director - PayFast

Listen to the conversation with Smit in the audio below:

Subscribe to our Business Wrap Newsletter


27 November 2019 1:09 PM
Tags:
Black Friday
Black Friday deals South Africa
PayFast

More from Local

audi-joburg-speedster-screenshotjpg

Joburg speedster who clocked over 300km/h has lawyered up following arrest

27 January 2020 5:37 PM

The suspect is facing charges of reckless and negligent driving as well as related charges in terms of the National Road Act.

Share this:
Read More arrow_forward

zuma-gupta-how-to-steal-a-country-documentary-

[WATCH] Doccie film 'How to Steal a Country' lays bare SA's state capture story

27 January 2020 1:07 PM

It's the story of the Gupta family’s spectacular rise from flea market shoe salesmen to running their shady empire in South Africa.

Share this:
Read More arrow_forward

malemajpg

"You can voetsek" - Malema tells Sowetan over piece on 'inadequate EFF apology'

27 January 2020 11:49 AM

No stranger to controversy, Julius Malema hurled the insult at the publication following the EFF's court blow last week.

Share this:
Read More arrow_forward

Bongisizwe Mpondo

Prasa is broken. It won't be an overnight fix, says new administrator

27 January 2020 11:01 AM

Newly appointed administrator Bongisizwe Mpondo shares how he plans to resolve what he calls "self-inflicted challenges" at Prasa.

Share this:
Read More arrow_forward

190607 EMS Generic 013

Three attacks on EMS crews in past week, after 'significant' decrease in 2019

26 January 2020 2:05 PM

Dr Shaheem de Vries says there's still reason to feel encouraged, especially with support EMS staff get in own communities.

Share this:
Read More arrow_forward

train-fire-century-citypng

[VIDEO] Six coaches destroyed in latest Cape Town train fire - Metrorail

26 January 2020 9:42 AM

A train caught fire near Century City on Saturday evening. Metrorail says the few passengers on board were unhurt.

Share this:
Read More arrow_forward

190923-fochville-crash-edjpg

'10% reduction' in festive season road fatalities not the full picture - JPSA

25 January 2020 1:48 PM

JPSA's Howard Dembovsky explains difference between preliminary and finalised figures, calls Aarto demerit system 'ambitious'.

Share this:
Read More arrow_forward

37bf0912-feaf-45c6-a91d-7d6f973ae058.jpg

Coronavirus: 'SA has all necessary systems in place to identify, isolate cases'

25 January 2020 10:12 AM

The global number of infections from the 'China virus' now tops 1,300. The NICD's Cheryl Cohen details measures to protect SA.

Share this:
Read More arrow_forward

refugeesgif

Refugee mediation 'has born no fruit' as City of Cape Town due back in court

24 January 2020 4:39 PM

The court case between the City of Cape Town and the refugees living in the Central Methodist Church heads back to court next week.

Share this:
Read More arrow_forward

200124film2jpg

Strandfontein ratepayers slam City of CT for bending the rules for film crews

24 January 2020 2:35 PM

A film crew has occupied a section of Strandfontein Beach. Residents claim that bylaws don't seem to apply when movies are filmed.

Share this:
Read More arrow_forward

More from Business

download-6jpg

SuzelleDIY on how to DIY money matters

27 January 2020 8:39 PM

She loves ''braaing, dinner parties and DIY...and to go out for a koffie with my best friend Marianne''.

Share this:
Read More arrow_forward

coat-and-hatjfif

Bruce is back from Davos and shares some final thoughts

27 January 2020 8:16 PM

"It was depressing to see how South Africa has fallen in global estimations". Bruce Whitfield wraps up his visit to WEF 2020.

Share this:
Read More arrow_forward

Hot-Stocks.jpg

Pick of the week: Stor-Age, Sabvest and Altron

27 January 2020 7:37 PM

We look at Property group Stor-Age, investment holding company Sabvest and infotech enterprise Altron

Share this:
Read More arrow_forward

181115land-committeegif

Major change proposed for land expropriation will sideline courts

27 January 2020 7:25 PM

A new amendment will cut out South African courts as the ‘decider’ on whether or not the state will pay for land it expropriates.

Share this:
Read More arrow_forward

20200126coronavirusjpg

The Coronavirus rattles stock markets - who is getting hit?

27 January 2020 6:42 PM

US stocks slide and oil tumbles in the wake of a coronavirus outbreak in China, causing fears of a slowdown in the Chinese economy.

Share this:
Read More arrow_forward

dagga-weed-marijuana-joint-smoke-smoking-123rf

California took in R9.2 billion in dagga taxes in 2019

27 January 2020 2:30 PM

The law compels the US state to use all tax revenue derived from dagga sales for public health and safety, and the environment.

Share this:
Read More arrow_forward

Bongisizwe Mpondo

Prasa is broken. It won't be an overnight fix, says new administrator

27 January 2020 11:01 AM

Newly appointed administrator Bongisizwe Mpondo shares how he plans to resolve what he calls "self-inflicted challenges" at Prasa.

Share this:
Read More arrow_forward

girlchild-daughter-parents-shout-argue-fight-family-trauma-domestic-dispute123rf

Divorce: tips and tricks to get your fair share

27 January 2020 10:25 AM

Tips (never get married in community of property) and tricks (Want nothing? Put in R1 per year for spousal support anyway.).

Share this:
Read More arrow_forward

Donald Trump Greta Thunberg World Economic Forum Davos

The 50th annual World Economic Forum is about to end. It’s been a weird one

24 January 2020 1:18 PM

SA missing in action. Trump vs Thunberg. Stakeholder capitalism. A wrap of our coverage of this year’s World Economic Forum.

Share this:
Read More arrow_forward

bruce-whitfield-and-richard-questpng

Your entire economy was hijacked! How many are in prison? – Richard Quest, CNN

24 January 2020 10:47 AM

The Money Show’s Bruce Whitfield conducts a shocking interview with CNN’s Richard Quest at the World Economic Forum in Davos.

Share this:
Read More arrow_forward