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Singapore Reports S$1.2 Million in Losses from Phishing Scams Targeting Mobile Wallets

Fintech News

Singapore authorities and banks are ramping up efforts to tackle a growing scam where fraudsters steal card details through phishing and trick victims into providing an OTP. This allows scammers to fraudulently provision stolen card credentials onto their mobile wallets for unauthorised contactless transactions.

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Understanding the Nature of Payment Gateway Integration For Your Mobile App

Stax

In recent years, businesses have seen this massive shift from desktop to mobile devices which has forced them to develop apps with built-in integrated payment gateways. But when it comes to payments, mobile apps have to contend with a few unique challenges. Why Would Companies or Developers Want a Mobile App Payment Gateway?

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

This shift is especially visible in the adoption of network tokenisationa model introduced by major card networks like Visa and Mastercard, where card details are replaced with dynamic, network-managed tokens. In short, payment credentials are being redefined, with tokens moving to the forefront of secure, seamless transactions.

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Payment Processing USA: 2024 Market Overview

Clearly Payments

This market includes a range of services and technologies that facilitate the acceptance, authorization, and settlement of payments across various channels, including online, in-store, and mobile. They require secure systems like point-of-sale (POS) terminals , online checkout gateways, or mobile payment solutions to process payments.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

We examine both quantitative gains— such as higher customer satisfaction scores, rising self-service usage and digital adoption rates—and qualitative developments, including more personalized services, smarter virtual assistants and greater accessibility in digital banking. IDC estimates the banking industry will invest about $31.3

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How To Integrate a Payment Gateway into Sage Software

EBizCharge

Your provider may ask you to download a package and run an installer or set up online credentials, so following their instructions is essential. Common options include credit and debit cards (Visa, Mastercard, American Express, etc.) and ACH/eChecks for direct bank transfers. Digital wallets (Apple Pay, PayPal, etc.)

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Mastercard And Visa Tag-Team Tokens

PYMNTS

In a mutual commitment to accelerating the adoption of an open digital wallet, global card networks Mastercard and Visa announce their agreement to allow each network to request tokenized credentials from the other when consumers are transacting across any digital medium — in app, online and in store.

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