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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

PSPs offer joint merchant accounts and flat-rate processing fees that make them ideal solutions for small businesses that only process payments occasionally. Account freezes are in fact, one of the main drawbacks of PSPs, as well as processing costs that can become too high if you process high transaction volumes.

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Singapore Considers Caning for Scammers in Severe Cases as Fraud Rises

Fintech News

The Singapore Police Force (SPF) is expanding data-sharing with banks to improve fraud detection, focusing on identifying and freezing accounts linked to mule activities.

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