article thumbnail

What the MAS Annual Report Reveals About the Future of Fintech in Singapore

Fintech News

Then, the Singpass Face Verification (SFV) for digital token setup was initiated to prevent scammers from hijacking a customer’s digital token using stolen credentials, ensuring only the rightful owner can activate it with a face scan.

FinTech 71
article thumbnail

How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

They check for fraud and fund availability (Verification) before depositing the money into your account (Completion). Digital wallets, peer-to-peer (P2P) payments, and debit card payments are great for quick, everyday customer transactions. Understanding the difference helps you pick the best payment strategy.

ACH 88
article thumbnail

The Top Payment Methods For Small Businesses

Stax

Start by aligning your payment strategy with what your customers want. Stax can help you do just that by enabling you to support the right payment methods. Ready to future-proof your business? Get in touch to learn more. Talk to sales

article thumbnail

Inside Payments with Temenos: Mick Fennell on Change, Compliance and Cloud

The Fintech Times

From AI-driven compliance to the realities of scaling in the cloud, Temenos shares insights into whats influencing payments strategy in 2025, and where banks are still hitting resistance. Regulation in payments Fennell describes regulation as both a constraint and a catalyst. Its never just one thing driving what we do, he said.

article thumbnail

Fourth annual the future of competitive advantage in banking & payments 2024 global report

The Payments Association

Across 12 insights, get instant visibility on how your strategy and pain points compare with your peers in banking and payments. How do you measure up to meeting customer expectations and modernising your digital payments strategy? Read more here

article thumbnail

Finovate Global Australia: Payments Partnerships, Verification Pilots, and Debating the Fate of BNPL

Finovate

“It shows not only how banks can bring flexible payment strategies to customers in record time with payments orchestration, but also it establishes a new paradigm whereby banks can become more competitive and deliver more value by working with fintech players.”

BNPL 64
article thumbnail

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

The API supports setup, verification and initiation of direct debit, with the bank’s head of global liquidity and cash management Yvonne Yiu pointing to the cash management benefits such a tool could bring to businesses.