23 news stories.
• Should OCBC Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should OCBC Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
Staff at the Singapore University of Social Science (SUSS) are to trial a virtual commercial payment card that will enable them to make corporate purchases including software licences, subscriptions and travel passes without needing to use their personal credit or debit cards and then claim reimbursement... More
Customers of OCBC Bank in Singapore can now make account balance enquiries at eight of the bank’s ATMs by verifying their identity using facial recognition technology... More
Google Pay users in Singapore can now divide bill payments between groups of family and friends, book cinema tickets and receive rewards via virtual scratchcards... More
OCBC Bank is first in Singapore to enable cash withdrawals at ATMs using QR codes — OCBC — “OCBC Bank customers can withdraw cash by just scanning a QR code using the OCBC Pay Anyone app, then authenticating the transaction via fingerprint, faceprint or mobile banking login credentials… Using a QR code instead of keying in a PIN is more secure because biometric authentication can be chosen, a more robust security feature than a PIN that can be revealed or stolen. Further, a physical ATM card can be skimmed while a mobile device cannot.”
Customers of Singapore’s OCBC Bank can now make purchases via their mobile devices minutes rather than days after applying for a digital bank card... More
Jetco Pay adds new merchant payment service supported by eight banks — Jetco — “Jetco today announced the launch of Jetco Pay Merchant Payment service jointly with eight banks, including Bank of Communications (Hong Kong), Bank of East Asia, Chong Hing Bank, Dah Sing Bank, ICBC (Asia), OCBC Wing Hang Bank, Shanghai Commercial Bank and Wing Lung Bank. The service allows consumers to make in-store QR code payment easily, while in-app or online payments can be completed quickly and securely by inputting only their mobile phone number. The fact that the service is linked to the bank account also means that consumers do not have to worry about topping up.”
OCBC Bank, HSBC, MUFG, IMDA complete proof-of-concept KYC blockchain — Digital News Asia — “The KYC [Know Your Customer] blockchain – running on a Distributed Ledger Technology (DLT) platform which enables structured information to be recorded, accessed and shared across a distributed network using advanced cryptography – allows banks to collect, validate and share customer information – with the customer’s consent – accurately, efficiently and in a secured manner.”
Fitness wearable maker Fitbit has launched Ionic, a smartwatch that will combine health and fitness functions with the ability to make contactless Visa, Mastercard and American Express payments as well as payments using the wearer’s Starbucks Card account... More
OCBC Bank launches mobile keyboard to enable cashless payments directly from any mobile app — OCBC — “The OCBC Keyboard can be used within any mobile app or browser – for instance, within Facebook, Whatsapp, Instagram or Chrome – to send money instantly to anyone with a bank account in Singapore… Payments are completely secure as they are authenticated with the sender’s mobile banking credentials.”
Hong Kong ATM network Jetco has partnered with seven banks in Macau to offer Jetco Pay P2P, the mobile phone number-based transfer service that launched with 12 banks in January 2016... More
Singapore’s OCBC Bank says it has become the first bank in South East Asia to use blockchain technology in national and international payments... More
PayPal has enabled money transfers via Apple’s Siri voice command function, enabling users with iOS10 devices to make payments by speaking requests... More
Google has begun rolling out Android Pay across Singapore, marking the mobile payment service’s debut in Asia. It will work with MasterCard and Visa cards from DBS Bank, OCBC Bank, POSB Bank, Standard Chartered Bank and UOB. More
Samsung Pay has gone live in Singapore, enabling customers of Citibank Singapore, DBS Bank Singapore, POSB Bank Singapore, OCBC Bank and Standard Chartered to make mobile payments with their compatible smartphone wherever MasterCard or Visa is accepted... More
Samsung Pay is to begin rolling out across Singapore on June 16, making it the first country in Southeast Asia to get the mobile payment service. It will launch with support from American Express, MasterCard and Visa and major banks. More
Consumers in Singapore can now add their MasterCard and Visa cards to Apple Pay, after the mobile payment service launched there in April 2016 with support from American Express alone... More
Samsung Pay will launch in Singapore in the second quarter of this year, the company has announced, adding it to South Korea, the US and China on the list of Samsung’s “priority markets”... More