What's New in Payments

OCBC lets customers use mobile phones to withdraw cash from ATMs

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.”


What's New in Payments

OCBC Bank launches cashless QR code payments with its first standalone mobile payments app

OCBC Bank launches cashless QR code payments with its first standalone mobile payments app — OCBC Bank — “The new standalone OCBC Pay Anyone app brings together all OCBC Pay Anyone services and enhancements – peer-to peer e-payments, QR code payments and access to OCBC Pay Anyone integrated with Apple iPhone’s Siri and iMessage – into a fast and easy onestop access to e-payments.”