The Big Read: With no foolproof way to prevent banking and e-payment services outages, what can businesses and consumers do? | #lovescams | #datingapps

Mr Koven added that having multiple platforms provide customers more “flexibility, control and an improved payment experience”. “Businesses benefit from increased brand trust, a competitive edge, and broader consumer reach,” he said. Enterprise Singapore announced in July that nine in 10 heartland enterprises have adopted at least one e-payment solution,…

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The Big Read in short: Coping with the inevitability of banking, e-payment services disruptions | #datingscams | #lovescams | #facebookscams

The outage follows two DBS online banking and payment services disruptions earlier this year, after which the Monetary Authority of Singapore (MAS) imposed an additional capital requirement on DBS.   The prevalence of such service disruptions has inevitably raised questions on how reliable and safe the e-payment landscape in Singapore is,…

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Financial institutions, then telcos in Singapore accountable to scam victims if found negligent under planned framework | #datingscams | #lovescams | #facebookscams

SINGAPORE: Mobile phone networks that don’t enforce security protocols will have to reimburse victims of certain phishing scams – a ruling that already applies to financial institutions. The move will likely make Singapore the first jurisdiction to include telecommunication operators or other infrastructure service providers in a fraud reimbursement framework….

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