What's New in Payments

Chinese fraudsters turn to QR codes to spread Trojans and viruses

QR code scams rise in China, putting e-payment security in spotlight — South China Morning Post — “By replacing legitimate merchants’ codes with malevolent copies, fraudsters can gain access to consumers’ data and even raid their bank accounts… According to one senior official and technology expert, almost a quarter of Trojans — malicious programs disguised as benign software – and other viruses are transmitted though QR codes.”



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.”



What's New in Payments

Mastercard launches AI across global network

Mastercard has introduced an artificial intelligence solution to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines, while marking the first time AI has been implemented on a global scale directly on the Mastercard network... More