What is Maybank QRPay? Maybank QRPay (QRPay) is a cashless payment solution that enables Seller to receive payments from Maybank2u customers (Buyer) using a unique two-dimensional quick-response (QR) code generated by the Seller. Seller is required to download Maybank QRPay Mobile Application to use this service. How to use Maybank QRPay? Download and launch the

What is SOAP SOAP (Simple Object Access Protocol) is a message protocol that approves allotted factors of an application to communicate. SOAP can be carried over a range of lower-level protocols, which includes the web-related Hypertext Transfer Protocol (HTTP).  SOAP defines a header shape that identifies the actions that a

What is Virtual account Virtual accounts are brief accounts that are used to transact on behalf of a actual bodily account. Think of the virtual bills as doors into a room, the door can’t store cash however it will direct the money into the right room (account). Since each virtual

Customer Due Diligence Any monetary institution or regulated commercial enterprise has to undergo the KYC manner for purchaser on boarding. This is part of the world efforts to comply with Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) laws, as well as to guard the commercial enterprise from fraud and bad actors. During the

Spoofing and Phishing People acquire unsolicited calls and emails every day. Most of these are ignored due to the fact they’re viewed as spam, e.g., a telemarketer making an attempt to promote them a vacation timeshare. But on occasion, awful actors will use these attempts as a structure of phishing.

The start of credit card While closed loop charge cards started with retail, oil and tour businesses in the early 1900s, it wasn’t until the Nineteen Fifties when what we comprehend as the current day savings card used to be born.   It all started out in 1949, when Frank

Betting on esports is a BIG element right now. This (relatively) new kind of betting acquired off to a gradual start, but it has received a lot of traction over the closing couple of years. The increase has been so explosive that it’s been estimated that the world esports making

What is Representment transaction? Representment involves submitting evidence to prove that a transaction was properly completed, and the cardholder’s claims are untrue. In broad terms, a representment is an opportunity to defend a valid transaction and recover any revenue that lost due to an illegitimate chargeback (a phenomenon called friendly

What is Retrieval? A retrieval can be requested by the cardholder’s bank for up to 18 months from the sale date, therefore it is crucial that you keep your receipts for this time frame. When a copy of the transaction receipt is requested, you will receive a Retrieval Request notice.

What Are Nonbank Financial Companies? Nonbank financial companies (NBFCs), also known as nonbank financial institutions (NBFIs) are financial institutions that offer various banking services but do not have a banking license. Generally, these institutions are not allowed to take traditional demand deposits—readily available funds, such as those in checking or savings accounts—from the