General Interbank Recurring Order (GIRO) is a method of transferring money by instructing a bank to directly transfer funds from one bank account to another without the use of physical checks. In a bank giro transfer, the one sending the funds (paying party) sends a request to the entity to

What is MAE (Maybank E-Wallet) Maybank has just launched its e-wallet service under the name of MAE. MAE is  stands for “Maybank Anytime, Everywhere”. MAE is an e-Wallet, that allow customer to open Maybank eWallet account instantly under the Interoperable Credit Transfer Framework (ICTF) issued by Bank Negara Malaysia in

Samsung Pay: Supported banks in Malaysia Samsung Pay was launched in Malaysia, helping the nation take another step towards a cashless society and furthering mobile payment adoption. But it is integrated into selected Samsung Galaxy models and ultimately up to the banks and card providers in a particular country to

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

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

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