Profile

Location

Singapore

Member since

2016

Edward Leong

Buisness development at DistruptiveHut

Posts: 0 Comments: 5

Career History EMV Payment Technical Consultant.

Edward is Commenting on

Visa slams European plans for stronger online transaction authentication rules

Perhaps is good time to migrate to use digital secure remote payment and EMV 3DS2.0 for online transaction.

23 Nov 2016 Reply Read article

Virtual cash management will be the 2017 buzzword

Cool ! Virtual bank accout shall abe to provide faster processing and better UX to end user, and make banking more flexible and dynamic which eventually encourage more actitivity in banking industry.

07 Oct 2016 Reply Read article

New ATM skimmers steal fingerprints

The medical devices and data could be used for the biometric skimmer. I believe is time to secure the medical device 's data and processes.

03 Oct 2016 Reply Read article

Digital finance could create 95 million new jobs in emerging economies - McKinsey

The HCE based digital wallet opened the way for in-store and in-app payment, if the technology populated correctly it could even able to converge the internet and physical payment by using single on-device digital wallet (with holding multiple payment scheme). In this on-device era, user can do commerce anyway and anytime, and at the same time able to connect to internet to get latest information before their commercing decision. Now, what i think the backend processing really need to catch up to allow faster or near to real time transaction to allow money movement more efficent yet secure and conply to AML. Since mobile payment allow user to transact fast at the front end, but backend yet still too complicated, slow, too many layer or channel processing before the online authorization approval, then it will not favour the digital finance evolvement. It will be very cool, if once the online authorization approved, the money shall 'transferred' to payee account in subsequence 5 minutes rather than per day clearing process. Increase speed of transact at frontend and backend could open up tremendous business models... WM2C, B2C C2C and etc.

22 Sep 2016 Reply Read article