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Visa bolsters Asia Pacific product suite Payments giant Visa showcased a range of new products and solutions at Singapore Fintech Festival, revealing plans to roll them out across Asia Pacific. These include: Visa Flexible Credential – This enables a single card product to toggle between payment methods.
Among the opportunities is the concept of decentralized credentials, which involves the use of distributed ledger technology (DLT) to establish digital identities for credit union members, without relying on a central authority to manage that database. “That’s a huge market opportunity for credit unions.”
“Many of these important protections stem from the Electronic FundTransfer Act, and they are intended to be similar to those for checking account consumers.” The new rules — despite both Google and PayPal’s objections — cover “digital wallets capable of person-to-person transfers and storing funds.”
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