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 DuitNow by BNM, sucks

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SUSbudakdegilz
post Oct 15 2018, 06:16 PM, updated 6y ago

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this is an announcement for all /ktards
apparently BNM cronies company has introduce this so called DuitNow payment platform
no more you need to key in those long "unique" acc number when u want to transfer money
u just need to key in the recipient phone number

and all bank will be AUTOMATICALLY registered this new #DuitNow service and link it
with your TAC registered phone number

so better call each of your bank
and ask them if your acc is link with these DuitNow service

i just had a conversation with maybank call center staff
even they don't know clearly how this new service will effect customer
what they know BNM forcing all bank in malaysia
to automaticly registered each bank acc with this DuitNow

if you using Maybank
check Maybank App inbox for more info to opt out
and u need to key in those ref no
and for the DuitNow ID use those phone number
DON'T put your IC/MyKad number....the system will reject it sweat.gif

for CIMB
u will receive a SMS
and you must reply those SMS to opt out
just follow the instruction

stupid BNM
stupid gabenor Shamsiah ranting.gif

added more reliable info

https://www.soyacincau.com/2018/10/13/duitn...-mobile-number/
QUOTE
Usually, when it comes to fund transfers, you’ll need the person’s name, bank and the actual account number. These numbers can get really long and they are hard to remember. Soon, there’s an easier way to send money to any bank account in Malaysia and all you would need is the person’s mobile number.




DuitNow is an interbank fund transfer service that’s introduced by PayNet, the network that handles MEPS, FPX and Interbank GIRO (IBG). To simplify fund transfers, DuitNow will use your personal ID which could be your mobile, NRIC or passport number as a substitute to your bank account. For businesses that are registered under SSM (Suruhanjaya Syarikat Malaysia), your business registration number can be used as well.



To get started, your mobile number must be registered first and your DuitNow ID can only be linked to a single bank account at any one time. If you have multiple mobile numbers, it is possible to register for multiple DuitNow ID as long as it can be verified by your bank. DuitNow isn’t limited to Malaysians as foreigners can register using their passport or international mobile number.

It’s worth pointing out that you only need to register for DuitNow to receive money. Those who are not registered are still able to send money to mobile numbers that are DuitNow enabled. As an added verification, the registered account holder’s name will be displayed before you can complete the transaction. This is a safety net just in case you’ve keyed-in the wrong number.

The fund transfer is done instantly in real time and it’s free of charge for transfers up to RM5,000. A 50 sen fee may apply for transactions above RM5,000. Apart from one-time transfers, DuitNow also supports scheduled and recurring transfers, and you can also add a DuitNow ID as your favourite recipient with your online banking facility.

DuitNow transfers are limited up to RM100,000 per day for consumers and up to RM100,000,000 per day for businesses. The actual transfer limit is also depended on your bank. According to DuitNow’s website, this feature will be available on internet and mobile banking apps of 44 banks in Malaysia as well as participating e-money mobile apps.



At the time of writing, it appears that some banks have started pre-registration and you might receive an SMS like the one sent below. The problem is this step is that usually a person might have multiple savings or current accounts with different banks.



Since you’re only allowed to link one bank account to your mobile number, your non-preferred bank account for receiving funds might be pre-registered automatically.
If you don’t agree to the pre-registration, you can deactivate it before the given expiry date. After that, you will be able to manage your DuitNow ID on the respective bank channels once the service has gone live.

According to HongLeong Bank, DuitNow will be launched in December 2018. Before that happens, all customers are urged to update their mobile numbers with their respective bank. You can learn more on DuitNow’s website.


fark...now i have to call maybank/cimb again

how about our parents bank acc
those who never use internet banking
but have their phone number registered with the bank

some old people have minimal understanding about internet banking
and yet their personal info will be exposed

just because this stupid BNM forcing all banks to pre registered their customer with this #DuitNow

farking stupid decision by BNM

This post has been edited by budakdegilz: Oct 15 2018, 07:12 PM
SUSbudakdegilz
post Oct 15 2018, 06:42 PM

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QUOTE(Spectreoutreach @ Oct 15 2018, 06:37 PM)
I already opt out from Maybank one .very hard because the system don't recognize IC  Handphone number + reference number plus need to use Private mode .Took me day and after consultation with Maybank CS
*
the one who answered my call didnt even know about these DuitNow
she said can only opt out after 21st oct

when it's clear on maybank message that's before 21st vmad.gif



SUSbudakdegilz
post Oct 15 2018, 07:10 PM

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QUOTE(nuvi @ Oct 15 2018, 06:52 PM)
Next time scammer just key in random phone number and can know the person name already.

GG personal info.
*
yup...that's one of the concern

QUOTE(nazq @ Oct 15 2018, 06:55 PM)
I'm much more concerned about the safety.
*
fark...now i have to call back maybank

how about our parents bank acc
those who never use internet banking
but have their phone number registered with the bank

some old people have minimal understanding about internet banking
and yet their personal info will be exposed

just because this stupid BNM forcing all banks to pre registered their customer with this #DuitNow

fark stupid decision by BNM doh.gif
SUSbudakdegilz
post Oct 15 2018, 07:41 PM

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QUOTE(idoblu @ Oct 15 2018, 07:33 PM)
You cannot opt out wan. Opt out is for receiving money to that account only. Doesnt mean you cannot send money to others
*
at least my personal data is protect from strangers
with DuitNow service you only need to key in the phone number
any strangers can get your name or perhaps even your IC/MyKad

we still blur about how secure this DuitNow
since no proper announcement from BNM
so i opt out first bye.gif

This post has been edited by budakdegilz: Oct 15 2018, 07:42 PM
SUSbudakdegilz
post Oct 15 2018, 08:55 PM

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QUOTE(mike.h @ Oct 15 2018, 08:22 PM)
Lol paranoid idiot. People won't be able to withdraw money from your acc just by knowing your mobile.

Which backwater cave ts came from. Here in SG people all age use PayNow got no iisues. Really face-palm this kind of people.
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QUOTE(HansChan @ Oct 15 2018, 08:35 PM)
Very true.... SIngapore has PayNow. The mobile number is linked just to receive payments, allowing your friends or customers to pay you easily without your account number.

With DuitNow, isn’t it even safer if I don’t have to reveal your account number anymore to receive payments? People can just pay to my mobile number.

Even Thailand already has something similar called PromptPay:
*
wei..bodo
SG PayNow you need to register la
so u got an option to use or not
and also have an option either to use NRIC or mobile number
that link to each acc

unlike malaysia
all bank pre-register it
sweat.gif






SUSbudakdegilz
post Oct 15 2018, 09:00 PM

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QUOTE(HansChan @ Oct 15 2018, 08:57 PM)
More info here

<a href='https://<referral link removed>/my/tech/duitnow-all-you-need-to-know-about-the-new-banking-service-your-bank-is-signing-you-up-for' target='_blank'>https://<referral link removed>/my/tech/duitnow-all-you-ne...ning-you-up-for</a>
*
kakakakakaka...
link site mana yg ko cuber post ni ???
SUSbudakdegilz
post Oct 18 2018, 11:27 AM

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QUOTE(alexanderclz @ Oct 18 2018, 09:43 AM)
this fella wanna be hero, but he didn't even complain to the right authority. lol
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so tell us which the correct authority we should complaints to ??

SKMM = gov agency that responsible for PDPA Act 2010 online

BNM = responsible to all bank policy

QUOTE(s@ni @ Oct 18 2018, 09:45 AM)
at least he started it.

thanx ya whoever u are
*
biggrin.gif

This post has been edited by budakdegilz: Oct 18 2018, 11:28 AM
SUSbudakdegilz
post Oct 18 2018, 11:45 AM

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QUOTE(alexanderclz @ Oct 18 2018, 11:31 AM)
most likely bank negara since this is their initiative. whether they asked the banks to do it opt out or banks do it themselves, you got to confirm with bank negara. and of course, when u sign up for banking services, i think your info all shared already unless u specifically ask them to remove it during registration for banking services.
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there's a regulation by BNM about sharing personal data among bank
then again it's bank responsibility to secure their customers data
and it will not expose them to the PUBLIC

i don't simply shared my MyKad or bank acc to anyone
but i do shared my phone number to everyone i know

heck even to those i don't know personally
they can get my phone number pretty easily either
by im just calling them, sms them or whatsapp them
sad.gif

SUSbudakdegilz
post Oct 18 2018, 11:57 AM

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QUOTE(alexanderclz @ Oct 18 2018, 11:48 AM)
you are right there. however, initiative by bank negara. and apparently many countries doing that. but you have a point, which is why i've already opted out long ago.  biggrin.gif
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many countries still let u decide if u want to use this service
not simply by PRE-REGISTER it automatically

and what concerns me more is how about those who didn't get the notice ??
either via sms or email or like my case
i only know maybank pre registered mine via their mobile M2U app massenger

what if i dont regularly use their app ??

mad.gif

This post has been edited by budakdegilz: Oct 18 2018, 11:57 AM
SUSbudakdegilz
post Oct 18 2018, 02:16 PM

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QUOTE(alexanderclz @ Oct 18 2018, 12:02 PM)
you are right. i had a look at the m2u messenger thing after knowing about this duitnow. those are the points that can be given to bank negara in implementing this.
*
incompetent by BNM lead to this issue

as a organization that in charge of banking industry
they should study multiple scenario on what can go wrong
not just give green light first then wait for the feedback
sweat.gif

i dont really know if it's really BNM instruction or not
or it is each bank own initiative to pre registered us
but from what the cimb call center staff told me
it's from BNM

and what im more skeptic about
since PayNet share own by BNM
they just want the data or hype
by pre registered as many bank user as they can


" Look!!! Our DuitNow service got xxxxx subscriber on our launching date "


bad PR man..really bad sweat.gif

This post has been edited by budakdegilz: Oct 18 2018, 02:16 PM
SUSbudakdegilz
post Dec 17 2018, 09:08 PM

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QUOTE(DuitNow @ Dec 17 2018, 04:27 PM)
Now December, duitnow already started, for security reason, its best for everyone to login to their bank acc, and check each account, whether duitnow is enable or not, if its enable, just remove it if you dont ever want to use duitnow and set the duitnow transfer limit to zero.
*
F you bruce.gif

https://www.thestar.com.my/news/nation/2018...new-way-to-pay/

QUOTE
“It is extremely heartening that millions of Malaysians have already registered for DuitNow to receive funds using their mobile number and MyKad numbers” said group chief executive officer Peter Schiesser of PayNet, operator of DuitNow.
F you peter
F you Bank Negara Malaysia subsidiary

malaysian bank user were "forced" to registered for this service

just as i thought...
all this nonsense "opt in" since October
is just to brag how many pipul registered during today DuitNow media press launching

bodo whistling.gif

This post has been edited by budakdegilz: Dec 17 2018, 09:09 PM
SUSbudakdegilz
post Feb 15 2019, 03:40 PM

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QUOTE(x88yunkw @ Feb 15 2019, 12:18 PM)
login in bank P , said i already registered for duitnow. and show for bank R use ic no and bank M use h/p no.
so i doubted, then my bank P use what?
only bank P show other bank duitnow details, how i see from other banks?
confusing. want to terminate all these shit things. how?
update:
i found duitnow setting from bank M online banking.
stated bank R use ic no.
bank M itself use hp no.
so how about bank P? no show. why?
i saw the button can scroll left or right to active and deactive duitnow.
just select deactive and means terminated?

pls assist guys,,, blur... TQ
*
it's a sux payment method..

but then again new technology supposedly meant to be easily used

not to make it more complicated

sweat.gif


 

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