Financial Process Exchange (FPX)

Darn.
I prefer TAC though.
Did my shopping via Shopee on my desktop pc.
Easier to browse items, TAC and stuff.
Some old phones are not compatible with Secure2u app.





This post has been edited by Chastain: Apr 10 2023, 08:21 AM

what is FPX ?

Good and finally use Secure2u. I think it will help reduce scam case.

Financial Process Exchange

ya, but whats that ? fund transfer ?

What about usage on Maybank2u on PC? Still using TAC?

Nothing you can do about it. Other banks are also changing to app based approval or have already done so. eg. CIMB now also app based.

You have to click "APPROVE" that pops up on your phone registered with Secure2u.

why now secure2u use MAE to approve..i want to use maybank2u not MAE to approve my secure2u..how to enable it on Maybank app

"Financial Process Exchange (FPX) is a Malaysia-based payment method that allows customers to complete transactions online using their bank credentials. Bank Negara Malaysia (BNM), the Central Bank of Malaysia, and 11 other major Malaysian financial institutions are members of the PayNet Group, which owns and operates FPX. In order to pay with FPX, customers are redirected to their online banking environment where they have to perform two-step authorisation. The exact customer experience varies depending on their bank. The FPX payment flow is well understood and intuitive to Malaysian customers"

Good move. If you want to argue on basis of phone not supported, means your phone is way too old to be secure itself and thus should be upgraded as well

Not necessarily. Infact even easier to scam old pipu

Right now mbb try to push everyone using their new app MAE , not cool man, not all people using latest phone so cannot update, so M2U app cannot already, MAE required new phone, how to get Secure2u

Already 2023, which phones are not compatible with bank apps or SecureTAC?

I find it easier with SecureTAC because no need to enter the TAC manually.

My shopping and banking apps are on a separate phone with a separate number. When I shop on another phone and click pay, the other phone will notify me with payee details, and only need to click Approve to proceed. So simple even a 90-year old grandpa can do it.

Still using m2u for approval though

its not right to force all to use MAE just to get secure2u, other banks use their own app for approval

Probably won't cover everything. Still I believe it is better than sms otp.


It's an order by Bank Negara.
https://soyacincau.com/2022/09/26/bnm-says-...-against-scams/



This post has been edited by CPURanger: Apr 10 2023, 09:52 AM

Its about time SMS TAC needs to go. If your phone does not support it (i'm guessing you are using a non-smartphone?) then its about time you upgrade it. Many scams come out from SMS TAC as the SMS can be easily replicated.

But sometimes i get confused between M2U and MAE as it overlap between each other. Sometimes the verification comes thru the former, and some the latter. Relinquishing SMS TAC is fine but the system should be refined more.

something wrong with this m2u and mae..why mine cannot secure2u from m2u ZZzz

I thought Maybank already phased out usage of m2u and now completely shifted to mae