DBS Introduces New “Mobile Wallets” Security Feature to Further Protect Customers From Phishing Frauds

DBS Introduces New “Mobile Wallets” Security Feature to Further Protect Customers From Phishing Frauds

In an effort to combat the rise of mobile wallet phishing, DBS Bank will launch a new “Mobile wallets” feature within DBS/POSB digibank app’s Payment Controls, preventing scammers from adding phished card details to their mobile wallets. Payment Controls – located within the DBS/POSB digibank app – allows customers to self-manage their card transaction limits in real-time. Customers can use these controls to protect themselves from unauthorised …

DBS Introduces Mobile Wallet Toggle to Help Prevent Phishing-Linked Fraud - Fintech Singapore

DBS Bank will roll out a new “Mobile wallets” control in its DBS/POSB digibank app from mid-May to help prevent scammers from adding stolen card details to mobile wallets. The feature will be turned off by default. Customers who wish to add their DBS/POSB cards to a mobile wallet must first enable the toggle in the app’s Payment Controls. If no wallet is linked within 10 minutes, the control will automatically switch off. When a card is being ad…