Prepaid Payment Regulatory Aspects
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The document discusses Singapore's plans to make electronic money legal tender by 2008 and require merchants to accept it. It also discusses the central bank's role in developing e-money, definitions of stored value facilities, regulations around who can issue multipurpose stored value instruments, and approved widely accepted stored value facilities in Singapore.
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2) 3D Secure is a global standard that adds an extra authentication layer for online payments, reducing fraud liability for merchants. It works by requesting additional identity verification from the cardholder during checkout.
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Fcb 2
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