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SQID TECHNOLOGIES LIMITED: SQID Signs New Agreement With Merchant Warrior to Expand its Payment Offerings Including ApplePay

SQID TECHNOLOGIES LIMITED: SQID Signs New Agreement With Merchant Warrior to Expand its Payment Offerings Including ApplePay ACCESSWIRE / April 16, 2021 / SQID Technologies Limited (CSE:SQID) is pleased to announce it has signed a new agreement with Merchant Warrior to provide a range of new payment solutions to its customers including the ability to offer ApplePay, GooglePay, BPAY and Electronic Fund Transfer. SQID will also offer a range of new payment services including Unified Payments to allow eCommerce and in-store POS and also Smart IVR for payments by voice commands. The agreement with Merchant Warrior will see SQID build upon their platform offering whilst removing the need to maintain and develop its existing platform and legacy systems. The Company will be able to focus on new Sales and Marketing opportunities in the pipeline and reduce backend operations.

SQID Signs New Agreement With Merchant Warrior to Expand its Payment Offerings Including ApplePay

SQID Signs New Agreement With Merchant Warrior to Expand its Payment Offerings Including ApplePay
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FASTag does not violate right to free movement: Centre

A Fastag toll booth. File   | Photo Credit: S SIVA SARAVANAN The Union government recently told the Bombay High Court that making FASTag (electronic toll collection system) mandatory for all vehicles plying on the national highways does not breach a citizen’s fundamental right to freedom of movement in any way. The government made its stand clear in an affidavit filed on April 6 in a public interest litigation (PIL) challenging the decision to make FASTag mandatory at toll plazas on all national highways. It says FASTag was made compulsory to ensure seamless traffic movement and cut travel time short. All decisions had been taken in accordance with the Central Motor Vehicles (CMV) Rules. In cases where it was not possible to fit vehicles with the tag for any reason, they were permitted to still ply on the extreme left of the FASTag lanes.

RBI extends timelines on new rules for recurring transactions and card storage

Recurring payments deadline extended at IBA’s request Under the August 2019 policy, the RBI mandated banks and payment companies to introduce a pre-transaction notification before auto-debiting a customers’ account via their debit or credit cards, digital wallets or the Unified Payments Interface. It also mandated companies to issue a post-transaction notification for recurring transactions, an option to withdraw the e-mandate and set up a dispute or grievance redressal mechanism for the same. This policy was to be in force from March 31, 2021 onwards, but has been extended to September 31. All transactions below Rs 5,000 do not need Additional Additional Factor of Authentication, like one-time-passwords. The RBI introduced these changes to ensure that customers are made aware of every recurring automated tranasaction, before and after their accounts are debited. This was done to ensure greater protection for customers against fraudulent transactions.

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