KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Visa Inc. is collaborating with major UK banks to revamp how account-to-account payments are handled, as consumers continue to lose billions due to fraud and unauthorized transactions. The initiative, involving banks like Barclays, Lloyds, and HSBC, aims to introduce a new system providing consumers a formal process to dispute payments made via bank transfers. Key Points: Revamping Direct Debit Payments : Visa is focusing on enhancing direct debit payments, a popular automated payment method for bills and subscriptions. Despite its convenience, direct debit transactions have contributed to substantial losses from fraud, unauthorized renewals, and inflexible payment arrangements. Last year, UK consumers made about £3.70 trillion in payments using account-to-account technology. New Dispute Process : The proposed system by Visa will allow customers to formally dispute payments, aiming to improve the payment experience and reduce losses. Visa is already working with Pay.UK, the opera...