Typical payouts for live baccarat are as follows:

Banker win: 0.95:1
Player win: 1:1
Tie: 8:1

The house takes a 5% commission ('Vigorish') on the Banker win.

M88 have changed payouts on their live baccarat to:

Banker win: 1:1
Player win: 1:1
Tie: 8:1

Note no house commission on the Banker win. Accordingly, they are calling it "No Commission Baccarat", with a tag line...

"BECAUSE YOU DESERVE TO WIN IT IN FULL"

BUT, before you get too excited...as expected they've compensated for this with another change... when banker wins on 6 the payout is 0.5:1.

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Perhaps a more appropriate name for the game would be 'Different Commission Baccarat'