Company Profile
Malaysian Electronic Payment System Sdn Bhd (412829K)
Tagline
It Matters. MEPS it today!
- Contact Person
- Hazlina Sulaini
- Address
- MEPS@Horizon, Tower 5, Avenue 3, Bangsar South 8 Jalan Kerinchi, 59200 Bangsar Wilayah Persekutuan Kuala Lumpur Malaysia
- Areas of Specialization
-
- IT - Network / Admin / Support
Online Profile
Malaysian Electronic Payment System Sdn Bhd (MEPS), incorporated in 1996, is a payment consortium owned equally by eleven (11) local banks and is an integral part of the Malaysian Payment industry. It functions primarily as the electronic payment infrastructure arm and technology partner for the Malaysian Financial Services industry. In brief, MEPS' role encompasses:-
- Development and implementation of payment services;
- Provision and management of shared infrastructure for participating financial institutions;
- Governance of adherence to relevant standards;
- Development of technical standards and specifications for the domestic ATM and Debit chip card; and
- Certification of domestic ATM and Debit chip cards and personalization centers.
MEPS provide the following services through its network to all participating banks:
- Nationwide Shared ATM Network – An interbank switching infrastructure network for routine banking transactions including but not limited to cash withdrawal, funds transfer, credit card and loan repayment, account balance inquiry, mobile prepaid top-up, MEPS CASH loading and Touch n’ Go top-up.
- Cross-Border Initiative – A cross-border ATM network / link with 6 countries; currently providing inter-country cash withdrawal services and will be expanded to include inter-country funds transfer and balance enquiry.
- Regional Switching for Financial Institutions – Provision of ATM switching services for member banks amongst their regional branches.
- MEPS ATM – Deployment of white-label ATMs which are owned and managed by MEPS. The ATMs offer services ranging from domestic and cross-border cash withdrawal, domestic balance enquiry and funds transfer. Cardholders of participating banks in Malaysia have access to these ATMs while cash advance facilities for MasterCard and Visa cardholders would be enabled soon.
- Payment Multi-Purpose Card Specification (“PMPC”) – A proprietary ATM and Debit chip-card standard which was developed by MEPS. MEPS is the central coordinating body for the national implementation of the PMPC and is responsible for developing the PMPC chip card specification, technical standards, technical integration, support and coordination.
For further details, please refer to www.meps.com.my
