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Malaysian Electronic Payment System
From Wikipedia, the free encyclopedia
| Malaysian Electronic Payment System | |
 |
|
| Operating area | Malaysia |
| Members | 12 |
| ATMs | 4,300 |
|---|---|
| Founded | 1997 |
The Malaysian Electronic Payment System, commonly known as MEPS, is the only interbank network service provider in Malaysia, counting among its members from mostly local and foreign banks in the country.
Bank's Automated Teller Machine (ATM) card is also known as Bankcard by its bank members, cardholders and by the network itself. The term was used to refer to the implementation of smart card, which is an upgrade to chip-based card from previous magnetic-stripe card issued to all bank's cardholder customer. MEPS provides the following services to all participating member banks' customer:
- Domestic Shared ATM Network for ATM cash withdrawal at over 4,300 ATMs via Bankcard
- eDebit (previously ePOS) for retail purchases directly deducted from bank account via Bankcard
- Inter-Bank GIRO (IBG) fund transfer to others bank account via Bank's internet banking
- Financial Processing Exchange (FPX) that supports B2C and B2B eCommerce payment transaction
- Regional Link Shared ATM Network with other network service provider such as ArtaJasa (Indonesia), NETS (Singapore) and ITMX (Thailand) for overseas ATM cash withdrawal while travelling.
The network is owned by Malaysian Electronic Payment System (1997) Sdn Bhd, which is a consortium of 12 local banks.
Listed below is the participating member banks. However, not all member banks provide full services offered by MEPS.
- Affin Bank Bhd
- Alliance Bank Malaysia Bhd
- AmBank (M) Bhd
- Bank Islam Malaysia Bhd
- Bank Muamalat Malaysia Bhd
- Bank Pertanian Malaysia
- Bank Kerjasama Rakyat Malaysia Bhd
- Bank Simpanan Nasional
- CIMB Bank Bhd
- EON Bank Bhd
- Hong Leong Bank Bhd
- Malayan Banking Bhd
- Public Bank Bhd
- RHB Bank Bhd
- Southern Bank Bhd
- Citibank Bhd
- Deutsche Bank (Malaysia) Bhd
- HSBC Bank Malaysia Bhd
- OCBC Bank (Malaysia) Bhd
- Standard Chartered Bank Malaysia Bhd
- United Overseas Bank (Malaysia) Bhd
| Interbank networks by region | |
| Multiregional: | |
| Africa: |
CashNet | Interswitch | SASWITCH |
| Asia Pacific: |
1Link | ALTO | Artajasa | atm5 | ATM BCA | ATM Bersama | ATM BII (Superkasa) | BancNet | Bankline | Cashnet | CashTree | ENS | ETC | Expressnet | Himbara | JETCO | EPS | Link | MEPS | MegaLink | MITR | MNET | NFS | Nationlink | Sanwa | UnionPay | Yucho | FISC |
| Caribbean: |
ATH | Midas | Unired |
| Europe: |
4B | Altın Nokta | BankAxept | Bankomat | BKM | Cash Group | CB | DIAS | Eufiserv | Euronet | LINK | Multibanco | Ortak Nokta | Otto. | ServiRed | StarNet |
| Middle East: |
123 | BANCS | Bankernet | CSC | JoNet | NAPS | OmanSwitch | Shetab | SPAN | UAE Switch |
| North America: |
Abby | ACCEL/Exchange | Access 24 | Advantage | Alaska Option | Alert | Allpoint | Annie | ARN | Award | BankMate | BOH | Cash Station | Checkokard | CO-OP | Credit Union 24 | Credomatic | Discover Network | Easy Answer | Express | Express Teller | Fastbank | Gulfnet | HandiBank | Handy 24 | Honor | Instant Cash | Instant Teller | Interlink | Interac | Jeanie | KETS | LYNX | MAC | Magic Line | Member Access Pacific | Minibank | Money Belt | Money Network | MoneyMaker | Money Station | MOST | MPact | Networks | NYCE | Peak | Presto! | Pulse | Quest | RED | Red Total | SC 24 | Service Card System | SHAZAM | STAR | SUM | The Exchange | Transact | Transfund | TX Network | Tyme | Universal Money Center | Via | X-PRESS 24 | Yankee 24 |
| South America: |
GlobalNet | Link | Redbanc | Telebanco | Unicard | Conexus | Suiche 7B | Banelco |
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