ePAYMENT
In April 1997, Dagang Net Commerce
introduced the first commercially successful electronic
fund transfer (EFT) service in the world.
Supported
by 9 local banks, the EFT service enabled Customs duty payments
to be made electronically via the Electronic Multi-Payment
Gateway (e-MPAG). As a result, users enjoy a host of benefits,
from convenience, and security to time and cost savings.
Besides
successfully pioneering the commercial use of smartcards
and digital signatures in Malaysia, Dagang Net Commerce’s
EFT service effectively assures the security of each transaction
with built-in mechanisms that authenticate and check integrity
of payment instructions to ensure non-repudiation.
The
Participating Banks:
- Malayan
Banking Berhad
- RHB
Bank Berhad
- Allied
Bank Berhad
- Arab
Malaysian Bank Berhad
- EON
Bank Berhad
- Bumiputra
Commerce Bank Berhad
- Perwira
Affin Bank Berhad
- Public
Bank Berhad
- Southern
Bank Berhad
