Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
ABM Conducts PIN And Pay Engagement Sessions
Last update: 05/06/2017

KUALA LUMPUR, June 5 (Bernama) -- The Association of Banks in Malaysia (ABM) and the National Cards Group (NCG) recently jointly conducted PIN and Pay engagement sessions with business sectors in Johor Bahru and Penang.

In a statement today, ABM said the sessions were similar to those conducted by Bank Negara Malaysia in Kota Kinabalu, Kuching, Kuala Lumpur and Miri.

It said the engagement sessions encompassed dialogues on the use of Personal Identification Number (PIN) for payments using credit, debit, charge and prepaid cards at point-of-sale (POS) terminals.

It was attended by representatives from various trade associations and industries such as food and beverage, pharmaceutical, IT, general retail, travel and tours, and hospitality (hotels).

Representatives from AmBank, CIMB Bank, Global Payments, Maybank and Public Bank were present.

ABM said the participants were reminded that signatures would no longer be accepted for payment verification at POS terminals effective July 1, and cardholders would need to enter their PIN when making payment with their credit, debit, charge and prepaid cards.

-- BERNAMA

 <Back>

BNM, Banks Have Adequate Shariah Experts
RHB Islamic To Provide e-solutions To PBT Pengerang

 
AIBIM Wants Govt To Channel Incentives For SMEs Via Islamic Banks

Takaful Malaysia, AmBank Islamic Ink Bancatakaful Partnership
Motorists Pay Lower Motor Insurance Premium After Liberalisation

 
Life Insurance Companies Announce Flood Relief Measures

CLOSING, FRIDAY, DEC 15
US 4.0780/0810
S'pore 3.0286/0313
100 Yen 3.6359/6389
Sterling 5.4763/4816
Euro 4.8100/8152
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
  Main | News | Insurance

© 2017 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution