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The card is made of plastic, generally PVC, but sometimes ABS. The card may embed a hologram to avoid counterfeiting. Using smart cards is also a form of strong security authentication for single sign-on within large companies and organizations. EMV is the standard adopted by all major issuers of smart payment cards. [citation needed]
An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking.
PETRONAS continuously provides the Malaysian government dividends from its profits. Since its inception in 1974, PETRONAS have paid the government RM 403.3 billion, with RM 67.6 billion in 2008. The payment represents 44% of the 2008 federal government revenue. [92] PETRONAS paid RM 54 billion in dividends to the federal government in 2019.
Touch 'n Go lane signboard. Touch 'n Go is a contactless smart card system used for electronic payments in Malaysia.The system was introduced in 1997 and is widely used for toll payments on highways, public transportation, parking, and other services.
Sepang International Circuit (Malay: Litar Antarabangsa Sepang) (known as Petronas Sepang International Circuit for commercial reasons) is a motorsport race track in Sepang, Selangor, Malaysia. It is located approximately 45-kilometre (28 mi) south of Kuala Lumpur , close to Kuala Lumpur International Airport .
Petron Megaplaza in Makati, Philippines was Petron's headquarters from 1998 to 2010.. Petron's history dates back to September 7, 1933, when Socony-Vacuum Oil Company (Standard Oil of New York) and Standard Oil of New Jersey (also known as Jersey Standard) merged their interests in the Far East into a 50–50 joint venture named the Standard Vacuum Oil Company (Stanvac).
The Petronas FP1 is a 899.5 cc (54.89 cu in) liquid cooled inline three-cylinder homologation special sport bike that was produced in 2003 by Petronas.. Originally developed jointly by Petronas and Sauber Petronas Engineering as the Petronas GP1 989cc prototype to compete in MotoGP, Petronas decided to race the motorcycle in the Superbike World Championship instead.
At the end of basic training, the card's balance would be converted into cash, and paid back to the soldiers. [1] The project was a great success, because it eliminated the need for bases to keep cash on hand, and saved soldiers approximately $125,000 a year in banking fees. [3] A U.S. Army soldier refills his EagleCash card at a kiosk in May 2007.