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The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet) .
MBSP) is the local government that administers the city of Seberang Perai, which encompasses the mainland half of the Malaysian state of Penang. The city council, which has jurisdiction over an area of 748 km 2 (289 sq mi), falls under the purview of the Penang state government .
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
Raast (Urdu: راست; lit. ' direct ') is an instant payment system developed by the State Bank of Pakistan (SBP). [1] It operates using the state-of-the-art Pakistan Faster Payment System (PFPS), facilitating real-time settlement of small-value retail payments, including inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [2]
Online Banking ePayments (OBeP) is a type of payments network, developed by the banking industry in conjunction with technology providers. It is specifically designed to address the unique requirements of payments made via the Internet. [1] Key aspects of OBeP that distinguish it from other online payments systems are:
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
In 2016, Union Pay Cards were accepted. In 2017, two new payment services, Mada Atheer and Mada Naqd, were launched. In 2018, Mada e-Commerce service and Apple Pay were introduced. Mada Pay was launched. In 2020, JCB Cards were accepted. In 2021, the Soft Point of Sale (Soft POS) system was introduced.
In 2024, Saman Bank was hit by a cyberattack from IRLeaks, which affected 20 of Iran's 29 banks, including the Central Bank of Iran. Politico called it the "worst attack" in the nation's history. The Iranian government was compelled to pay a ransom to the hackers to secure the data of Iranian customers. [6] [7]