MALAYAN Banking Bhd (Maybank) expects to sign up at least 150,000 cardholders within a year for its new American Express Gold Credit Card. Maybank head of consumer banking, Lim Hong Tat, said the bank’s target was based on the credit card being the first in the country to offer the lowest revolving interest rate of [...]
Pos Malaysia Bhd will through a strategic cooperation with Platform2u.com Bhd, provide products and services which will ensure convenience and comfort for both local and overseas customers. In a statement here today, Pos Malaysia said the cooperation will also involve PosLaju. Poslaju will act as the official courier partner to enable the collection and delivery [...]
MBF Cards (Malaysia) Sdn Bhd hopes to maintain last year’s profit of RM70.7 million for 2009 as it gets ready for flat growth due to the economic downturn. Its president John Ding said the company was on track to achieve its financial projections based on the first-quarter performance this year. “We are cautiously optimistic of [...]
(Payment News) Visa has announced the launch of what it is calling “the world’s first commercial Visa mobile payments service for point-of-sale transactions using Near Field Communications (NFC) technology. The service marks the first time consumers can purchase an NFC-enabled mobile device off the shelf and use that device to make Visa payWave-enabled transactions at [...]
by Chua Sue-Ann, The Edge Daily KUALA LUMPUR: The relatively small online transaction market in Malaysia still has plenty of room to grow despite the uncertainty in the retail and investing markets, said market researchers and online platform operators. Financial Insights’ Asia Pacific managing director Cyrus Daruwala is cautiously projecting an 8% to 10% growth [...]
by Yong Yen Nie, The Edge Daily KUALA LUMPUR: EON Bank Bhd expects the festive season to boost its customers’ credit card spending by 10% to about RM275 million per month even though local consumer spending has been dampened by the global recession. Its group consumer banking head Michael Lor said the trend was for [...]
by John Lim Eu Hock, The Edge Daily KUALA LUMPUR: The credit card market will continue to grow with the country’s economic growth, said MasterCard Worldwide vice-president and senior country manager for Malaysia and Brunei Jim Cheah. “The credit card market in Malaysia isn’t fully matured yet, and there’s always room for expansion. Our central [...]
By Ellen Messmer , Network World , 10/01/2008 The Payment Card Industry Security Standards Council, the organization that sets technical requirements for processing credit- and debit-cards, last week issued revised security rules. The council also indicated that next year it will focus on new guidelines for end-to-end encryption, payment machines and virtualization. Adherence to PCI [...]
