MEPS Currency Management Sdn Bhd (MCM)

MEPS Currency Management Sdn Bhd (MCM) began operations in April 1998. It is the sole agent of Bank Negara Malaysia to undertake sorting, processing and distributing of currency notes activities.

MCM currently operates from 7 branches, located nationwide, i.e. Shah Alam, Subang Jaya, Kuala Terengganu, Pulau Pinang, Kuching, Kota Kinabalu and Johor Bahru.

Its primary roles are as follows:

• Processing the used currency notes from commercial banks using automated currency processing machines in accordance with procedures stipulated by Bank Negara Malaysia.
• Destroying soiled/reject currency notes and the disposal of destroyed currency notes in compliance with the requirement of relevant government agencies.
• Receiving cash deposits and issue cash from/to commercial banks in accordance with Bank Negara Malaysia's manual on cash operation.

In 2003, MCM expanded its services to include cash management services to the financial institutions which encompasses:

• Self Service Terminals management services
• Cash & SST Optimisation
• ATM Replenishments & First Line maintenance services
• CDM Cash Collection & First Line Maintenance services
• Cash-In transit services
• Currency Processing Custodian / Vaulting Services
• Vendor Management

MCM's approximate 150 personnel are experienced in various disciplines ranging from cash processing, ATM management, security, financial management, information technology and mechanical and electronic engineering. In 2004, MCM obtained the ISO 9001:2000 certification for notes processing and distribution.