MEPS CHARTS ANOTHER MILESTONE WITH NEW HEAD OFFICE

Kuala Lumpur, 11January 2011 – Bank Negara Malaysia Deputy Governor, Dato’ Muhammad bin Ibrahim officially opened MEPS@Horizon, the 12-storey head office of Malaysian Electronic Payment System Sdn  Bhd (MEPS) located in the up and coming development area of Bangsar South, Kuala Lumpur; presenting a new landmark for interbank payment services.

Dato’ Sri Abdul Wahid Omar, Chairman of MEPS said that MEPS@Horizon marks MEPS “second decade of serving the financial community and is a celebration of MEPS journey from being just a simple ATM network switch to that of a premier payment infrastructure provider and e-ACH (electronic-Automated Clearing House) for the financial services industry.”

Since its inception in 1997, MEPS has continued to grow from strength to strength, playing an integral role in the Malaysian financial landscape. In support of Bank Negara Malaysia’s aspirations for a cashless society, MEPS, in addition to its national ATM services, has successfully introduced a suite of services including MEPS FPX, MEPS Direct Debit, e-Debit and Interbank GIRO. MEPS’ has also in recent years, introduced several new ATM-based services, like funds transfer and mobile pre-paid top-up, as well as the Cross-Border ATM cash withdrawals with 5 countries.

Dato’ Sri Abdul Wahid also said that in 2011, MEPS focus will be on initiatives that supports the Government’s Economic Transformation Programme.

“Together with Bank Negara Malaysia, the financial industry and our business partners, MEPS is geared towards enhancing the nation’s payment infrastructure to provide a wider array of payment channels and services, through the adoption of new technologies and by promoting payment innovations towards the migration to e-Payments,” he added.

MEPS@Horizon houses a state-of-the-art near Tier-4 Data Centre, switching and securing all interbank e-payment transactions with pre-eminent facilities. This security and reliability of services provided is evidenced by MEPS zero non-conformance rating for the ISO/IEC 27001 Information Security Management System surveillance audit, a recognized international standard for ISMS requirements. MEPS is also Payment Card Industry – Data Security Standard (PCI-DSS) certified.