Kuala Lumpur, July 7, 2004 – A signing ceremony of shared automated teller machine (ATM) network was held between Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS) and Bank Kerjasama Rakyat Berhad (Bank Rakyat) today.

The agreement was signed by MEPS’s Managing Director, Dato’ Mohd Hata Robani while Bank Rakyat was represented by its Chief Executive Officer, Dato’ Alim Bin Ariffin and witnessed by General Manager, Kamaruzzaman Che Mat

This arrangement is aimed at offering Bank Rakyat customers the facility in accessing over 4,000 ATMs nationwide. Bankcard (issued by the 10 anchor banks and 2 Islamic banks) will also be able to make ATM transactions via Bank Rakyat’s ATMs such as cash withdrawal and balance inquiry.

During the ceremony, Dato’ Mohd Hata said with the participation of Bank Rakyat, the first non-commercial bank in the Shared ATM Network, MEPS hopes that it is the pave way for more non-commercial banks in the network.

In an ATM related development, MEPS is in the process of enabling Shared ATM networks across the South East Asian region. MEPS and PT Artajasa of Indonesia recently initiated a strategic effort develop cross border payment facilities between Malaysia and Indonesia.

“This initiative will enable both MEPS and Artajasa’s member banks’ cardholders to enjoy the convenience of ATM services in both Malaysia and Indonesia. Scheduled to be fully operational by 2005, over one million Malaysians and Indonesians will have access cash withdrawal facilities via ATMs while traveling for either leisure or business in both countries,” Dato’ Hata added.

Malaysian Electronic Payment System (1997) Sdn. Bhd. (MEPS) is the central coordinating body for the implementation of Bankcard amongst the local financial institutions, vendors, alliances and merchants. MEPS is a corporation wholly owned by the local Financial Institutions and provides shared banking services for ATM network, inter-bank GIRO, e-Commerce gateway and inter-bank electronic cash payments.