MEPS, together with the banking industry, was instrumental in the migration of magnetic stripe cards to chip-based cards (Payment Multi-purpose Card) in Malaysia in 2003; making Malaysia the first country to implement chip-based ATM cards in Asia.
In this national initiative, MEPS was responsible for the development of the technical standards and specifications for the smart cards, card acceptance devices, loading and communication protocols, technical integration support and coordination of the card supply and personalisation operations.
Today, MEPS is the sole certification authority in Malaysia for the Payment Multipurpose Card (PMPC) scheme in particular for the certification of the ATM/e-Debit cards and personalization centres. These certifications are undertaken to ensure that the cards issued by member banks are in compliance with the technical and security standards specified in the PMPC ATM/e-Debit Application Specification and the cards are personalized in a trusted and secured personalization centre. The detailed verification and validation during MEPS certification process give card issuers (i.e. banks) a high degree of confidence when issuing MEPS’ certified cards and subscribing to the services of MEPS’ certified personalisation centres.
In addition to certification, MEPS also manages the business and technical process of Key Management Business i.e. key distribution, key transfer for financial institutions, vendors and business partners and functions as the one-stop centre for the generation of card personalization files i.e. fabrication files, crypto key management etc. MEPS complies with the latest security procedures which are industry best-practice to ensure that card information is kept secure and tamper-proof during the course of a transaction.
Certified Card Manufacturers/Suppliers Certified Card Personalisation Centres
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