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Seven masked thieves overpowered two security guards and an employee in a hypermarket in Penang before using oxyacetylene torches to cut through three auto teller machines (ATMs) inside the premises to steal RM150,000 in cash, both the I>Sin Chew Daily/Iand I>Nanyang Siang Pau/Ireported Sunday.
A CONSISTENT and positive banking experience across all channels, whether at the branch, on the phone, or the Internet #150; consumers want it and banks are realising the need to deliver it. The future of retail banking lies in the successful transformation to a multi-channel delivery and the journey has begun.
HSBC Bank Malaysia Bhd, which expects to launch its chip-based bankcard in mid-year, may not charge any fee for the card as it would be using a cost-efficient automated teller machine (ATM) system.
BANKING and retail applications for the smart card market in Malaysia is on an upward trend. According to a recent study by Frost and Sullivan in 2000, banking and retail applications accounted for 2.4% of total smart card shipment by application and this is expected to grow to 6.2% by 2004.
THE full conversion to I>Bankcard/I>, the new chip-based multipurpose card replacing the existing magnetic strip automated teller machine (ATM) cards nationwide, is targeted for the end of June this year.
MALAYAN Banking Bhd (Maybank) and Mayban Finance Bhd have announced that they are waiving the annual service fee for customers who upgrade their existing I>Kawanku/Imagnetic strip automated teller machine (ATM) cards to the new chip-based I>Maybankard./I>
It is always enjoyable and informative to listen to the views of a veteran. Zarir J. Cama, new deputy chairman and CEO of HSBC Bank Malaysia, shares his views on banking in Malaysia and elsewhere. In an interview with I>StarBiz/Isenior editor (Finance Banking) Yap Leng Kuen, Cama also looks at some of the successes and pitfalls of banks in their various strategies either to expand or consolidate.
STANDARD Chartered, India#039;s largest foreign bank, has recently announced aggressive plans to expand its distribution network and branch footprint across India, with the opening of 23 new branches during 2003, the bank said in a statement.