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Online banking helps small firms cut costs
KUALA LUMPUR: Small businesses are encouraged to use online banking such as the Interbank Giro (IBG) service to reduce their operational costs and perform transactions more conveniently.
Switching to e-payment could save country 1% of GDP: Bank Negara
PETALING JAYA: Bank Negara Malaysia, whose road show to promote e-payments among small businesses arrived in Kuching on Wednesday, says achieving the e-payment migration goal may save the country 1% of GDP annually.
Associations of Bank Malaysia: e-payment the way to go
KUALA LUMPUR: Businesses and the public should adopt electronic payment channels, says the Association of Banks in Malaysia (ABM), which is currently holding a road show with Bank Negara Malaysia and the Association of Islamic Banking Institutions Malaysia.
Cheque fee may boost banks' e-revenue
PETALING JAYA: The latest move to charge a processing fee for cheque issuance is expected to boost commercial banks’ revenues from e-payment transactions.
Internet banking made easier
KUALA LUMPUR: Internet banking will be made easier come March next year when all banks provide at least one Internet banking kiosk at all their branches to give the public better access to online banking and Interbank Giro (IBG) services.
Banks to provide internet banking kiosks at branches
KUALA LUMPUR: Banks in Malaysia are set to provide at least one Internet banking kiosk at all their branches nationwide to facilitate the public access to online banking and interbank GIRO (IBG) services by March 2014.
Affin Research maintains "Add" call on Public Bank
Affin Research is maintaining its “Add” call on Public Bank Bhd (PBB) with a target price of RM17.50.
BNM: Banks to charge 50 sen to process a cheque from April 2014
Banks will impose a cheque processing fee of 50 sen on the issuer of the cheque with effect from April 1, 2014 as Bank Negara Malaysia (BNM) sets a new pricing strategy to promote greater efficiency.
Improving cross-border electronic transfers
BANK Negara, via its subsidiary Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear), has continued its initiatives to improve and enhance the capability of the Real-time Electronic Transfer of Funds and Securities System (Rentas) in supporting cross-border payments and settlements.
