Electronic Payment Services
| Operating area | Hong Kong |
|---|---|
| Members | 21 |
| Founded | 1984 |
Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. Currently there are over 25,000 acceptance locations.
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[edit] Provider
Established in 1984, EPS Company (Hong Kong) Limited (formerly Electronic Payment Services Company) is currently a consortium of 21 major banks in Hong Kong.
[edit] System
In each retail location, a terminal is installed and is usually connected to a POS system of retailer. The terminal can also connect to banks through the public phone system.
The operation of the system is easy. The retailer swipes a customer's ATM card in the terminal and keys in the payment amount. The cardholder then selects the appropriate bank account and keys in the PIN. After successful connection to the bank, a receipt will be printed for the customer and the retailer. Some automatic terminals require the cardholder to insert his or her ATM card into a terminal machine rather than have the merchant swipe the card.
Payment for each transaction is directly transferred from the payer's bank account to receiver's.
[edit] Service at consumer level
[edit] EPS service
EPS (易辦事) is simple use of ATM card or credit card with ATM function, no application of service is required. All ATM cards or credit cards with ATM function issued by EPS Company member banks could perform EPS function.
Consumer simply presents the ATM card to the cashier. Cashier swipes consumer's card and enter the transaction amount. Consumer confirm the amount by inputting ATM card PIN. EPS receipts are printed with "ACCEPTED" for successful transaction.
[edit] EPS EasyCash service
With EPS EasyCash (提款易) , consumer can withdraw cash at over 1,200 locations in Hong Kong upon purchase with EPS. The cash withdrawal amount can be in multiples of HK$100, at a maximum of HK$500. EPS EasyCash service is also commonly known as Cashback service.
EPS EasyCash service is currently available at chain store of Gourmet, Great, IKEA, Mannings, MarketPlace, Massimo Dutti, Circle K, Oliver's, Parknshop, Taste, Threesizty, Vango, China Resources Vanguard (CRV), V'ole and Wellcome in Hong Kong.
[edit] EPS Company Member Bank List
- Bank of China (Hong Kong) Limited
- Bank of Communications, HK Branch
- China Construction Bank (Asia)
- China Merchants Bank Company Limited
- Chiyu Banking Corporation Limited
- Chong Hing Bank Limited
- Citibank (Hong Kong) Limited
- Citic Ka Wah Bank Limited
- Dah Sing Bank Limited
- DBS Bank (Hong Kong) Limited
- Fubon Bank (Hong Kong) Limited
- Hang Seng Bank Limited
- The Hongkong and Shanghai Banking Corporation (HSBC)
- ICBC (Asia)
- Mevas Bank Limited
- Nanyang Commercial Bank Limited
- Shaghai Commercial Bank Limited
- Standard Chartered Bank (Hong Kong) Limited
- The Bank of East Asia Limited
- Wing Hang Bank Limited
- Wing Lung Bank Limited
Remark: All ATM cards or credit cards with ATM function issued by above member banks could perform EPS service.
[edit] Official website
[edit] See also
[edit] External links
- Official website (English) (traditional Chinese (HK)) (Chinese)
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