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Electronic Payment Services

From Wikipedia, the free encyclopedia
Largest electronic payment system in Hong Kong, Macau and Shenzhen
This article is about electronic payment system in Hong Kong, Macau and Shenzhen. For Electronic Payment in General, seeE-commerce payment system.
Electronic Payment Services
EPS
Operating areaHong Kong
Members21
Founded1984
OwnerEPS Company (Hong Kong) Limited
Websitewww.eps.com.hk/eng/
Electronic Payment Services
Traditional Chinese易辦事
Simplified Chinese易办事
Jyutpingji6 baan6 si6
Transcriptions
Standard Mandarin
Hanyu PinyinYì bànshì
Yue: Cantonese
Jyutpingji6 baan6 si6

Electronic Payment Services (Chinese:易辦事), commonly known asEPS, is anelectronic payment system based inHong Kong, Macau, and with limited acceptance inShenzhen since it began operations in 1985. The service is provided byEPS Company (Hong Kong) Limited which currently has over 30,000 acceptance locations.

System

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In each retail location, a terminal is installed and is usually connected to thePOS system of the retailer. The terminal may also be independently connected to banks through the public phone system.

Transactions approved before the cut-off time are batched into a payment made directly to the retailer's account by the end of the business day.[1]

Service

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ATM card payment

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EPS entails the simple use of anATM card or a credit card with ATM capability issued by a member bank of the EPS, acting as adebit card. No application for the service is required.

The EPS device is a dual-unit device consisting of a removable card processor and a stationary base that serves as a charger and data link. Some retailers may use an integrated machine. In such situations, the customer inserts the card into the machine directly and waits for the retailer's acknowledgement before proceeding to the rest of the steps.

EasyCash service

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EasyCash (Chinese:提款易) allows card holders to withdraw cash at over 1,200 locations in Hong Kong upon a regular purchase by EPS. The cash withdrawal amount must be in units of $100, up to $500. EPS EasyCash service is a kind ofcashback service.

EPS EasyCash service is available at Hong Kong–based chain stores such as Gourmet, Great,IKEA,Mannings, MarketPlace, Massimo Dutti,Circle K, Oliver's,Parknshop, Taste, ThreeSixty, Vango,China Resources Vanguard (CRV), V'ole andWellcome.

PPS

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PPS (Chinese:繳費靈) is a service which allows card holders to pay bills using the phone or the internet. To use the service, the card holder must swipe the ATM card or the credit card with ATM capability through a PPS terminal to create an account. Afterwards, the account may be used to pay bills either through the PPS hotline, website or the mobile application.

Members

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See also

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References

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  1. ^"EPS Company (Hong Kong) Limited".www.eps.com.hk. Retrieved2016-08-20.

External links

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