E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia

Electronic payment has emerged in the past decade as an alternative of payment system between business to business as well as when involving individuals. Electronic payment is made much easier and affordable today by the emergence of products and services offered by various parties including financi...

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Main Author: Zulhuda, Sonny
Format: Proceeding Paper
Language:English
Published: 2012
Subjects:
Online Access:http://irep.iium.edu.my/27228/
http://irep.iium.edu.my/27228/1/E-payment_Gateway_and_Internet_Banking_System_UNISSULA_2012.pdf
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author Zulhuda, Sonny
author_facet Zulhuda, Sonny
author_sort Zulhuda, Sonny
building IIUM Repository
collection Online Access
description Electronic payment has emerged in the past decade as an alternative of payment system between business to business as well as when involving individuals. Electronic payment is made much easier and affordable today by the emergence of products and services offered by various parties including financial institutions and web-based online portals. There is a need to relook at the provision of legal basis for such services and products in order to ensure all the interests of the users (in both ends) are legally and effectively protected. This paper looks at the legal basis of e-payment gateway and Internet banking services in Malaysia, in particular on the primary legislation on e-payment services in the form of the Payment Services Act 2003.
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spelling iium-272282015-07-28T03:44:50Z http://irep.iium.edu.my/27228/ E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia Zulhuda, Sonny BP173.75 Islam and economics HF Commerce HG1501 Banking K Law (General) T58.5 Information technology Electronic payment has emerged in the past decade as an alternative of payment system between business to business as well as when involving individuals. Electronic payment is made much easier and affordable today by the emergence of products and services offered by various parties including financial institutions and web-based online portals. There is a need to relook at the provision of legal basis for such services and products in order to ensure all the interests of the users (in both ends) are legally and effectively protected. This paper looks at the legal basis of e-payment gateway and Internet banking services in Malaysia, in particular on the primary legislation on e-payment services in the form of the Payment Services Act 2003. 2012 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/27228/1/E-payment_Gateway_and_Internet_Banking_System_UNISSULA_2012.pdf Zulhuda, Sonny (2012) E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia. In: International Conference on Payment Gateway and Internet Banking System in Islamic and Universal Economic Legal System Perspectives, 12-14 June 2012, Semarang. (Unpublished)
spellingShingle BP173.75 Islam and economics
HF Commerce
HG1501 Banking
K Law (General)
T58.5 Information technology
Zulhuda, Sonny
E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia
title E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia
title_full E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia
title_fullStr E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia
title_full_unstemmed E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia
title_short E-Payment gateway and Internet banking system as modern business instrument and its legal basis in Malaysia
title_sort e-payment gateway and internet banking system as modern business instrument and its legal basis in malaysia
topic BP173.75 Islam and economics
HF Commerce
HG1501 Banking
K Law (General)
T58.5 Information technology
url http://irep.iium.edu.my/27228/
http://irep.iium.edu.my/27228/1/E-payment_Gateway_and_Internet_Banking_System_UNISSULA_2012.pdf