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The card is also known as Bankcard, a card with multiple functions. There are three main functions that can be used, namely ATM (with various combinations of banking transactions), e-debit (online purchase payment) transactions at participating merchants and MEPS Cash (a stored-value card that can be used to pay at participating merchants).
A decrease to the bank's liability account is a debit. From the bank's point of view, when a credit card is used to pay a merchant, the payment causes an increase in the amount of money the bank is owed by the cardholder. From the bank's point of view, your credit card account is the bank's asset. An increase to the bank's asset account is a debit.
ING Bank NV (Labuan Branch) The Mega International Commercial Bank (Labuan Branch) J.P. Morgan Malaysia Ltd (Labuan) J.P. Morgan Chase Bank National Association (Labuan Branch) KBC Bank NV (Labuan Branch) Kuwait Finance House Labuan Berhad (Labuan Branch) Lloyds TSB Bank PLC (Labuan Branch) Middle East Investment Bank LTD.
Citigroup Transaction Services (M) Sdn Bhd [ 3] Citibank Berhad is a licensed commercial bank [ 1] operating in Malaysia with its headquarters in Jalan Ampang, Kuala Lumpur. [ 2][ 7] Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited, commencing its banking operations in Malaysia since 1959. [ 8]
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A Card Verification Value (CVV), also called a security code, is the three-digit number located on the back of your credit card near the signature box, typically under the magnetic strip. If you ...
EFTPOS. Electronic Funds Transfer at Point Of Sale, abbreviated as EFTPOS; ( / ˈɛf ( t) pɒs /) is the technical term referring to a type of payment transaction where electronic funds transfers ( EFT) are processed at a point of sale ( POS) system or payment terminal usually via payment methods such as payment cards ( debit cards, credit ...
Instead of transmitting financial data over the internet, the transaction used a token placeholder that was then converted by the financial institution to initiate the Automated Clearing House (ACH), gift card, private label charge card or other type of payment and charge the consumer. [4]