FPX Overview
Financial Process Exchange or FPX is an Internet based payment system/gateway which facilitates interbank transfer of funds from the Buyer to the Seller. The payment system also facilitates the transfer of funds on an offline batch mode.

The payment system/gateway was spearheaded by Bank Negara Malaysia and is managed by Malaysian Electronic Payment Systems (MEPS), a payment consortium which is wholly owned by local banks.

FPX Services

1. Business to Consumer (B2C) / Business to Business (B2B) Payment Model
   

   .	Designed to support e-commerce businesses which require realtime payment settlements.
   .	Facilitates online real-time transfer of funds from the Buyer to Seller to conclude e-commerce business transactions.
   .	Buyer must be an Internet Banking user of any one of the participating FPX member banks.
   .	Complements the business operations of companies/organisations/corporations/goverment agencies/exchange portals that manage its own web portal with storefront to sell its products and services which are targeted at businesses and consumers.

   
   
2. Collection Model
   

   .	Designed to function as an alternative collection channel for businesses which are not Internet based and dealing in high value/volume of collections whether on periodical or adhoc basis.
   .	Facilitates transfer of funds from Buyer to Seller on a batch mode (offline) based on a pre-approved application completed/executed by the Buyer.
   .	Buyer must maintain either a Savings or a Current Account with any one of the FPX member banks.
   .	Buyer must register for the service by completing the FPX Collection Model Application Form which will be made available by the Seller.
   .	Complements the business operations of companies/organisations/corporations/goverment agencies by offering alternative payment options to its Buyers for its product and services which are targeted at businesses and consumers.

FPX Value Proposition

1. From Buyer's perspective.....
   

   .	Convenient payment channel.
   .	Cost savings and hassle free.
   .	Prompt confirmation and notification on payment status.
   .	Offers a secured and reliable payment option to shop online for products and services.

   
   
2. From Seller's perspective .....
   

   .	Direct crediting of sales proceeds leading to effective cash management.
   .	Payment guarantee/assurance leading to higher productivity.
   .	Minimises payment related risks such as dishonoured cheques and Credit Card charge-backs.
   .	Reduces business operating costs.
   .	Prompt, reliable and secured confirmation and notification on payment status.
   .	Provides resourceful payment references to simplify reconciliation.
   .	Ability to reach wider Buyer base from the participating banks.

Participating Member Banks

Participating Merchants