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

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 (Unpublished)

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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.

Item Type: Conference or Workshop Item (Full Paper)
Additional Information: 6473/27228
Uncontrolled Keywords: Electronic commerce, electronic payment, Internet banking, accountability and enforceability; power of the Central Bank
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173.75 Islam and economics
H Social Sciences > HF Commerce
H Social Sciences > HG Finance > HG1501 Banking
K Law > K Law (General)
T Technology > T Technology (General) > T55.4 Industrial engineering.Management engineering. > T58.5 Information technology
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Depositing User: Dr Sonny Zulhuda
Date Deposited: 07 Dec 2012 09:01
Last Modified: 28 Jul 2015 11:44
URI: http://irep.iium.edu.my/id/eprint/27228

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