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E-Payment Gateway Service in Malaysia and the Analysis of its Legal Framework

Zulhuda, Sonny (2012) E-Payment Gateway Service in Malaysia and the Analysis of its Legal Framework. Australian Journal of Basic and Applied Sciences , 6 (11). pp. 233-238. ISSN 1991-8178

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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 framework of e-payment gateway services in Malaysia, in particular on the primary legislation on e-payment services in the form of the Payment Services Act 2003.

Item Type: Article (Journal)
Additional Information: 6473/28148
Uncontrolled Keywords: Electronic commerce, electronic payment, Internet banking, accountability and enforceability, power of the Central Bank
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > HG1501 Banking
K Law > K Law (General)
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: 15 Jan 2013 07:14
Last Modified: 03 Nov 2015 16:50
URI: http://irep.iium.edu.my/id/eprint/28148

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