Soon, bankislam.biz users can enjoy the multi-bank Internet based online payment.

Currently, the participating banks are Public Bank Berhad, Bumiputra Commerce Bank Berhad, Bank Islam Malaysia Berhad and Deutsche Bank.

What is Financial Process Exchange?

Financial Process Exchange (FPX) is a service that offers the participating members, a national online payment gateway for any B2B or B2C transaction.

FPX is jointly developed with Financial Institutions and is owned by MEPS. This system is an Internet-based payment hub, switching and routing payment transaction requests from buyers to sellers. FPX payment transactions are processed on-line real time – immediate debit to buyer’s account and immediate credit to seller’s account. Bank Islam as Acquiring Bank, Seller’s Bank and Buyer’s Bank.

What are the benefits of FPX to you?

Convenient payment at any time and from any location. Cost savings by reducing cheque payments . Prompt confirmation and notification of payment status. Able to make transactions to wider seller-base from participating banks and market-place.

Who are the participating merchants?

and more to be on board soon, remember to logon to bankislam.biz for more info..