Electronic Payment Services
Encyclopedia
Electronic Payment Services (Chinese:
易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong
, Macau
and Shenzhen
starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. Currently there are over 25,000 acceptance locations.
system of retailer. The terminal can also connect to banks through the public phone system.
The operation of the system is easy. The retailer swipes a customer's ATM card
in the terminal and keys in the payment amount. The cardholder then selects the appropriate bank account and keys in the PIN
. After successful connection to the bank, a receipt will be printed for the customer and the retailer. Some automatic terminals require the cardholder to insert his or her ATM card into a terminal machine rather than have the merchant swipe the card.
Payment for each transaction is directly transferred from the payer's bank account to receiver's.
Consumer simply presents the ATM card to the cashier. Cashier swipes consumer's card and enter the transaction amount. Consumer confirm the amount by inputting ATM card PIN
. EPS receipts are printed with "ACCEPTED" for successful transaction.
service.
EPS EasyCash service is currently available at chain store of Gourmet, Great, IKEA
, Mannings
, MarketPlace, Massimo Dutti, Circle K
, Oliver's, Parknshop
, Taste, Threesizty, Vango, China Resources Vanguard (CRV), V'ole and Wellcome
in Hong Kong.
Remark: All ATM cards or credit cards with ATM function issued by above member banks could perform EPS service.
Chinese language
The Chinese language is a language or language family consisting of varieties which are mutually intelligible to varying degrees. Originally the indigenous languages spoken by the Han Chinese in China, it forms one of the branches of Sino-Tibetan family of languages...
易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Macau
Macau
Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...
and Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. Currently there are over 25,000 acceptance locations.
Provider
Established in 1984, EPS Company (Hong Kong) Limited (formerly Electronic Payment Services Company) is currently a consortium of 21 major banks in Hong Kong.System
In each retail location, a terminal is installed and is usually connected to a POSPoint of sale
Point of sale or checkout is the location where a transaction occurs...
system of retailer. The terminal can also connect to banks through the public phone system.
The operation of the system is easy. The retailer swipes a customer's ATM card
ATM card
An ATM card is a card issued by a bank, credit union or building society that can be used at an ATM for deposits, withdrawals, account information, and other types of transactions, often through interbank networks.Some ATM cards can also be used:* at a branch, as identification for in-person...
in the terminal and keys in the payment amount. The cardholder then selects the appropriate bank account and keys in the PIN
Personal identification number
A personal identification number is a secret numeric password shared between a user and a system that can be used to authenticate the user to the system. Typically, the user is required to provide a non-confidential user identifier or token and a confidential PIN to gain access to the system...
. After successful connection to the bank, a receipt will be printed for the customer and the retailer. Some automatic terminals require the cardholder to insert his or her ATM card into a terminal machine rather than have the merchant swipe the card.
Payment for each transaction is directly transferred from the payer's bank account to receiver's.
EPS service
EPS (易辦事) is simple use of ATM card or credit card with ATM function, no application of service is required. All ATM cards or credit cards with ATM function issued by EPS Company member banks could perform EPS function.Consumer simply presents the ATM card to the cashier. Cashier swipes consumer's card and enter the transaction amount. Consumer confirm the amount by inputting ATM card PIN
Personal identification number
A personal identification number is a secret numeric password shared between a user and a system that can be used to authenticate the user to the system. Typically, the user is required to provide a non-confidential user identifier or token and a confidential PIN to gain access to the system...
. EPS receipts are printed with "ACCEPTED" for successful transaction.
EPS EasyCash service
With EPS EasyCash (提款易) , consumer can withdraw cash at over 1,200 locations in Hong Kong upon purchase with EPS. The cash withdrawal amount can be in multiples of HK$100, at a maximum of HK$500. EPS EasyCash service is also commonly known as CashbackCashback
Cashback may refer to:* Cashback website, a site where customers can earn cash rebates on online purchases that they make* Debit card cashback, cash that shoppers receive along with their goods when paying by debit card...
service.
EPS EasyCash service is currently available at chain store of Gourmet, Great, IKEA
IKEA
IKEA is a privately held, international home products company that designs and sells ready-to-assemble furniture such as beds and desks, appliances and home accessories. The company is the world's largest furniture retailer...
, Mannings
Mannings
Mannings or Guardian is a chain of personal health and beauty retailer offering comprehensive range of pharmacies, healthcare, personal care, skin care and baby care products. It is wholly owned by Dairy Farm International Holdings.-External links:* * *...
, MarketPlace, Massimo Dutti, Circle K
Circle K
Circle K is an international chain of convenience stores, founded in 1951, in El Paso, Texas, United States. It is owned and operated by the Canadian-based Alimentation Couche-Tard.-Overview:...
, Oliver's, Parknshop
PARKnSHOP
PARKnSHOP is one of the two largest supermarket chains in Hong Kong, the other being Wellcome. PARKnSHOP operates more than 260 outlets in Hong Kong, Macau, and Mainland China....
, Taste, Threesizty, Vango, China Resources Vanguard (CRV), V'ole and Wellcome
Wellcome
Wellcome is a supermarket chain owned by Jardine Matheson Holdings via its Dairy Farm subsidiary. The Wellcome supermarket chain is one of the two largest supermarket chains in Hong Kong, the other being PARKnSHOP. Wellcome also operates supermarkets in Taiwan under the Wellcome name...
in Hong Kong.
EPS Company Member Bank List
- Bank of China (Hong Kong) Limited
- Bank of CommunicationsBank of CommunicationsBank of Communications Limited , founded in 1908, is one of the largest banks in China.-Before 1949:The Bank of Communications was founded in 1908 and emerged as one of the first few major national and note-issuing banks in the early days of the Republic of China...
, HK Branch - China Construction Bank (Asia)
- China Merchants BankChina Merchants BankChina Merchants Bank is a bank headquartered in Shenzhen, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities.CMB has over five hundred branches in mainland China and one in Hong Kong...
Company Limited - Chiyu Banking Corporation Limited
- Chong Hing Bank Limited
- Citibank (Hong Kong) Limited
- Citic Ka Wah Bank Limited
- Dah Sing Bank LimitedDah Sing Bank LimitedDah Sing Bank is a bank based in Hong Kong with around 70 branches in Hong Kong, Macau and China. It was established in 1947.The bank is the major subsidiary of Dah Sing Banking Group Limited, which also owns MEVAS Bank, Banco Comercial de Macau and Dah Sing Bank Limited.A majority share in Dah...
- DBS Bank (Hong Kong) Limited
- Fubon Bank (Hong Kong) Limited
- Hang Seng Bank Limited
- The Hongkong and Shanghai Banking Corporation (HSBC)
- ICBC (Asia)
- Mevas Bank Limited
- Nanyang Commercial BankNanyang Commercial BankNanyang Commercial Bank is a bank based in Hong Kong and a wholly owned subsidiary of Bank of China , with 41 branches. NCB primarily focuses on corporate customers, in particular trading companies. However, since 2007 it has also taken over all of BOCHK's mainland business as well....
Limited - Shaghai Commercial Bank Limited
- Standard Chartered Bank (Hong Kong) Limited
- The Bank of East Asia Limited
- Wing Hang Bank Limited
- Wing Lung Bank Limited
Remark: All ATM cards or credit cards with ATM function issued by above member banks could perform EPS service.