Electronic Payment Services (), commonly known as EPS, is an electronic payment system based in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...

, and with limited acceptance in

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major Sub-provincial division, sub-provincial city and one of the Special economic zones of China, special economic zones of China. The city is located on the east bank of the Pea ...

since it began operations in 1985. The service is provided by EPS Company (Hong Kong) Limited with currently over 30,000 acceptance locations.

System

In each retail location, a terminal is installed and is usually connected to the

POS POS, Pos or PoS may refer to: Linguistics * Part of speech, the role that a word or phrase plays in a sentence * Poverty of the stimulus, a linguistic term used in language acquisition and development * Sayula Popoluca (ISO 639-3), an indigenous l ...

system of the retailer. The terminal may also be independently connected to banks through the public phone system. Transactions approved before the cut-off time are batched into a payment made directly to the retailer's account by the end of the business day.

Service

ATM card payment

EPS entails the simple use of an ATM card or a credit card with ATM capability issued by a member bank of the EPS, acting as a debit card. No application for the service is required. The EPS device is a dual-unit device consisting of a removable card processor and a stationary base that serves as a charger and data link. Some retailers may use an integrated machine. In such situations, the customer inserts the card into the machine directly and waits for the retailer's acknowledgement before proceeding to the rest of the steps.

EasyCash service

EasyCash () allows card holders to withdraw cash at over 1,200 locations in Hong Kong upon a regular purchase by EPS. The cash withdrawal amount must be in units of $100, up to $500. EPS EasyCash service is a kind of cashback service. EPS EasyCash service is available at Hong Kong based chain stores such as Gourmet, Great,

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, Mannings, MarketPlace, Massimo Dutti, Circle K, Oliver's, Parknshop, Taste, ThreeSixty, Vango, China Resources Vanguard (CRV), V'ole and

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PPS

PPS () is a service which allows card holders to pay bills using the phone or the internet. To use the service, the card holder must swipe the ATM card or the credit card with ATM capability through a PPS terminal to create an account. Afterwards, the account may be used to pay bills either through the PPS hotline, website or the mobile application.

Members

* Bank of China (Hong Kong) Limited *

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, HK Branch *

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* China Merchants Bank Company Limited * Chiyu Banking Corporation Limited *

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* China CITIC Bank International Limited *

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(HSBC) * ICBC (Asia) *Mevas Bank Limited * Nanyang Commercial Bank Limited * Shanghai Commercial Bank Limited * Standard Chartered Bank (Hong Kong) Limited * The Bank of East Asia Limited * OCBC Wing Hang Bank Limited * CMB Wing Lung Bank Limited

References

External links

Official website
{{Interbank networks Financial services companies established in 1984 Financial services companies of Hong Kong Payment systems Interbank networks