Electronic Payment Services (), commonly known as EPS, is an

electronic payment system An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become incre ...

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 List of cities in China, city and Special administrative regions of China, special ...

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 city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern provi ...

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 ...

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 An ATM card is a payment card or dedicated payment card issued by a financial institution (i.e. a bank) which enables a customer to access their financial accounts via its and others' automated teller machines (ATMs) and to make approved point of ...

or a credit card with ATM capability issued by a member bank of the EPS, acting as a

debit card A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a credit card, but ...

. 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,

IKEA IKEA (; ) is a Dutch multinational conglomerate based in the Netherlands that designs and sells , kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by Ingvar Kamprad, IKEA has been ...

, Mannings, MarketPlace, Massimo Dutti,

Circle K Circle K Stores, Inc. is a Canadian chain of convenience stores headquartered in Laval, Quebec, Canada. It is owned by the multinational company Couche-Tard. Founded in 1951 in El Paso, Texas, the company filed for bankruptcy protection in ...

, Oliver's, Parknshop, Taste, ThreeSixty, Vango,

China Resources Vanguard China Resources Vanguard, doing business as China Resources Vanguard Shop or Vanguard (), operates the supermarket chains of China Resources. It is the third-largest supermarket chain in Hong Kong. As of 31 December 2014, there are 4866 shops ...

(CRV), V'ole and

Wellcome Wellcome () is a supermarket chain owned by British conglomerate Jardine Matheson Holdings via its DFI Retail Group subsidiary. The Wellcome supermarket chain is one of the two largest supermarket chains in Hong Kong, the other being Park ...

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 *

Bank of Communications Bank of Communications Limited (BoComm) (; often abbreviated as ), is the fifth-largest bank in mainland China. Established in 1908, the Bank of Communications claims a long history in China and is one of the banks to have issued banknotes in m ...

, HK Branch *

China Construction Bank (Asia) China Construction Bank (Asia) Corporation Limited (Traditional Chinese: 中國建設銀行(亞洲)股份有限公司) is a licensed bank incorporated in Hong Kong. History The Bank has over 100 years of history in Hong Kong, when its predecessor ...

* China Merchants Bank Company Limited * Chiyu Banking Corporation Limited * Chong Hing Bank Limited * Citibank (Hong Kong) Limited * China CITIC Bank International Limited * Dah Sing Bank Limited *

DBS Bank (Hong Kong) Limited DBS Bank (Hong Kong) Limited () is a licensed bank incorporated in Hong Kong. It is a subsidiary of DBS Bank headquartered in Singapore and it is also the seventh-largest bank in Hong Kong by total assets. History In 1999, DBS Bank acquired Kw ...

Fubon Bank (Hong Kong) Limited Fubon Bank (Hong Kong) Limited ("Fubon Bank") is a Hong Kong based bank that is a wholly owned subsidiary of Fubon Financial Holding Co. ("Fubon Financial Holdings"), one of the largest financial holding companies in Taiwan. Fubon Bank (Hon ...

Hang Seng Bank Limited Hang Seng Bank Limited () is a Hong Kong-based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group, ...

The Hongkong and Shanghai Banking Corporation The Hongkong and Shanghai Banking Corporation Limited (), commonly known as HSBC (), was the parent entity of the multinational HSBC banking group until 1991, and is now its Hong Kong-based Asia-Pacific subsidiary. The largest bank in Hong K ...

(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