JomPAY Terms & Conditions

In this Payer Terms, "You", "Yours" means any person or entity using the JomPAY services and having an account with us as our customer, unless otherwise stated. "We", "us" or "our" will refer collectively as CIMB Bank Berhad (Company No.13491-P) or CIMB Islamic Bank Berhad (Company No. 671380-H) (whichever is applicable) which is the Bank that is providing financial services to you.

1. PAYMENTS

  • 1.1 We will process payment to Biller in accordance with your Payment Instructions based on the following timeline:
    Date of Payment Instruction Time of Payment Instruction Fund Available at Biller Bank
    Business Day (Monday - Friday) Before 5.00am By 11.00am Same Day
    5.01am to 8.00am By 2.00pm Same Day
    8.01am to 11.00am By 5.00pm Same Day
    11.01am to 2.00pm By 8.20pm Same Day
    2.01pm to 5.00pm By 11.00pm Same Day
    After 5.00pm By 11.00am, next business day
    Non Business Day Anytime By 11.00am, next business day
  • 1.2 We will not accept orders to stop Payment Instructions once you have instructed us to make the Payment Instructions except when:
    • 1.2.1 we have reasonably concluded that the Payment Instructions were fraudulent or unauthorised; or
    • 1.2.2 the Payment Instructions are future dated payments that we have not transmitted to IBG.
  • 1.3 You should notify us immediately if you become aware that you have made a mistake (except for underpayment) when instructing us to make a payment, OR if you did not authorise a payment that has been made from your account. Recovery of funds for such payments shall be described in Clause 2.
  • 1.4 In the event of an underpayment, you may make another payment for the difference of the said amount.
  • 1.5 We will notify you the status of the Payment Instructions including the reasons of rejected or failed "Payer not-present" Payment Instructions. However you have the option not to receive these notifications upon request.

2. RECOVERY OF FUNDS AND LIABILITY FOR PAYMENTS

  • 2.1 We will rectify Mistaken Payment Instruction made by you according to the terms and conditions herein, provided the following conditions are satisfied:
    • (a) you immediately inform us that you become aware of any delays or mistakes in processing Payment(s); and
    • (b) we are satisfied that Mistaken Payment Instruction has occurred.
  • 2.2 Subject to Clause 2.1, we will attempt to rectify any such matters in relation to Mistaken Payment Instructions made by you, in the way described in this clause:
    • (a) For misdirected payments, duplicated payments or incorrect Biller Code or incorrect RRN, we shall submit a request to recover funds to the Biller Bank that received the erroneous funds;
    • (b) Upon our satisfaction that the error for incorrect amount payment is caused by the Biller, we shall carry out a Reversal to your account and submit a request to recover funds to the Biller Bank of the Biller for the error;
    • (c) For payment that is not completed or failed at our end, we shall credit back the amount of the failed payment into your account upon our satisfaction that the Payment Instruction failed and was not duly processed at our end;
    • (d) For payment that is not completed or failed at the Scheme Operator's end or the Biller Bank's end, we shall credit back the amount of the failed payment to you into your account before initiating a recovery of funds request.
  • 2.3 Recovery of funds requests made on your behalf for Mistaken Payments mentioned in Clause 2.2 or Erroneous Payments shall be processed in accordance with Clause 3.Subject to Clause 3, we will work with the Affected Participant to request and recover the funds on your behalf.
  • 2.4 All enquiries or complaints raised by you regarding Mistaken Payment Instruction shall be resolved no later than fourteen (14) Business Days. All enquiries and complaints received after 5pm on a Business Day would be deemed received at the start of the next Business Day.
  • 2.5 We are entitled to debit your account (for recovery of funds), in the event we did not debit your account after Payment Instruction has been properly and successfully executed.
  • 2.6 Subject to Clause 3 herein (for requests of funds made by Payer Bank) we are entitled to debit your account for funds credited into your account due to the following payments made by persons other than you :
    • (a) Mistaken Payment Instructions;
    • (b) Erroneous Payment Instruction;
    • (c) Unauthorised Payment Instruction; and
    • (d) Fraudulent Payment Instruction;

3. ERRONEOUS PAYMENT INSTRUCTION/MISTAKEN PAYMENT INSTRUCTION

  • 3.1 You may request for recovery of funds that were incorrectly transferred to Affected Bank Customer who is a non-Biller in the following manner:
    • 3.1.1 Recovery of funds wrongly credited to Affected Bank Customer who is not a Biller, of which request is received within twenty one (21) Business Days from date of Erroneous Payment Instruction/Mistaken Payment Instruction, we shall proceed with the recovery of funds and remit the funds into your account within one (1) Business Days, if the following conditions are met:
      • 3.1.1.1 The Affected Participant is fully satisfied that funds were erroneously credited to the Affected Bank Customer's account;
      • 3.1.1.2 There is sufficient balance in the affected account; and
      • 3.1.1.3 There is no evidence that the Affected Bank Customer is entitled to the funds in question.
  • 3.1.2 Recovery of funds wrongly credited to Affected Bank Customer who is not a Biller, of which request is received between twenty two (22) Business Days and seven (7) months from date of Erroneous Payment Instruction/Mistaken Payment Instruction, we shall proceed with the recovery of funds and remit the funds into your account within fifteen (15) Business Days, if the following conditions are met:
    • 3.1.2.1 The Affected Participant is fully satisfied that funds were erroneously credited to the Affected Bank Customer's account; and
    • 3.1.2.2 There is sufficient balance in the Affected Bank Customer's account;
    • 3.1.2.3 There is no evidence that the Affected Bank Customer is entitled to the funds in question.
  • 3.1.3 Recovery of funds wrongly credited to Affected Bank Customer who is not a Biller, of which request is received after seven (7) months from date of Erroneous Payment Instruction/Mistaken Payment Instruction; we shall proceed with the recovery of funds and remit the funds into your account within fifteen (15) Business Days, if the following conditions are met:
    • 3.1.3.1 The Affected Participant is fully satisfied that funds were erroneously credited to the Affected Bank Customer's account; and
    • 3.1.3.2 There is no evidence that the Affected Bank Customer is entitled to the funds in question; and
    • 3.1.3.3 The Affected Bank Customer has given its consent for us to debit their account.
  • 3.2 You may request for recovery of funds that were incorrectly transferred to Affected Bank Customer who is a Biller in the following manner:
    • 3.2.1 Subject to Clause 3.2.2, if the request is received within twenty one (21) Business Days from date of Erroneous Payment Instruction/Mistaken Payment Instruction, we shall proceed with the recovery of funds and remit the funds into your account within one (1) Business Day: (a) If the Affected Participant is fully satisfied that funds were erroneously credited to the Affected Biller; (b) The funds have been credited to the Affected Biller's account; (c) The Affected Biller has not acted on RTN; (d) The RTN has not been delivered to the Affected Biller; (e) There is sufficient balance in the Affected Biller's account to cover the recovery amount; and (f) The Affected Participant shall give written notification to the Affected Biller before debiting its account.
    • 3.2.2 If the funds have not been credited to the Affected Biller's account and that the Affected Biller has acted on RTN (has delivered goods or has provided services), the funds may not be fully recovered.
    • 3.2.3 Recovery of funds wrongly credited to Affected Bank Customer who is a Biller, of which request is received between twenty two (22) Business Days and seven (7) months from date of Erroneous Payment Instruction/Mistaken Payment Instruction, the recovery of funds shall be processed in accordance with Clause 3.1.2 herein.
    • 3.2.4 Recovery of funds wrongly credited to Affected Bank Customer who is a Biller, of which request is received after seven (7) months from date of Erroneous Payment Instruction/Mistaken Payment Instruction; the recovery of funds shall be processed in accordance with Clause 3.1.3 herein.
  • 3.3 Notwithstanding the aforesaid, if the funds for Erroneous Payment Instruction or Mistaken Payment Instruction cannot be recovered or fully recovered due to insufficient balance in the Affected Bank's Customer's account, it will be deemed an Unrecoverable Loss. For avoidance of doubt the party who is responsible for the error, caused the error, causing the incomplete or failed Payment is liable for the Unrecoverable Loss.
  • Unauthorised Payment Instruction and Fraudulent Payment Instruction
    3.4 We shall upon receiving report from you alleging that Unauthorised Payment Instruction was made, or upon becoming aware of Unauthorised Payment Instruction originating from us, remit the funds into your account within one (1) Business Day from date of receipt from the Biller, if the following conditions are met:
    • 3.4.1 we shall conduct an investigation and determine within fourteen (14) calendar days, if the Unauthorised Payment Instruction did occur;
    • 3.4.2 if we are satisfied that the Unauthorised Payment Instruction did indeed occur,we shall initiate a Reversal process whereby all debit posted to your account arising from the Unauthorised Payment Instruction would be reversed; and 3.4.3 the Biller Bank has not applied some or all the funds in question for the benefit of the beneficiary of fraud.
  • 3.5 For Fraudulent Payment Instruction, we shall upon receiving report from you alleging that Fraudulent Payment Instruction was made, or becoming aware of Fraudulent Payment Instruction originating from us, remit the funds into your account within one (1) Business Day from date of receipt from the Biller, if the following conditions are met:
    • 3.5.1 we shall conduct an investigation and determine within fourteen (14) Business Days, if the Fraudulent Payment Instruction did occur;
    • 3.5.2 if we are satisfied that the Fraudulent Payment Instruction occurred or fourteen (14) Business Days, has lapsed, we shall initiate a Reversal process whereby all debit posted to your account arising from the Fraudulent Payment Instruction would be reversed; and
    • 3.5.3 the Biller Bank has not applied some or all the funds in question for the benefit of the beneficiary of fraud.
  • 3.6 Notwithstanding the aforesaid, if the funds for Unauthorised Payment Instruction or Fraudulent Payment Instruction cannot be recovered or fully recovered, it will be deemed an Unrecoverable Loss.
  • 3.7 No charge back rights will be available under the Scheme and will not be applicable for Payments made using Cards.
  • 3.8 You shall indemnify us against any loss or damage suffered due to any claim,demand or action brought against us arising directly or indirectly from negligent and fraudulent acts in the Terms and Conditions by you.

4. BATCH PAYMENTS

  • 4.1 Subject to our agreement, you are allowed to do Batch Payment :
    • (a) You are making Batch Payment on your own behalf; or
    • (b) You are making Batch Payment on behalf of your related entities to discharge the entities' debts, or debts of the said entities to one or more Billers.
  • 4.2 You are allowed to do Batch Payment by debiting your payment account type selected held with us, as the case maybe.
  • 4.3 You warrant to us that :
    • (a) such Batch Payment is made on your own account as a Payer, or as Payer in the ordinary course of its business makes multiple payments on your own behalf, or on behalf of your related entities to discharge the entities' debts, or debts of the said entities to one or more Billers and not for the benefit of other person; and
    • (b) such Batch Payment is made not for the purpose of carrying on business of making payments through the Scheme using Batch Payment method.
  • 4.4 All other provisions of the Terms and Conditions also apply to Batch Payment.

5. PAYMENT QUERIES

  • 5.1 We shall, in good faith, attempt to settle all payment queries or disputes with you arising in connection with the JomPAY service amicably by mutual agreement.
  • 5.2 In the case of a dispute or conflict, you are entitled to seek recourse via the industry mediation and arbitration bodies such as the Financial Ombudsman Scheme.
  • 5.3 You also have the right to lodge a complaint with the Scheme Operator if there are allegations of our non-compliance to the JomPAY Scheme Rules. However, the Scheme Operator's review of such complaints shall be confined to:
    • 5.3.1 Determination whether there has been non-compliance;
    • 5.3.2 Stipulating remedies for Participants to correct or address the non-compliance; and
    • 5.3.3 Determination if penalties are applicable for the non-compliance
  • 5.4 All decisions rendered by the Scheme Operator in response to complaints from you shall be binding on us.

6. SUSPENSION

  • 6.1 We may suspend your right to use the Scheme at any time with notice under the following circumstances, which includes but not limited to:
    • (a) you are in breach of any Terms and Conditions, our Term of Access and/or CIMB Clicks Internet Banking Agreement ;
    • (b) you are suspected on reasonable grounds to be engaging in fraudulent activity in connection with the Scheme;
    • (c) any of your account(s) have been frozen or suspended; or
    • (d) your access to or use of CIMB Clicks has been suspended, terminated, withdrawn or restricted.

7. BILLER CANNOT PROCESS PAYMENT

  • 7.1 If we are informed that payment by you cannot be processed by a Biller, we will:
    • (a) Inform you about this; and
    • (b) Credit your account with the amount of the payment.

8. ACCOUNT RECORDS

  • 8.1 You must check its account and immediately report to us as soon as you are aware of any errors or of any payment(s) that you did not authorise or you think were made by someone else without your permission.

9. JomPAY

  • 9.1 We are Participant under the Scheme and we shall inform you if we are no longer a Participant. Notwithstanding the above, we reserve the right at any time and from time to time, with prior notice, withdraw from the Scheme without assigning any reason and you agree that we shall not be liable for any loss or damage which you may suffer as the result of our withdrawal as aforesaid.
  • 9.2 You must inform us the information required as specified in Clause 11, when informing to make a Payment Instruction and we will debit the amount as per your Payment Instruction.
  • 9.3 Procedures for using JomPAY via CIMB Clicks are as set out below:
    • (a) Login CIMB Clicks
    • (b) Select JomPAY Menu
    • (c) Enter the information required. i.e: Biller Code, Ref-1, Ref-2 (if any),
    • (d) Select account and enter amount
    • (e) Enter TAC (unless the biller has been saved as 'favourite biller' in CIMB Clicks)
  • 9.4 You acknowledge that in addition to the Terms and Conditions, any Payment Instruction is subject to terms and conditions applicable to the payment account type selected and the terms and conditions governing CIMB Clicks. In the event of any inconsistency between such other terms and conditions and the Terms and Conditions, the Terms and Conditions shall prevail and apply to the extent of such inconsistency.
  • 9.5 You acknowledge that the receipt by a Biller of a Mistaken Payment Instruction or Erroneous Payment Instruction does not or will not constitute under any circumstances part or whole satisfaction of any underlying debt owed between you and that Biller. You shall allow at least three (3) Business Days for receipt of payment by the Biller unless Biller opted for Real-Time Notification.
  • 9.7 You agree and accept that the limit of Payment shall be subject to the acceptance of the Biller.

10. VALID PAYMENT INSTRUCTION

  • 10.1 We will treat all Payment Instructions as valid and properly authorised and we are entitled to rely and act upon such Payment Instructions, without any obligation to verify and/or liability on the our part, to effect the Payments. 10.2 We shall not be liable for any fraudulent, conflicting or unauthorised Payment Instructions you have given or purportedly given. 10.3 Where we have reason to believe that any Payment Instruction may not have been properly authorised or that a breach of security has occured in relation to the use and access of CIMB Clicks, we reserve the right not to act, or to delay acting on such Payment Instruction without being liable to you.

11. INFORMATION REQUIRED

  • 11.1 The information that you must provide to us to instruct us make payment(s) is as follows: (a) Biller Code; (b) Ref-1; (c) Ref-2 (if stated in Payer's Bill); (d) Amount; (e) Payment account type; 11.2 You agree that you are solely responsible for the accuracy, correctness, authenticity and completeness of the information in Clause 11.1 and we are not obliged to effect a payment if you do not give us all information required or if any of the information given is inaccurate.

12. AMENDMENTS TO TERMS

  • 12.1 We reserve the right to change, add or delete the Terms and Conditions at any time by display at CIMB Clicks website and/or in any other manner as the Bank deems fit.
  • 12.2 As a result of any change we make, or for any other reason, you may at your option choose to no longer use the Scheme.

13. PAYMENT CUT-OFF TIME

  • 13.1 If you order Payment Instructions to a Biller before the Payment Cut-Off Time for the Business Day, the Biller is deemed to have received payment on the same Business Day. However, the payment may take longer to be credited to a Biller if Payer orders Payment Instructions after the Payment Cut-Off Time or on a Saturday, Sunday or a public holiday the Biller is deemed to have received Payment on the next Business Day.
  • 13.2 We shall, at the minimum, disclose the Payment Cut-Off Time to you at the banking channel where you are initiating the Payment Instruction, or otherwise ensure that the Payment Cut-Off Time is made known to you.

14. NON-LIABILITY AND INDEMNITY

  • 14.1 We are not liable for any indirect losses including loss of profit, exemplary losses or consequential loss or damage suffered by you as a result of using the Scheme. 14.2 You agree and undertake to indemnify and keep us fully indemnified and save us harmless at all times from and against all claims, liabilities, taxes, cost and expenses (including legal fees) whatsoever and howsoever brought against, sustained, suffered or incurred by us directly or indirectly arising from the Scheme or Payment Instructions unless the same is caused directly by our own gross negligence or willful misconduct of our obligation hereunder.

15. NOTICES

  • 15.1 Unless otherwise specified, all notices and communications by us in relation to JomPAY will be published on CIMB Clicks website by display on the screen at the latest announcement section of CIMB Clicks website and deemed effective upon the display being made.
  • 15.2 All notices and communications can be sent us by way of email to contactus@cimb.com and all such notices and communications from you shall take effect only upon us receiving the same. Alternatively, you may contact us at our Consumer Contact Centre at 603-6204 7788 (for consumer).

16. DISCLOSURE AND PERSONAL DATA PROTECTION

  • 16.1 You acknowledge that when you use the Scheme to make any Payment, without prejucide to our rights of disclosure under Clause 12 in CIMB Bank Internet Banking Agreement, we may disclose any of your information, affairs and/or accounts including information provided under Clause 11 to our related corporations, our and theirs officers, agents, professional advisors or auditors, Scheme Operator, Billers, Biller Banks and other Payer Banks, Bank Negara Malaysia or other regulatory authorities in or outside Malaysia without your further consent where we deem disclosure is necessary to give effect, complete, verify or restrict the Payment.
  • 16.2 You consent and authorise, and confirm your consent for us to: (a) be provided with your personal data and/or information required for our use in accordance with the Terms and Conditions; (b) carry out the necessary checks including but not limited to reference checks; and (c) disclose your information, affairs and/or accounts to the classes of parties described in CIMB Group Privacy Notice (which is available at www.cimbbank.com.my and www.cimbislamic.com), at our sole discretion, without further reference to you.
  • 16.3 You must notify us if any of the personal information you have provided is inaccurate, changes and you consent that the updated personal information is disclosed to all Participants in the Scheme, for the purpose of Clause 16.
  • 16.4 You acknowledge that if the personal data is not disclosed to the parties specified in Clauses 16.1 and 16.2, we will not be possible to process your Payment Instructions.

17. MISCELLANEOUS

  • 17.1 Severability. If any one or more provisions in the Terms and Conditions shall be invalid, void, illegal or unenforceable in any aspect by operation of law or otherwise, the validity, legality or enforceability of the remaining provisions shall not in any way whatsoever be affected or impaired thereby.
  • 17.2 Time. Time wherever mentioned shall be of the essence of the Terms and Conditions.
  • 17.3 Waiver. Knowledge or acquiescence by either party hereto of or in any breach of any terms, conditions or obligations herein shall not operate as or be deemed to be a waiver of such terms, conditions or obligations or any of them and notwithstanding such knowledge or acquiescence or indulgence each party shall be entitled to exercise its rights under the Terms and Conditions and to require strict performance by the other of the terms, conditions and obligations herein.
  • 17.4 Force Majeure. Neither party shall be liable in damages for any delay or default in performing hereunder if such delay or default is caused by conditions beyond its control including, but not limited to acts of God, sanctions, wars, riots, floods, earthquakes, government actions, disruption of electrical or power supply, insurrections and/or any other cause beyond the control of the party whose performance is affected.
  • 17.5 Complliance with Laws or Regulations. You agree that you shall comply with all laws or regulations in respect of the Scheme and you acknowledge that in complying with all relevant laws or regulations applicable to us, whether in Malaysia or other jurisdictions, we are entitled to take or omit taking any action in our sole and absolute discretion in order to ensure compliance with such laws or regulations.
  • 17.6 Set-Off and Debit. You agree that we shall be entitled to debit and/or set-off any amount due and payable by you in relation to the Scheme where there is insufficient amount in the payment account type selected and you agree and authorise us to consolidate or combine such other account(s) you maintained with us to debit and/or set-off such amount payable.
  • 17.7 Tax. If we are required to make any payment on account of tax or otherwise in relation to any Payment or any liability in respect of any such Payment is imposed, levied or assessed against us, in or outside Malaysia, you agree that you shall, to the extent that such payment or liability or a part thereof is in the our opinion referable to you, promptly indemnify us or pay us on our written demand against such payment or liability, together with any charges, penalty, cost or expense payable or incurred in connection therewith.

18. GOVERNING LAW

  • The Terms and Conditions shall be governed by and construed in accordance with laws of Malaysia, rules or regulations of Bank Negara Malaysia, PayNet and other bodies, association, authority or entity having rights or powers over the us.

19. DEFINITIONS AND INTERPRETATION

The following words have these meanings:-

Term Description
Affected BankCustomer A Customer whose bank account has been erroneously debited or credited due to erroneous or Fraudulent Payment Instructions caused by other Participants, Customers or PayNet.
Affected Biller A Biller that received erroneous or Fraudulent Payment Instructions and/or funds due to errors of other Participants,Customers or PayNet.
Affected Participant A Participant that received Erroneous or Fraudulent Payment Instructions and/or funds due to errors of other Participants,Customers or PayNet.
Bank A financial institution that is licensed under Financial Services Act2013, Islamic Financial Services Act 2013 and/or DevelopmentFinancial Institutions Act 2002.
Batch Payment Payments made to one or more Billers by grouping and bundling individual Payment Instruction(s) and collectively transmitting these Payment Instruction(s) at scheduled times
Bill An itemised statement of money owed, or a request to pay, for purchase goods, provision of services and/or any other business transaction.
Biller Government agencies, statutory bodies, sole proprietor orpartnership businesses, a company or an organisation, societies,charities participating in the Scheme to collect Bill payments.
Biller Bank A Participant appointed by a Biller to facilitate the Biller's collection of Bill payments via JomPAY.
Biller Code An alpha numeric code uniquely identifying either:
  • - a Biller; or
  • - a Biller's product or service category
for purposes of routing Payments to the Biller.
CIMB Clicks An online internet banking services provided by the Payer Bank from time to time which may be accessed by the Payer to perform Payment via JomPAY
Business Day Any calendar day from Monday to Friday, except a public holiday or bank holiday in Kuala Lumpur.
CASA Current account and savings account.
Card Accounts Credit card account(s), charge card account(s) and prepaid card account(s).
Customer A term used to collectively refer to Billers, Payers and other clients of a Participant.
Erroneous Payment Instruction A Payment Instruction that is initiated wrongly or is incorrect as follows:
  • - Participants post erroneous entries to Billers'/Payers' bank accounts, or generate invalid, incorrect, misdirected or duplicated Payment Instructions on behalf of Billers'/Payers' due to technical errors or operational errors;
  • - Technical or operations errors at the Scheme Operator that results in incorrect or duplicated Payment Instructions; and
  • - Mistaken Payment Instruction which is directed to the wrong Billers/Payers, contains incorrect recipient reference numbers, carries the wrong amount, or is duplicated.
Fraudulent Payment Instruction A Payment which has been induced by dishonest or fraudulent means and which the Payer requests be refunded. It includes cases where a Payer makes a Payment as a result of a fraudulent invoice issued by a third party who purports to be a Biller (and is not in fact a Biller) or a third party who impersonates a Biller.
Interbank GIRO or IBG An interbank payment and funds transfer system that facilitates payments and collections via the exchange of digitized transactions between banks.
IBG Same Day Cut-Off Time The deadline on a Business Day whereby funds from a Payment Instruction:
  • - Initiated before this deadline would be credited on the same Business Day
  • - Initiated after this deadline would be credited on the next Business Day.
JomPAY Brand The brand, icon, logo and marks for the JomPAY Scheme.
Scheme Is a service offered by PayNet which facilitates industry wide ubiquitous Bill payments through the use of standard Biller Codes and Recipient Reference Numbers.
Mistaken Payment Instruction A payment that is made, or not made, to a person or for an amount which is not in accordance with a Payer's Payment Instructions or contains an error in the Payment Instructions from the Payer resulting in payments which:
  • - are directed to the wrong Customers
  • - contain incorrect Recipient Reference Numbers
  • - carry the wrong amount; or
  • - are duplicated.
Participant A Bank that is a member of the Scheme.
Payer Individuals, companies, body corporate, businesses (including sole proprietors and partnerships), government agencies, statutory bodies, societies, and other Bank customers that make payments to Billers using the Scheme.
Payer Bank A Participant in the Scheme who offers services that allow Payers to initiate Payment Instruction.
Payer-not-present Payer is not physically present during the transaction initiation process.
Payment Instruction or Payment An order from a Payer to its Payer Bank directing the Payer Bank to:
  • Draw funds from the Payer's bank account; and
  • Transmit an IBG entry to transfer funds to the Biller Bank to pay aBiller for a Bill.
PayNet Payment Network Malaysia Sdn Bhd (formerly known as MyClear or Malaysian Electronic Clearing Corporation Sdn Bhd).
Reversal means a transaction that :
  • a) is initiated by a Biller to cancel an Erroneous Payment Instruction;
  • b) may involve the making of a debit or credit adjustment to the account of the Payer to which the Erroneous Payment Instruction relates; and
  • c) may involve an adjustment to the bank account(s) of the Biller named in the Erroneous Payment Instruction, if funds from the Erroneous Payment Instruction has been applied to the bank account(s).
Scheme Operator or SO The owner and the operator of the JomPAY Scheme.
Real-time Notification or RTN A form of electronic message sent to a Biller to provide advance notice of incoming payment from a Payer once the Payer's bank account has been successfully debited for a Payment Instruction to the Biller.
Unauthorised Payment Instruction A payment made without the authority of the Payer who is purported to have given the Payment Instruction which initiated that payment (and from whose account that Payment was debited) or a Payment made by a Payer which is void for any reason other than fraud. It includes cases where the Payment has been made by a third party who has obtained unauthorised access to a Payer's account and makes unauthorised transactions from the Payer's account to make other payments. However, it does not include a Fraudulent Payment Instruction.
Unrecoverable Loss The portion of funds credited to the wrong party due to Erroneous Payments or Fraudulent Payments that cannot be retrieved after Participants have exhausted the recovery of funds process.
Register
Login