UOBMUnited Overseas Bank (Malaysia)
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Notably, UOBM has been able to maintain its resilient profit track record, even amid the recent economic downturn.
Under the terms of the agreement FEDS Asia will provide UOBM with payment gateway and processing services, as well as First Ecom's Merchant Accounting and Reporting System (MARS) for an initial period of three years with automatic renewal thereafter.
As part of the integration process with UOBM, FEDS Asia has integrated its payment gateway technology with the Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS) system, the national electronic payment-processing platform for banks in Malaysia.