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Transcript of NETs
Founded by Singapore’s leading banks, DBS, Keppel Bank, OCBC, OUB, POSB, Tat Lee Bank and UOB in 1985
pioneering the concept of convenient, cashless payment
First national online debit system in Singapore and the most successful worldwide.
From the NETS Cashcard (stored-value payment) to electronic point-of-sales (NETS Debit) NETS is available at more than 15,000 merchants and across 35,000 points of access, including retail outlets, schools, government establishments and car parks.
Processing up to 700,000 transactions daily, NETS is trusted by millions of users everyday to process cashless payments. NETS has become an intrinsic part of Singapore’s landscape, an achievement that has been realised through the delivery of trusted and reliable products and services for over two decades.
Providing us with reliable and convenient payment and transaction processing service whenever we need it.
NETS empowers us to be in control of your own finances. Unlike credit cards, we will never get into debts as we are a smart NETS user who manages our finances and balances our life well. NETS allows us to experience life via simple means.
80 per cent of commercial car parks in Singapore accept payment by a NETS CashCard
eNETS NETs debit A nationwide infrastructure that enables consumers to make purchases at retail counters using their ATM cards.
Through NETS Debit, NETS is pioneering the way towards a more convenient, cash-free society.
Just three years ago, 55% of all transactions were cash; today, it is down to 40% NETs cashcard 6.5 million active cards in circulation
The NETS Cashcard is one of the most commonly accepted prepaid stored value card in Singapore.
Used extensively for retail purchases, traffic tolls for the Electronic Road Pricing System (ERP), and car park fees.
NETS CashCard serves as a convenient payment method for transactions ranging from as little as S$0.01 to S$500, eliminating the need to carry cash.
The stored value card can also be personalised with a photo or name on the NETS website.
NETS can tie the NETS CashCard to a bank account or credit card, initiating an auto top-up facility for cardholders and children or consumers who do not own a bank account. mNETS mNETS is a new service that NETS is offering on the mobile platform to benefit consumers and merchants.
The technology, which transforms an NFC-enabled phone into a mobile wallet, is known as Near Field Communications (NFC). Making a payment is as simple as tapping the NFC-enabled phone on a NETS FlashPay contactless reader.
A mobile wallet that is installed on the NFC-enabled phone stores “electronic cash” that is utilised for payment.
eNETS eNETS is the leading online payment gateway in Singapore, offering online credit card and direct debit products. It enables payment from all major International credit cards.
eNETS provides merchants with greater flexibility by accepting most major credit and charge cards. It also offers different front-end options, including a merchant’s own payment page, virtual terminal, and a customisable order and payment page for merchants that do not have a shopping cart.
eNETS also offers Direct Debit, which enables Internet Banking users to make payment from their bank account on a real-time basis. As no credit cards are involved, this product is useful for the youths who may not hold a credit card.
Currently, all users of DBS/POSB, UOB or Citibank Internet Banking can pay for goods and services via eNETS’ Direct Debit service. This translates to a coverage of more than 90% of all Internet Banking users in Singapore.
eNETS Pte Ltd, a wholly-owned subsidiary of NETS, has wholly owned subsidiaries in Malaysia, Hong Kong and Macau, which enable the company to serve regional customers. NETS wins its first Singapore Prestigious Brand Award in 2007 jointly organised by the Association of Small and Medium Enterprises (ASMA) and Lianhe Zaobao, the Singapore Prestige Brand Award (SPBA), the Award also serves as a yardstick for SMEs to benchmark their brand equity against their competitor
Following that,NETs wins the award for the second year running
NETS had since garnered 7 awards (2 Star, 1 Gold, 4 Silver) in the Excellent Service Awards (EXSA) in 2008 organised by Spring Singapore, the awards seek to develop service models for staff to emulate, create service champions and professionalise services. www. NETS .com.sg www.wikipedia.org www.yahoo.com www.google.com
Thank you for your kind attention. THE END
Yellow Ribbon Cause NETS, incorporated the Yellow Ribbon Project into its umbrella of adopted charities with a social vision of providing ex-offenders a second chance at life and become self sufficient.
Aims to help the less privileged in society by incorporating social entrepreneurship at the heart of its business, and making positive and tangible transformations to people’s lives.
As the local job market tightens up given the current economic condition, it is already an uphill task for normal people to seek employment with companies, let alone the Yellow Ribbon members who have a record.
NETS endeavors to provide them with an opportunity to get on-the-job-training and ultimately employment within the company. This will act as a pillar of hope for inmates and ex-offenders, and serve to encourage them in their rehabilitation.
NETS will help ex-offenders get a fresh start and begin life all over again with their families.
This gesture spells a new lease of life and will help them in their journey towards leading normal lives in the society.
Social Innovation Park Ltd (SIP), in partnership with NETS, had launched a special edition of NETS CashCards featuring original artworks by Pop and Talent Hub (PaTH) Talents on 25 October 2008.
NETS CashCards serves as a good motivation and affirms PaTH Talents of the unlimited possibilities ahead of them.
The public becomes more aware of these local talents,and it is a step closer to being a more inclusive society where every one's potential can be recognized and appreciated.
PaTH has amazing talents who deserve to be celebrated and appreciated.
There are tremendous potential from the people in Path and NETS can be the channel to promote their artworks to every corner of Singapore.
CCF is a non-profit organisation that aims to improve the quality of lives of children with cancer and their families through enhancing their emotional, social and medical well-being.
CCF has helped more than 1400 children and their families since 1996
NETS will take part in public education programmes to raise awareness about the illness and encourage active volunteerism amongst its staff members.
It will also assist in raising funds for children’s treatment and lend a hand to help ease the financial pinch that parents grapple with due to the steep cost of medical treatments.
NETS staff volunteers will devote their time to relieving the parents, who struggle to balance time at work, at home and at the centre as they attend to the well being of their sick child. They will raise awareness about the ailment, assist those children who have trailed behind in schoolwork while undergoing treatment and thus, make their transition back to their schools faster and easier. Community Services Yellow Ribbion Project
Children's Cancer Foundation
Social Innovation Park(SIP)
Social Innovation Park(SIP) Children's Cancer Foundation Background Community Service Done By: