1. Across all banks in Malaysia that are involved in acquisition business, the minimum merchant discount is 1.5 per cent while 5 per cent is the maximum. Merchant discount varies from banks to banks and some banks have different tiers of merchant discount for their clients.
2. EMV chip migration began in 2003.
3. Chan, C. T. (2006) ‘Credit card fraud at a low’, The Star, 1 February.
4. Johnston, K. (2007) ‘The transactions demand for credit cards’, The B.E Journal of Economic Analysis and Policy, Vol. 7, No. 1 (Topics), Article 16.
5. Jin, R. and Devaney, S. (2005) ‘Determinants of debit card use: A study from the consumers' perspective’, Consumer Interests Annual, Vol. 51, pp. 52–64.