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Schedule 10 – DuitNow Online Banking/Wallet Payment Channel

SCHEDULE 10 – SPECIFIC TERMS AND CONDITIONS FOR DUITNOW ONLINE BANKING/WALLETS

 

The Merchant hereby acknowledges and agree that by entering into a contract/commercial agreement with Fiuu, the Merchant has undertaken the necessary risk assessment to mitigate any potential risks that may emerge in relation to the contract/commercial arrangement entered into with Fiuu. For the avoidance of doubt, the specific terms and conditions below shall be read together with the Agreement.

 

  1. Definitions

          1.1. The following terms are further defined for use under this Schedule 10 unless the context otherwise requires:

“Account” means an e-money account offered by issuers of e-money issuer and all types of banking accounts offered by banks, except for fixed deposit accounts. This shall include, but is not limited to, all types of conventional and/or Islamic deposit accounts, current accounts, virtual internet accounts, Islamic investment account. Additionally, means all line of credit accounts tied to payment cards where transaction is made.
“Crediting Participant” means Fiuu.
“Beneficiary of Fraud” means party who ultimately benefits from the unauthorized/fraudulent payment.
“Debiting Participant” means banks and e-money issuer participating in RPP where the Payer maintains Account(s)
“Payer” means individuals, companies, body corporates, businesses (including sole proprietors and

partnerships), government agencies, statutory bodies, societies and other Customers who transfers

funds via DuitNow Online Banking/Wallets service

“Recipient” means individual or government agencies, statutory bodies, companies, body corporates,

businesses, (including sole proprietors and partnerships) societies, charities and other entities who

receives funds via DuitNow Online Banking/Wallets service.

“DuitNow Brand” means Brand, icon, logo, trademark and service mark for the DuitNow Online

Banking/Wallets.

“Unrecoverable Loss” means portion of funds transferred and credited to the wrong party due to

erroneous/mistaken payments or unauthorized/fraudulent payments that cannot be retrieved after

Participants have exhausted the recovery of funds process

 

  1. DuitNow Online Banking/Wallets Service

          2.1. RMS is a Participant of the DuitNow Online Banking/Wallets service (hereinafter referred to as “the Crediting Participant”) and (Merchant is a registered Merchant under the DuitNow Online Banking/Wallets service.

          2.2. In consideration of the fees paid to the Crediting Participant, the Crediting Participant agrees to facilitate the participation of the Merchant in the DuitNow Online Banking/Wallets service in accordance with this Agreement.

          2.3. The Merchant hereby agrees to observe all the Overlay Service Procedures for DuitNow Online Banking/Wallets issued by the DuitNow Online Banking/Wallets Owner and Operator which is applicable to the Merchant as reflected in this Agreement including any future revisions which will be communicated by the Crediting Participant to the Merchant.

 

  1. Payment Type

          3.1. The Merchant shall accept payments that draw funds from CASA, e-money and/or Line of Credit Accounts.

 

  1. Obligations Of Merchant

         4.1. The Merchant shall, at all times comply with the Consumer Protection Act 1999, as the Merchant is prohibited to use misleading and deceptive conduct, false misrepresentation and unfair claims in selling their products or services.

         4.2. The Merchant shall not be involved or engaged in business activities that contravene the Laws of Malaysia.

         4.3. The Merchant is prohibited from re-selling or acquiring any other sub-merchant(s) into the DuitNow Online Banking/Wallets service or acting as merchant aggregators for other merchant(s), without the prior written consent of the DuitNow Online Banking/Wallets Owner and Operator and Crediting Participant.

         4.4. The Merchant must ensure that it has and maintains adequate procedures and systems for receiving and processing prompt payment confirmation received from RPP Host and promptly and correctly updates the payment status as well as to ensure that its obligations are fulfilled to the Payer’s satisfaction.

         4.5. The Merchant shall ensure that display of Participating Banks at the Merchant’s web portal and/or mobile application must be in accordance with the DuitNow Online Banking/Wallets integration guideline.

         4.6. The Merchant shall take all possible measures to ensure that Payers’ Internet and/or Mobile Banking security credentials used in the course of a transaction at the Merchant’s website and/or mobile application are always safeguarded and is never exposed to any other party except the relevant Debiting Participants:

                  4.6.1. The Merchant shall not intercept, capture or store Payers’ Internet and/or Mobile Banking security credentials;

                  4.6.2. The Merchant shall not facilitate or allow the interception, capturing or storage of Payers’ Internet and/or Banking security credentials; and

                  4.6.3.The Merchant shall not through its action or omission, risk the exposure of the Payers’ Internet and/or Mobile Banking security credentials to any party.

          4.7. The Merchant shall ensure the confidentiality, integrity and security of Payers’ information entered at the Merchant’s website and/or mobile application.

          4.8. The Merchant must not make any warranties or representations in respect of goods or services supplied which may bind the Crediting Participant, DuitNow Online Banking/Wallets Owner and Operator, Debiting Participant or any other Participants in the DuitNow Online Banking/Wallets service.

          4.9. The Merchant must establish and maintain a fair policy for resolving Payers’ disputes and/or claims.

          4.10. Merchant shall ensure that their use of and conduct within PayNet’s Developer Portal which includes Application Programming Interfaces (‘APIs’), a sandbox environment, tools, content and intellectual property rights is in accordance with the Terms of Use for the PayNet’s Developer Portal.

          4.11. The Merchant who has been granted a non-transferable license to use the DuitNow Brand shall not license or assign the said right to use to any other third party. The Merchant shall comply with the DuitNow Brand Guidelines at all times.

          4.12. For the purpose of Clause 4.11, the Merchant will be liable for any claims, damages and expenses arising out of or caused to arise from misuse or unauthorized usage of the DuitNow Brand. In the event of such breach, the Merchant sub- licensed rights of using the DuitNow Brand shall be revoked and ceased immediately, whereupon this Agreement shall be terminated accordingly. Upon termination, Clause 11.4 shall apply accordingly.

          4.13. The Merchant shall consent and allow the Crediting Participant to disclose its information to the DuitNow Online Banking/Wallets Owner and Operator, as may be reasonably required for the purpose of and in connection with providing the DuitNow Online Banking/Wallets service.

         4.14. The Merchant shall notify the Crediting Participant immediately if it becomes aware of any noncompliance or potential non-compliance of to this Agreement or the Overlay Service Procedures for DuitNow Online Banking/Wallets which is applicable to the Merchant as reflected in this Agreement.

          4.15. The Merchant shall ensure each transaction that is sent to DuitNow Online Banking/Wallets for processing has a unique payment reference number.

          4.16. The Merchant shall ensure that their customers are aware that payments can be made via DuitNow Online Banking/Wallets.

          4.17. Merchant shall raise awareness and promote the use of DuitNow Online Banking/Wallets through the Merchant’s websites, mobile application, and other means of communications.

          4.18. Clause 4.7, Clause 4.9 and Clause 4.12 herein shall survive termination of this Agreement. Termination does not affect either party’s rights accrued and obligations incurred before termination.

 

  1. Obligations Of Crediting Participant

          5.1. Upon receiving successful debit confirmation, Crediting Participant shall immediately credit and make funds available to the Merchant’s account, or in a manner as agreed upon by the Crediting Participant and Merchant.

          5.2. Crediting Participant must make payment in full to the Merchant and shall not deduct any fees from the payment proceeds due to a Merchant, except for situations where the Merchant has specifically agreed in writing that DuitNow Online Banking/Wallets fees shall be deducted from payment amount.

          5.3. Crediting Participant shall refund transaction fees to the Merchant if fees are incurred due to Payer’s disputes that are not caused by the Merchant. However, if the Merchant opts to partially refund overpayments to Payers, the Merchant shall bear the transaction fees for executing the refund.

          5.4. Crediting Participant shall implement reasonable measures to detect, mitigate, resolve and prevent fraudulent acts, actual and suspected.

 

  1. Goods and/or Services Delivery

          6.1. Upon receiving final payment confirmation from RPP Host, the Merchant shall immediately update the Payer’s payment and proceed to arrange for the delivery of the goods or services purchased by the Payer. Merchant is responsible to ensure that the goods or services purchased are rendered to the Payer within the duration as stated in the Merchant’s website and or mobile application.

 

  1. Fraud And Security

          7.1. Merchant shall implement all prudent safeguards and controls necessary to prevent, detect and mitigate fraud, as well as to protect their customers, services and transactions from fraud.

          7.2. Merchant shall also comply with all applicable laws of Malaysia in relation to fraud.

          7.3. In the interest of safeguarding the integrity of the DuitNow Online Banking/Wallets service, Merchant grant the DuitNow Online Banking/Wallets Owner and Operator and/or the Crediting Participant the absolute authority to direct Merchant to take any measure that the DuitNow Online Banking/Wallets Owner and Operator and/or thee Crediting Participant deems necessary to detect, mitigate, resolve and prevent fraudulent acts, actual and suspected. Merchant receiving such a directive shall promptly comply with the directive.

 

  1. Payer’s Disputes/Claims

          8.1. The Merchant shall assist the Crediting Participant with investigation related to Payer’s disputes and requests for refunds in accordance with the following process and timelines:

          8.2. If a valid request to recover funds was received by the Merchant within sixty (60) days of the Payer’s payments, the Merchant shall address the Payer’s disputes / claims to the Payer’s satisfaction.

                   8.2.1. Payers may submit requests for refunds to their Merchant for the following reasons after the payments have been made:

                             8.2.1.1. Goods or services purchased were not provided or rendered due to the Merchant’s non-performance or insolvency;

                             8.2.1.2. Goods purchased were damaged or defective;

                             8.2.1.3. Goods purchased not as described or as advertised by the Merchant;

                             8.2.1.4. Goods purchased were not genuine, counterfeit or fake; or

                             8.2.1.5. Payers’ bank accounts were erroneously debited multiple times for a single purchase or charged an incorrect amount by Merchant.

                  8.2.2. Upon receiving a request for refund, the Merchant shall respond to all requests for refunds within seven (7) Business Days of receipt. The Merchant shall ensure that the refund claims are addressed within the seven (7) Business Days timeframe.

          8.3. The Merchant may provide concrete evidence to contest the refund claim. Evidence may include proof of delivery, certification from suppliers on the authenticity of goods, or other documentation to demonstrate the Merchant’s performance of its obligations. If the Merchant is unable to furnish evidence within the timeframe specified in Clause 8.2.2 or the evidence does not conclusively refute the Payer’s refund claim, the Merchant is required to refund the purchase proceeds to the Payer within three (3) Business Days. Evidence furnished by a Merchant to refute a refund claim is deemed to be sufficient if both the Debiting Participant and the Counterparty are fully satisfied that the Merchant has adequately demonstrated that the Merchant has performed its obligations.

          8.4. If the Merchant is not able to adequately refute a refund claim in accordance with Clause 8.3, the Crediting Participant shall have the right to debit any of the Merchant’s account(s) maintained with the Crediting Participant for the recovery of the disputed sum either entirely or partially.

 

  1. Dispute Resolution

         9.1. Merchant shall have the right to refer their disputes to the DuitNow Online Banking/Wallets Owner and Operator if there is an allegation of the Crediting Participant’s non-compliance to the obligations set out in this Agreement and the Overlay Service Procedures. The DuitNow Online Banking/Wallets Owner and Operator will review such complaints and allegations, but such review will be confined to:

                  9.1.1. Determination whether there has been non-compliance by the Crediting Participant;

                  9.1.2. Stipulating remedies for the Crediting Participant to correct or address the noncompliance; and 9.1.3 Determination if penalties are applicable for the Crediting Participant’s noncompliance.

          9.2. All decisions rendered by DuitNow Online Banking/Wallets Owner and Operator in response to complaints from Merchant shall be binding on the Crediting Participant.

          9.3. Referring allegations of non-compliance to DuitNow Online Banking/Wallets Owner and Operator does not preclude the right of Merchant to take the dispute to the respective industry arbitration or mediation bodies.

 

  1. Indemnity

         10.1.  9.1 Subject to the Crediting Participant and Merchant’s (hereinafter referred to as “party” or “party’s”) compliance with Clause

                    9.3. each party (“Indemnifying Party”) agrees to indemnify and hold the   other party and its employees and agents harmless against any and all losses, expenses, claims, suits, demands, actions, and proceedings including all reasonable legal and other related fees or charges (“Liability”) which the other party may suffer or incur or for which the other party may become liable as a result of:

                   10.1.1. Any negligence, misrepresentation or fraud on the part of the indemnifying party, its employees, and agents with respect to the performance of its obligations or the exercise of any of its rights under this Agreement;

                   10.1.2. Any claim by a Payer, Crediting Participant, Debiting Participant, DuitNow Online Banking/Wallets Owner and Operator or any other person for any breach by the Indemnifying Party of any applicable laws;

                   10.1.3. The failure of the Indemnifying Party to observe any of its obligations under this Agreement; or

                   10.1.4. Any use of the DuitNow Brand by the Indemnifying Party other than as permitted by this Agreement.

                   10.1.5. Except to the extent that such liability arises or is incurred by the other party by reason of any act or omission on its part mentioned in Clause 10.1.1 to 10.1.4.

         10.2. In the event a claim is made against a party in respect of which it is entitled to be indemnified pursuant to Clause 9.1, that party must:

                  10.2.1. Give notice of any such claim to the other party;

                  10.2.2. Consult with the other party in relation to any such claim; and

                  10.2.3. Not to settle any claim without obtaining the prior written consent of the other, such consent not to be unreasonably withheld.

         10.3. The Crediting Participant is not liable to the Merchant for any loss or damage suffered by the Merchant as result of the delay or disruption caused by any system failure beyond the Crediting Participant’s reasonable control.

 

  1. Suspension & Termination

Suspension

          11.1. The DuitNow Online Banking/Wallets Owner and Operator or the Crediting Participant, as the case maybe, reserves the right to suspend the participation of the Merchant in the DuitNow Online Banking/Wallets service by giving notice in writing specifying the suspension date and any conditions applicable to the suspension, under the following circumstances:

                    11.1.1. DuitNow Online Banking/Wallets Owner and Operator or the Crediting Participant has determined that the Merchant breached this Agreement or any applicable rules, guidelines, regulations, circular or laws;

                    11.1.2. The Merchant fails to remedy the breach described in Clause 11.1.1 to the Crediting Participant’s satisfaction;

                    11.1.3. DuitNow Online Banking/Wallets Owner and Operator or the Crediting Participant has determined that the Merchant has inadequate operational controls or insufficient risk management processes, resulting in potential threats or risks to the stability, integrity, safety, security and efficiency of the DuitNow Online Banking/Wallets service;

                    11.1.4.Court order(s) affecting the Merchant’s membership in the DuitNow Online Banking/Wallets service and/or the legal status of the Merchant;

                    11.1.5. Directive(s) issued by regulatory or government authority affecting the Merchant’s membership in the DuitNow Online Banking/Wallets services and/or its legal status;

                    11.1.6. An application is made to the court either voluntarily or involuntarily for an order that the Merchant be wound up;

                    11.1.7. The Merchant is deemed unable to pay its debt and should be wound up under statutory laws;

                    11.1.8. The Merchant is suspected on reasonable grounds that it is facilitating, involved in, has committed or will commit fraudulent act(s) in connection with the DuitNow Online Banking/Wallets service;

                    11.1.9. The Crediting Participant has received complaints from other Merchant(s), other Crediting Participant(s), Debiting Participant or Payer that the Merchant is engaging in fraudulent activity in connection with the DuitNow Online Banking/Wallets service; or

                    11.1.10. The Merchant has been suspended from the DuitNow Online Banking/Wallets service by other Crediting Participant(s) due to breach of provisions of this Agreement or any applicable rules, guidelines, regulations, circular or law.

 

         11.2. Upon suspension of the Merchant in the DuitNow Online Banking/Wallets services:

                  11.2.1. The services provided will be suspended immediately;

                  11.2.2. The Merchant must take all reasonable steps to assist the Crediting Participant to notify each Payer affected by the action that the Merchant is no longer participating in the DuitNow Online Banking/Wallets service, in the form directed by the Crediting Participant;

                  11.2.3. The Merchant must cease all promotional and advertising that is related or can be perceived to be related to DuitNow Online Banking/Wallets service;

                  11.2.4. The Merchant must remove all DuitNow Brand from the Merchant’s marketing collaterals, channels and website; and

                 11.2.5. The Merchant must take all reasonable steps to comply with any directions of the Crediting Participant to minimize the impact on Payer of the suspension.

 

Termination

         11.3. DuitNow Online Banking/Wallets Owner and Operator or the Crediting Participant, as the case maybe, reserves the right to terminate the services provided under this Agreement or the DuitNow Online Banking/Wallets service under the following circumstances, which includes, but not limited to:

                  11.3.1. This Agreement between the Merchant and the Crediting Participant is terminated or expired;

                  11.3.2. The Crediting Participant or the DuitNow Online Banking/Wallets Owner and Operator has determined that the Merchant has breached this Agreement or any applicable rules, guidelines, regulations, circulars or laws;

                  11.3.3. The Merchant fails to remedy or take adequate steps to remedy its default under this Agreement to the satisfaction of the Crediting Participant or the DuitNow Online Banking/Wallets Owner and Operator, as the case maybe, within a time period as specified in the notice of the default given by the Crediting Participant;

                  11.3.4. The DuitNow Online Banking/Wallets Owner and Operator or the Crediting Participant has determined that the Merchant has inadequate operational controls or insufficient risk management process, resulting in potential threats or risks to the stability, integrity, safety, security and efficiency of the DuitNow Online Banking/Wallets service;

                 11.3.5. Court order(s) affecting the Merchant or the Crediting Participant(s) membership and/or legal status;

                 11.3.6. Directive(s) issued by regulatory or government authority affecting the Merchant or the Crediting Participant(s) membership and/or legal status;

                 11.3.7. An application is made to the court either voluntarily or involuntarily for an order that the Merchant be wound up;

                 11.3.8. The Merchant is deemed unable to pay its debt and should be wound up under statutory laws;

                 11.3.9. The Crediting Participant’s membership in the DuitNow Online Banking/Wallets service or RENTAS is terminated or suspended, and the Merchant has not appointed a replacement Crediting Participant; or

                 11.3.10. The DuitNow Online Banking/Wallets Owner and Operator has determined the Merchant is inactive or the Merchant is deemed inactive when there are no transactions for a period of twelve (12) consecutive months.

 

         11.4. Upon termination of this Agreement, the Merchant must undertake the following:

                11.4.1. Immediately advise its customers that they will no longer accept payment via DuitNow Online Banking/Wallets from the effective date of termination of the Merchant’s access to DuitNow Online Banking/Wallets service;

                11.4.2. Shall ensure that inflight transactions post-termination is completed i.e., goods are delivered to the Payer’s satisfaction;

                11.4.3. Cease all promotional and advertising that is related, or can be perceived to be related to the DuitNow Online Banking/Wallets service; and

                11.4.4. Remove all DuitNow Brand and Marks from the Merchant’s Payment Channels and websites.

         11.5. Upon termination of this Agreement, the participation of the Merchant in DuitNow Online Banking/Wallets service is automatically terminated.

         11.6. Termination of the Merchant in the DuitNow Online Banking/Wallets service shall not extinguish any outstanding right or liability arising under this Agreement or the terms in the Overlay Service Procedures for DuitNow Online Banking/Wallets which is applicable to the Merchant as reflected in this Agreement.

 

  1. Advertisement And Use Of Logo

          12.1. The DuitNow Online Banking/Wallets Owner and Operator owns all rights, titles and interest in the DuitNow Brand and the DuitNow Online Banking/Wallets Owner and Operator and/or the Crediting Participant may specify and may at any time amend the requirements relating to the use and/or display of the DuitNow Brand.

          12.2. The Merchant shall comply with the requirements, process and/or guidelines prescribed by the DuitNow Online Banking/Wallets Owner and Operator in using the DuitNow Brand.

          12.3. The Merchant must use the appropriate denotation or legend of trademark registration or ownership in connection with DuitNow Brand, as required or consented to by the DuitNow Online Banking/Wallets Owner and Operator and/or the Crediting Participant.

          12.4. The Merchant shall only use the DuitNow Brand for the sole purpose of publicizing, indicating and advertising that the Merchant accepts payments through the DuitNow Online Banking/Wallets service.

          12.5. The DuitNow Online Banking/Wallets Owner and Operator and/or the Crediting Participant have the right to direct the Merchant to make changes to their use of the DuitNow Brand to rectify any non-compliance or potential non-compliance.

          12.6. The DuitNow Online Banking/Wallets Owner and Operator may at any time, in its absolute discretion, direct a Merchant to cease using the DuitNow Brand where such use is in breach of this Agreement or the terms in the Overlay Service Procedures for DuitNow Online Banking/Wallets which is applicable to the Merchant as stipulated in this Agreement.

          12.7. The Merchant must not use the DuitNow Online Brand in such a way to create an impression that the goods or services offered by the Merchant are sponsored, produced, offered or sold by the owner of the DuitNow Brand. The Merchant must not adopt “DuitNow Online Banking/Wallets” or any other DuitNow Brand as any part of the name of its business or apply it to any goods or services offered for sale.

          12.8. In the event of termination of the Merchant’s access in DuitNow Online Banking/Wallets service, the Merchant’s sub-licensed use of the DuitNow Brand shall be automatically revoked on the day that the cessation of the Merchant’s access takes effect.

          12.9. The Merchant must immediately on becoming aware of any infringement or potential infringement of the DuitNow Brand, notify the Crediting Participant.

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