An EFT Agreement is essential for businesses operating in Malaysia's electronic payment ecosystem. This document is used when establishing electronic fund transfer services between financial institutions, payment service providers, and their customers. The agreement ensures compliance with Malaysian regulations, including the Financial Services Act 2013, Payment Systems Act, and PDPA 2010. It covers critical aspects such as transaction processing, security measures, liability allocation, and dispute resolution procedures. The EFT Agreement is particularly important given Malaysia's growing digital economy and the increasing adoption of electronic payment methods.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the financial institution/service provider and the customer/merchant
2. Background: Context of the agreement and brief description of the EFT services to be provided
3. Definitions: Definitions of key terms used throughout the agreement, including technical and financial terms
4. Scope of Services: Detailed description of the EFT services, including types of transfers, processing times, and service limitations
5. Service Terms and Conditions: General terms governing the provision and use of EFT services
6. Security and Authentication: Security measures, authentication requirements, and procedures for secure transactions
7. Fees and Charges: Details of all applicable fees, charges, and payment terms
8. Rights and Obligations: Specific rights and responsibilities of both parties
9. Transaction Limits: Daily, monthly, or per-transaction limits for different types of transfers
10. Data Protection and Privacy: Compliance with PDPA 2010 and handling of personal information
11. Liability and Indemnification: Allocation of risks and responsibilities between parties
12. Dispute Resolution: Procedures for handling disputes and errors in transactions
13. Term and Termination: Duration of agreement and conditions for termination
14. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Additional Services: Include when offering supplementary services beyond basic EFT
2. International Transfers: Include when cross-border transfers are part of the service offering
3. Business Continuity: Include for high-volume or critical service agreements
4. Marketing and Branding: Include when there are specific requirements for co-branding or marketing
5. API Integration: Include when providing API access for system integration
6. Third-Party Services: Include when third-party service providers are involved
7. Merchant-Specific Terms: Include for agreements with merchant customers
8. Regulatory Reporting: Include for services requiring specific regulatory reporting obligations
1. Schedule 1 - Service Specifications: Technical specifications of the EFT services
2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees and charges
3. Schedule 3 - Security Protocols: Detailed security requirements and procedures
4. Schedule 4 - Service Level Agreement: Performance standards and metrics
5. Schedule 5 - Implementation Timeline: Timeline for service implementation and testing
6. Schedule 6 - Contact Details: Key contact information for both parties
7. Appendix A - Technical Requirements: Technical requirements for system integration
8. Appendix B - Compliance Checklist: Regulatory compliance requirements and certifications
Find the exact document you need
Authorisation Form
A Malaysian legal document granting specific powers or permissions from an authorizer to an authorized representative, compliant with Malaysian contract law.
Download
Motorcycle Authorization Letter
A Malaysian legal document authorizing a specified individual to operate a motorcycle on behalf of the registered owner, in compliance with JPJ requirements.
Download
Online Credit Card Authorization Form
A Malaysian-compliant Online Credit Card Authorization Form for secure payment processing, meeting local financial and data protection regulations.
Download
Eft Agreement
A Malaysian law-governed agreement for electronic fund transfer services, establishing terms, conditions, and compliance requirements for electronic payment processing.
Download
Release Authorization
A Malaysian legal document that grants formal authorization for specific actions or information release, governed by Malaysian contract law and data protection regulations.
Download
Passport Parent Consent Form
A Malaysian legal document providing parental authorization for a child's passport issuance.
Download
Authorization Agreement
A Malaysian law-governed agreement that formally delegates specific powers from a Principal to an Agent, defining the scope and terms of authorized actions.
Download
To Whom It May Concern Authorization Letter
A Malaysian legal document granting authority or verification of rights, used to authorize actions or confirm permissions under Malaysian law.
Download
Salary Deduction Form
A Malaysian-compliant form authorizing employer-administered salary deductions in accordance with local employment laws.
Download
Refund Authorization Letter
A Malaysian-compliant formal letter authorizing the processing of a refund between commercial parties, including transaction details and payment instructions.
Download
General Authorization Letter
A Malaysian legal document granting specific authority from a principal to an authorized person to act on their behalf, compliant with Malaysian Powers of Attorney Act 1949.
Download
Authorized Signatory Letter
A Malaysian law-compliant document that formally delegates signing authority to specified individuals within an organization, establishing their power to execute documents on the company's behalf.
Download
Eft Authorization Form
A Malaysian-compliant authorization form for electronic fund transfers, enabling secure and regulated movement of funds between bank accounts.
Download
Collection Authorisation Form
A Malaysian legal document authorizing an agent or third party to collect funds, documents, or items on behalf of another party.
Download
Direct Credit Authorisation Form
A Malaysian banking form that authorizes direct credit transfers into a specified bank account, compliant with local banking regulations.
Download
Apostille Authorization Letter
A Malaysian legal document authorizing an agent to obtain apostille certificates on behalf of the principal, compliant with the Hague Apostille Convention and Malaysian law.
Download
Automatic Deposit Form
A Malaysian banking form for setting up automatic deposit arrangements, compliant with local financial regulations and Bank Negara Malaysia requirements.
Download
Authorization For Release Of Information Form
A Malaysian-compliant legal document authorizing the release of specific information from one party to another, subject to data protection laws.
Download
Sales Authorization Letter
A Malaysian legal document that formally authorizes a party to conduct specific sales activities on behalf of a company or principal, governed by Malaysian commercial law.
Download
Bank Consent Letter
A Malaysian law-governed authorization letter from an account holder to their bank permitting specific actions or information sharing, in compliance with local banking and privacy regulations.
Download
Work Authorization Letter
A formal authorization document under Malaysian law that grants specific permission for workers to perform designated tasks or access certain areas within a workplace.
Download
Third Party Release Form
A Malaysian law-governed document that enables one party to formally release another from specific rights, claims, or obligations.
Download
Third Party Credit Card Authorization Form
A Malaysian-compliant authorization form allowing cardholders to legally permit third parties to use their credit card under specified conditions.
Download
Third Party Authorization Form
A Malaysian legal document authorizing a third party to act on behalf of an individual or organization for specified purposes.
Download
Tenant Release And Consent Form
A Malaysian legal document that terminates a lease agreement and provides mutual release of obligations between landlord and tenant.
Download
Tenant Authorization Letter
A Malaysian legal document granting specific permissions from a landlord to a tenant, governed by Malaysian property and contract law.
Download
Permission Release And Consent Form
A Malaysian-compliant legal document establishing explicit authorization and consent between parties for specific actions or permissions, governed by Malaysian law.
Download
Payroll Direct Deposit Authorization Form
A Malaysian-compliant authorization form for setting up direct deposit of employee compensation into designated bank accounts.
Download
Payroll Deduction Form
A Malaysian legal document authorizing employer-implemented salary deductions in compliance with local employment laws.
Download
Tenant Authorization Form
A Malaysian legal document granting formal landlord permission for specific tenant activities or property modifications, governed by Malaysian property law.
Download
Payroll Deduction Authorization Form
A Malaysian-compliant authorization form for implementing regular salary deductions, aligned with local employment laws.
Download
Signature Authorization Form
A Malaysian legal document that formally delegates and validates signing authority for an organization or specific purpose, compliant with local corporate and digital signature laws.
Download
Return Merchandise Authorization Form
A Malaysian-compliant form authorizing and documenting product returns, ensuring adherence to local consumer protection laws while protecting both merchant and customer interests.
Download
Payroll Authorization Form
A Malaysian-compliant authorization form for processing employee payroll, including salary payments and statutory deductions.
Download
Return Authorization Form
A Malaysian-compliant form for processing and documenting customer product returns, ensuring adherence to local consumer protection laws while facilitating efficient return management.
Download
Release Of Records Form
A Malaysian legal document authorizing the release and transfer of specific records or information between parties, compliant with local data protection laws.
Download
Release Of Information Form
A Malaysian-compliant Release of Information Form authorizing the transfer of personal information between specified parties under PDPA 2010.
Download
Release Of Authorization Form
A Malaysian legal document granting specific permissions or authority from one party to another, compliant with local data protection and contract laws.
Download
Payment Authorization Form
A Malaysian-compliant legal document authorizing banks or financial institutions to execute specified payment instructions, incorporating local banking and data protection requirements.
Download
Property Authorization Letter
A Malaysian legal document authorizing a designated person to act on behalf of a property owner for specified property-related matters.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)