There can be only one. Or there should be only one, in the case of RFID-based toll payment collection. The Star reports that Touch ‘n Go parent company CIMB Group Holdings is seeking to halt PLUS from introducing its own radio-frequency identification (RFID) toll collection system, first announced last month.
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The financial institution said it has filed a notice of arbitration dated December 17 on PLUS. In May 1998, CIMB, CIMB SI 1 and PLUS entered into a joint venture agreement in relation to Touch ‘n Go – CIMB says that PLUS’ introduction of its own RFID system breaches the obligations under the Touch ‘n Go JV.
“The company and CIMB SI 1 are, amongst others, seeking an injunction to restrain PLUS from engaging in further business of the PLUS RFID system together with damages, interests and costs,” it said in a filing with the Bursa.
On November 19, PLUS had announced that its RFID pilot project was set to begin trials on December 15 at four locations, these being the Penang Bridge toll plaza, the Kubang Semang and Lunas toll plazas on the Butterworth-Kulim Expressway (BKE) and the Jitra toll plaza in Kedah.
The PLUS RFID system differs from the Touch ‘n Go RFID system, which began trials in early September ahead of an official rollout in January 2019, is in the method of payment. While the latter uses the Touch ‘n Go eWallet that needs to be topped up, PLUS’ product is an open payment system, tied to the user’s debit or credit card (including American Express charge cards), debiting the toll charge straight from the user’s account.
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In other words, Government may change but the GLC still have the same type of people as before.
So you will see in efficiencies and inter-fighting.
Well-loved.
TnG users:
1. Need to top-up. Usually people have to top-up big amount due to the hassle;
2. Those top-up amount is FREE ADVANCE MONEY for TnG company i.e. hundreds of millions ringgit that can be invested;
3. But users do not earn any dividens, only depreciation;
4. If users want to buy new TnG card, it costs RM10. If users want to do full refund, still being charged RM5;
5. If users want to buy SmartTag, then it's another RM120 for a low quality product;
6. If use TnG card at parking, most operators have 10% surcharge. This is for "administrative" fee for claiming money from TnG to parking operators since TnG/parking operators couldn't agree to absord this miniscule cost and therefore charge their users. Isn't IBG/TT transfer is free now? And why must this cost be based on percentage? Isn't the cost to transfer RM10 the same as RM20? Isn't using digital payment REDUCES cost i.e. no need to prepare paper parking ticket or handle cash from machines incl. spend money for security escort? Anybody who has handled big amount of cash from machines know how tedious and relatively costly this is.
Why can't toll users be charged based on usage, tied to their debit cards? Why do we have to support a monopoly? Is this not against the competition act?
For these reasons I applaud a system like PLUS.
There can be a mechanism to ensure minimum balance and avoid hold up at the toll gates.
There is a WORLD of difference between CIMB and Hong Leong Bank.
This is typical GLC mentality. Any problem sweep under the carpet.
CIMB is typical, they make the fascade look nice, inside look nice and posh but systems got no security.
Remember, it is how big your house is, how big your car is.....but inside...no substance.
Storing value in an Internet-based wallet works only if the wallet operator controls the stickers and the readers (like Alipay and other phone-based e-wallets). When stickers are very easy to produce and distribute, and the readers in this case are all on highways, there is no point doing a stored-value system. So, TnG should stay away from the RFID sticker system.
PLUS, do not buckle, exit the JV and see TnG sink into abyss. LRT/MRT will introduce monthly pass starting next year, if we remove toll users from PLUS, TnG have little reason to exist.
TnG have been profiting from us giving free money to them in which they use to invest/earn more money for themselves. Time to get rid of them.
Many countries use one system for all, which can top up anywhere easily without additional charges, some even can send user the bill in the end of the month, pay like utility bills... (I know many we cannot do this yet...people just ran away and not paying at the end).
Kasi tutup kedai la. like leeaches.. kuat makan saje