Companies can now pay their
dividend by crediting the shareholder’s bank account with
the introduction of eDividend, a new electronic dividend
payment system available via Maybank2e.net, Maybank’s
enterprise cash management portal for enterprise customers.
The President and CEO of Maybank,
Datuk Amirsham A Aziz, officially launched eDividend
at a ceremony held today at Menara Maybank. Present at the launch
were Maybank’s corporate customers as well as representatives
from the various registrars of companies.
“Companies with a shareholding
structure that requires dividend payment distributions to shareholders
and registrars managing dividend payments are now able to benefit
from eDividend, a new web-based dividend payment services
offered on Maybank2e.net platform, said Datuk Amirsham.
“e-Dividend is a comprehensive
dividend payment system that streamlines dividend processing and
payment. Maybank is the first local bank to introduce this innovative
product that offers many benefits to our corporate customers,
among them, cost savings, convenience, ease of use, security and
flexibility. It is available on Maybank2e.net and accessible
anywhere, 24 hours a day, all year round,” added Datuk Amirsham.
eDividend solution
helps to reduce turnaround time in processing dividend payment
by automating many of the processes such as dividend and tax calculations,
warrant processing and printing of physical warrants or cheques.
It also offers a new auto-crediting facility that pays the dividend
directly into a shareholder’s bank account as well as a
new report generation facility that outputs various reports on
the status of the dividend payment. The customer can conveniently
view or download and reconcile their reports online via Maybank2e.net.
“It reduces processing
cost, is time saving as well as increase productivity and efficiency
for the corporation. It’s straight-through processing solution
eliminates the tedious manual processing and takes less manpower
in preparing dividend payments or monitoring the status of the
dividends,” said Datuk Amirsham.
“The new auto-crediting
facility dispenses with cheque issuance by the company and cheque
deposit by the shareholders. Shareholders also receive their dividends
much earlier and the dividend payment can be made to an account
in Maybank or other banks. The shareholder needs to provide the
account number to the company or registrar. Alternatively it can
also print cheques and warrants for the conventional mode of dividend
payment for collection at the counter or mailing to shareholders,”
added Datuk Amirsham.
“Maybank is the first
customer to successfully implement the eDividend system
by its registrar since October 2003 and this demonstrates the
capability of this service. The registrar is also enjoying the
benefits of the system,” announced Datuk Amirsham.
eDividend expands the other range of enterprise cash
management solutions available on Maybank2e.net namely
EPF, SOCSO, salary and other payment facilities for enterprise
customers.
For more information on eDividend
customers can contact the Helpline Telephone at 1-300-887788;
or email to Maybank2e-inquiry@maybank.com.my; or log on to www.maybank2e.net.
