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     FrontPage Edition: Wed 5 Nov 2008

Credit card payment scheme for ERP charges

Source: www.lta.gov.sg

New ERP e-Payment Option by Credit Card Offers Motorists Added Convenience
 
From 5 November 2008, motorists will have an alternative mode of payment for ERP charges via their Visa / MasterCard credit cards.
The partnership between LTA and DBS Bank as the payment partner for the service allows motorists who subscribe to the new credit card scheme to be able to use all Visa / MasterCard credit cards from any bank of their choice to pay their ERP charges through their monthly credit card bills.
This new scheme, which has a monthly subscription fee of $2.50, benefits motorists who may forget to insert their CashCards in their in-vehicle units (IU) or may not have the time to top-up their CashCards when the card balance is low.
Motorists who wish to enjoy the new credit card scheme, must first subscribe online to the scheme via the One.motoring or MotorPay websites at http://www.onemotoring.com.sg and http://www.motorpay.com.sg respectively.
Motorists who have subscribed will receive an email notification within three to seven working days to inform them of the outcome of their application. The e-Payment option by credit card can only be used once they receive the email notification that their application is successful. Please refer to Annex A for more details on the application process.
Those who are successful in their application will no longer need to insert their stored-value CashCards into the IU when they drive through ERP gantries as the ERP charges incurred will be charged to their monthly Visa / MasterCard credit card bills. However, they can still choose to pay the ERP charges using their stored-value CashCards, if they wish to, by having a CashCard inserted into the IU. Such ERP transactions incurred will be excluded from the monthly credit card bills.
Jeremy Soo, Managing Director and Head of DBS Consumer Banking Group, Singapore, said, "Our partnership with LTA reinforces our commitment to provide convenience to our customers with innovative modes of e-payment. Online or offline, we are offering comprehensive e-platform bill payment options through DBS iBanking and AXS Stations. MotorPay for ERP charges is yet another service DBS is proud to add to the suite."
LTA Chief Executive, Mr. Yam Ah Mee, said, "This scheme offers motorists a broader range of e-payment channels. LTA will continue to develop innovative means for e-payment channels for the convenience of motorists. Fleet owners such as delivery companies and other registered motorists will also be able to enjoy the convenience of not having to search for top-up machines, thus saving valuable time for their operations."
More.....

Source: www.lta.gov.sg News Release 24 Oct 2008

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