T-Melmax Sdn. Bhd.

TMX (http://t-melmax.com/) is a software developer and service provider for financial applications, electronic payments and collections solutions (B2B, B2G and C2B), focusing on the development of web based electronic banking solutions to facilitate retail and wholesale transaction processing.  

Currently, TMX’s core business i.e. payment and collection solutions are supported by its web-based portal called Max-Paygate, which essentially simplifies and automates the handling and processing of bulk payment, bulk collection, retail payment and other types of payments. Max-Paygate is interfaced to IBG, FPX, legacy host such as Alltel and Silverlake. Max-Paygate is also interfaced with statutory bodies such as EPF, SOCSO and LHDN via TMX’s panel banks.

As part of TMX’s proposition to simplify bulk payment and collection process, Max-Paygate is connected to a total of six (6) panel banks i.e. AmBank Berhad, CIMB Bank Berhad, EON Bank Berhad, Hong Leong Bank Berhad, Malayan Banking Berhad and RHB Bank Berhad.  To the best of TMX’s knowledge, TMX is the only service provider in Malaysia with such connectivity. Moving forward, TMX will continue to assess the requirements to expand the list of its panel banks to support its web based electronic solutions.

In an effort to further grow its services and expand its customer base, TMX has in 2009 collaborated with payroll and/or accounting software players, namely Sage-UBS, HRSC and CSM, by creating a Max-Paygate system link to their accounting and/or payroll software. This collaboration is on a revenue sharing basis. This allows end-users an option to utilise TMX’s Max-Paygate services which is readily available in the accounting and/or payroll software package purchased. TMX believes that this is an effective way to increase and expedite its business footprint as TMX is able to leverage on the branding and networks of these payroll and/or accounting software players. Up to the LPD, the revenue contributions from these collaborations is approximately RM63,000 as a result of eleven (11) new clients.

In addition to the provision of its portal services, TMX also provides system integration services.  Its expertise in system integration services is evidenced by the successful completion of the project to merge the IT systems of RHB Bank and Bank Utama in 2003 within a fixed budget and time period of six (6) months. The experience gained by TMX in this system integration project was invaluable both in terms of skills gathered and reputation gained in successfully implementing such a complex banking project. Subsequently, TMX has also been engaged to perform data security and financial application customisation services for Petronas Dagangan Berhad, EPF and Bank Rakyat.

Whilst system integration projects are not the core focus of TMX’s business, nonetheless, should such opportunities arise in the future which TMX believes add value, either in terms of experience gained, profile and reputation of the client, among others, TMX may undertake them