Operation of Octopus Cards and EPS payment system

Date	Context	Summary of development	Action
2.3.07	FA	The Panel discussed with the Hong Kong Monetary Authority (HKMA), OCTOPUS Cards Limited (OCL) and EPS Company (Hong Kong) Limited (EPSCO) on the regulatory and oversight framework on Octopus Card and EPS. [Paper provided by HKMA] [Letter dated 23 February 2007 from OCL] [Paper provided by EPSCO] [Information note prepared by the Research and Library Services Division] [Follow-up paper from OCL] [Follow-up paper from HKMA]
18.4.07	CQ	Hon TAM Yiu-chung raised a question on regulating the operation of Octopus cards. [Hansard "Page 8"]
23.5.07	CQ	Hon TO Kun-sun raised a question on extending the usage of the Octopus system. [Hansard "Page 81"]
27.7.07	PRESS	OCL announced that the independent review of failed Octopus EPS add-value transactions has been completed. [Press release] [OCL actions in response to the report] OCL provided a copy of the Report on the Independent Review to the Panel. [Letter dated 17 August 2007 from OCL] (English version only) [Report on the Independent Review] (English version only) [Letter dated 20 August 2007 from OCL] (English version only) [Letter dated 12 September 2007 from OCL] (English version only) [OCL's actions in response to the PwC Report] (as at end August 2007) (English version only)
3.12.07	FA	The Panel discussed with HKMA, OCL and EPSCO on the regulatory regime and competition in the multi-purpose stored valued card market and the actions taken by parties concerned following the independent auditor's review report on the Octopus EPS add-value transactions incident. [Paper provided by HKMA] [Paper provided by OCL] [Background brief] [Speaking note of Chief Executive Officer/OCL] (Chinese version only) [Letter dated 21 December 2007 from OCL] (English version only) [OCL's press release on permanent suspension of the Octopus EPS add-value service] [Letter dated 26 February 2008 from OCL] (English version only) [Letter dated 6 June 2008 from the Chief Executive Officer of OCL] (English version only) [OCL's press release dated 6 June 2008 on customers advised to contact banks for remaining Octopus EPS Add-value refund] [Letter dated 26 June 2008 from the Chief Executive Officer of OCL] (English version only) [OCL's press release dated 26 June 2008 on Octopus transaction record printing service extended to all 7-eleven outlets] [Letter dated 24 July 2008 from the Chief Executive Officer of OCL] (English version only) [OCL's press release dated 24 July 2008 on Octopus transaction record printing service extended to Circle K] [Letter dated 24 July 2008 from the Chief Executive Officer of OCL] (English version only) [OCL's press release dated 24 July 2008 on Octopus transaction record printing service extended to Circle K]
23.1.08	CQ	Hon LAU Kong-wah raised a question on use of octopus cards. [Hansard "Page 88"]
6.5.09	CQ	Hon Andrew CHENG raised a question on regulation of the Octopus payment system. [Hansard "Page 24"]
27.1.10	CQ	Hon Cyd HO Sau-lan raised a question on privacy issues of cross-boundary use of electronic money. [Hansard "Page 64"]
27.1.10	CQ	Hon Andrew CHENG Kar-foo raised a question on operation of Octopus payment system. [Hansard "Page 73"]
23.2.11	CQ	Hon CHEUNG Hok-ming raised a question on lost Octopus cards. [Hansard "Page 37"]

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