Abstract—this study intends to investigate bank customer’s satisfaction rate with e-payment services in Malaysia as many financial transactions are held by electronic payment systems in this country. Malaysian bank managers believe that the e-payment is of high potentiality to succeed as a new tool of payment which can increase the rapidity and accuracy of transactions and consequently increase customers’ satisfaction. In this study, firstly, through a review of the literature issues associated with electronic payment along with its advantages are elaborated and discussed. Then a comparative analysis is provided by investigating the satisfaction rate with e-payment services in Malaysia’s Banking Industry between two sample groups in Penang. These two groups consist of Degree Holder and Non-Degree Holder individuals who use electronic payment bank services in Penang. A sample size of 350 individuals was selected to answer the survey questions and then the collected data was analyzed by SPSS software. The findings from this study depicts that in spite of inconveniences, cost and some security concerns among Non-Degree holders about e-payment services and also some security concerns about such services among Degree holders, both groups of customers depicted a high level of satisfaction with e-payment services in Penang. In addition, inconvenience is found to be the most important issue which Non-Degree Holders were concerned about, while Degree Holders were more concerned about security issues. The results from this study can be used as a platform for bank managers and e-payment service companies in order to improve their systems and services in Penang, based on Malaysian consumers’ needs and concerns.

Index Terms—e-payment satisfaction, e-payment services, banking industry, Degree Holders, Non-Degree Holders, Malaysia.

F. A. Author is with the Faculty of Management, Multimedia University, Cyberjaya ,Malaysia (e-mail: vidranas@gmail.com). 
S. A. Author is with the Faculty of Management, Multimedia University, Cyberjaya ,Malaysia (e-mail: chakameh.1983@gmail.com).
T. A. Author is with the Faculty of Management, Multimedia University, Cyberjaya ,Malaysia (e-mail: sh_espahbodi@yahoo.com).

Cite: Alireza Chavosh, Anahita Bagherzad Halimi, and Shahriar Espahbodi, "Comparing The Satisfaction with The Banks E-payment Services between Degree Holder and Non-Degree Holder Customers in Penang-Malaysia," International Journal of e-Education, e-Business, e-Management and e-Learning vol. 1, no. 2, pp. 103-109, 2011.