New law for Malaysian speeding ticket?

I've been thinking and comparing Singapore's drivers point deduction system with whatever existing traffic rule we have in Malaysia. A simple reason why probably Singapore's system will never be effective (or as effective) in our country is because of the rampant 'duit kopi' (in international language: bribery). Not that there's none happening in Singapore (I wouldn't know) but what I'm pretty definite is, none as rampant as Malaysia.

Well, then an idea struck me on how to duplicate this point system and yet keep it in a way that has the least inteference from our so-called law enforcers (and this I mean by majority of them. Not all but majority because we always have a few good men. Too few if you ask me). Imagine a system similar to Singapore's ERP and/or Japan's ETC equivalent. Imagine all Malaysians from now on have to pay an extra credit of RM200 into their driver's license account. Everytime one hit the red light or went over the speed limit, a certain amount of money will be deducted from this 200 bucks automatically. It could be really cheap, I mean RM20 for speeding compared to RM300 if you've really been sent the ticket. But what the positive points which I'd very much like to highlight are:
1) RM20 is BETTER than paying RM50 for you-know-what because in actual fact you never really have to pay that RM300
2) The 'beep' when money is deducted from your account will serve as a life time reminder to never speed when you're not supposed to. Ever
3) It really, really, and I mean REALLY makes you think twice about hitting that red light too
4) Equal treatment and equal punishment for all since the system must also be deployed using special set of traffic lights and speed trackers. This reinforces the importance of enforced law and not chance

Anyway, come to think of it. Instead of paying back the 'rakyat' (people) cash for the recent fuel hike, the government could use this system to reward citizens with good behavior. For those who never gotten their RM200 deducted, will earn interest. So in order to make more money, you've got to stay clean. If at the 11th month of your interest-earning period, you decide to go with the wind on KESAS, then so will your money.

Tell me if you think something like that would work here. Or in your country, wherever you are. Cause I think it's a pretty good idea, no?