Smart Card Payment Sytem

by **Horizon** Thu Jun 14, 2012 10:19 pm

Kinda interesting......

Smart Card Payment system - Post By BrunetteGranny PTR

06/14/2012

Posted by TOBY:
This is what Wangdang was talking about. He said this is one of the marker and that our time is short. Very Happy

SMART CARD Payment Systems Launched In Iraq...................6/14/2012
Smart Card Payment System Launched in Iraq

Johannesburg, South Africa-based Net1 UEPS Technologies has launched a smart card payment system in Iraq. Net1 has developed a platform for unbanked consumers called the Universal Electronic Payment System (UEPS).

Consumers are issued with biometric UEPS smart cards, so that they can have welfare payments and other fund transfers loaded onto their cards. They can then use the cards for purchases at POS terminals, authenticating themselves either with a PIN or at a fingerprint reader.-
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Read More Link On Right

Net1 says that the first Iraqi UEPS transaction was performed on August 3, 2008, in Baghdad, during the launch of the UEPS smart card technology with two Iraqi state banks, Rafidain Bank and Rasheed Bank.

The launch, which was attended by executives from Rafidain Bank, Rasheed Bank, the Iraqi government, the War Victim Ministry and the Martyrdom Ministry, demonstrated smart card registration; biometric enrolment and issuing of UEPS cards; offline loading of wage payments and government grants to the UEPS cards; and dispensing of cash.

A pilot project involving 100,000 beneficiaries is now ready for implementation across selected Iraqi bank branches, Net1 says. The pilot will enable the distribution and payment of government grants to war victims and martyrdom beneficiaries, as well as salary and wage distribution and payment to employees of the two state banks.

Net1 has already launched its UEPS system in South Africa and Ghana-

LINK

http://www.themultic...hp?news_id=6436

by **rick152** Thu Jun 14, 2012 10:35 pm

This is interesting Horizon. Heard about this this morning. Didn't know there was an article to back it up til now. The word "link" works and takes you to the actual story the other link does not work np. Good story and good find. Thanks

by taylorgirl Fri Jun 15, 2012 1:41 pm

[quote="horizon"]Kinda interesting......

The link to the article: http://www.themultichannelretailer.com/item.php?news_id=6436

The published date of this article is 06.09.08 - it is 4 years old - http://www.themultichannelretailer.com/news.php?searchterm=Iraq&mode=exact&scope=text&search=Go

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Smart Card Payment System Launched in Iraq

Published: 06.09.08

Unfortunately what people are showing as the date of the article is actually the current date that you visit the site. If you click on the article link, the date in the upper right of the site will reflect the current day and date of your visit, not the date of the article.

by **Kevind53** Fri Jun 15, 2012 5:01 pm

I thought I had seen it before ... thanks

Smart Card Payment Sytem

Smart Card Payment Sytem

Re: Smart Card Payment Sytem

Re: Smart Card Payment Sytem

Re: Smart Card Payment Sytem