Microfinance based on Smartcard

BGS Smartcard

Microfinance based on Smart Cards

Business Context
The United Nations International Year of Microcredit 2005 provided an occasion to raise awareness of the importance of microcredit and microfinance in the eradication of poverty by supporting the poor and low-income segment of the population increase and stabilize their incomes, build assets, and strengthen the powerful, but often untapped, entrepreneurial spirit existing in communities around the world.

In many developing countries microfinance scenarios have become a profitable business scheme as microfinance institutions worldwide have shown that poor, unbanked people are creditworthy and that the daily microsavings of a mass population can accumulate into substantial amounts of money generating a profitabel money float for the microfinance institution. In general, microfinance is the provision of a broad range of financial products such as deposits, loans, payment services, money transfers, insurance and others to low-income households and, their micro enterprises which are usually concentrated in rural and thus more underdeveloped areas. Client access and efficient provision of banking products in rural markets, usually fails through missing branch infrastructure which in turn is the result of a low populated environment. One of the core problems for banks is high transaction and service costs. Creating the necessary branch and service infrastructure to reach a large number of small borrowers who require credit frequently and in small quantities, requires large investments in service outlets and personnel.

System Description
The DUET system platform has been geared to offer financial institutions, operating in rural and urban cash dominated mass markets, the means to provide a flexible and profitable financial card based solution. In order to achieve the necessary outreach and functionality in areas lacking telecom and branch infrastructure, microprocessor smart cards utilizing the offline card to card transaction conception are the basis of the solution. The establishment of a full-coverage, low cost agent network will enable Banks and Microfinance Institutions (MFI) to successfully tap into the microfinance market, using one common system platform.

MF Product 1: Remote Savings book
The Microfinance Host Center provides the field agent with client specific account information prepared for this day. This information, such as client current account balances and amounts to be collected, could be prepared based on the predefined route taken by the agent reflecting his periodic customer visits schedule. At the point of interaction in the field, the client enters his card into the hand held terminal of the agent, the two cards establish a secure session in an offline mode during which any updates for this specific client, available on the agent card as described above, are transferred to the client card. If we assume a further savings transaction, cash against savings, the value of the respective amount collected in cash is written to the client card (savings certificate). This savings data transaction is signed by the agent using the agent PIN and the transaction is stored on the agent card from where it is transferred to the host at the end-of-day upload. The host then uses this transaction information to perform the necessary updates to the client savings account, making this information available at the next agent download for this client’s visit.

MF Product 2: Remote Microcredit Operations
The Microfinance Host Center approves and issues a Microcredit against prior client application delivered through a field agent. The approved value is transferred to the clients microcredit account and is made available as a secure certificate for the agent download prior to the client visit. As part of the secure offline communication between agent and client cards, the credit value is transferred onto the client’s card. Now the client card has spending power which can be used for the purchase of goods and services at a merchant terminal. At future agent visits to the respective client, the agreed repayment amount would be paid in cash to the agent and recorded on the agent card as a repayment transaction, ultimately being uploaded to the host for microcredit settlement and account update. With every repayment, the outstanding loan value would be decreased on the client card, offering the client a reference to his account’s status. The cash repayments would also always be performed against the agent’s available cash collection limit maintained on his card.

Benefits

• Provision of customized financial services to low-income households in rural markets that would otherwise remain unbanked
• Establishment of a low-cost agent-host network in areas lacking the necessary infrastructure through the use of smart card technology
• Provision of mobile, manageable and transparent “last mile” delivery channels through field agents
• Architecture soundness guaranteeing secure, uninterrupted and fault tolerant system operation
• Improved system reliability due to usage of distributed server resources and a combination of online and offline transaction processing
• Lowest total cost of ownership consisting of costs of infrastructure, transactions and operations
• Reduction of all manual procedure generating immense paper work and manual error
• Increased speed of operations: Transactions that usually take a couple of minutes each can now be done in just a fragment of time
• Reduced administration costs due to automation of process flows
• Easy and convenient monitoring of financial operations viewable with a pocket sized Value checker, at ATMs or banks as often as required
  
• Dynamic information on customer behavior and habits

ISO 8583 Decoder

ISO 8583 Decoder

This is Free on-line ISO 8583 Decoder service of Financial transaction card originated messages.

Telepon Verification

Telesign

Founded in December 2004, TeleSign is a leading provider of telephone verification services to web-based companies of all sizes. TeleSign's flagship solution, Telephone Verification, allows businesses with an online presence to authenticate their users' identities in real-time. PhoneID, another TeleSign technology, complements Telephone Verification by providing information about both domestic and international telephone numbers, including where a phone number is located and the type of phone associated with a particular number (landline, mobile, VOIP, etc.).

As of September 2008, TeleSign has processed over 181,000,000 transactions for clients in industries such as eCommerce, Lead Generation, Online Classifieds, and more. Our clients range in size from large Fortune 500 companies down to small, single-employee businesses.

Building Better Software

Stellman-Greene

Jennifer Greene and Andrew Stellman have been managing projects and writing about project management together since they first met in 1998. Their first book, Applied Software Project Management, was published by O’Reilly in 2005 and received widespread praise from both working project managers and academic researchers. Their second book, Head First PMP, was released in March 2007, and almost immediately became one of the top selling books from O’Reilly.They founded Stellman & Greene Consulting in 2003, providing project management services and training to both companies and individuals. Andrew and Jenny regularly contribute to the project management body of knowledge, writing articles, presenting at conferences, and giving back to the project management community any time they have the opportunity to do so.Which is why they started this site! Jenny and Andrew want to help you build better software, whether that means helping you adopt better practices, write better code, get a better handle on quality, or better understand your user. That’s why they love writing, and it’s what they love writing about.

JCOP Family Information

JCOP Family Information
USB JCOP

Chip Card Testing and Approval Testing

Chip Card Testing and Approval Testing

Chip Card Testing and Approval Process

Visa oversees testing of contactless chip card that support Visa contactless payments. This process allows Visa to ensure that devices are developed to Visa specifications and will support Visa applications.

After the specification license agreements have been executed and before the testing can begin, the vendor must complete an Approval Services Testing Agreement with Visa.

For each contactless chip card that a vendor wishes to have tested, the vendor must submit an online card questionnaire. Visa will use the questionnaire to determine whether the product is eligible for testing.

The Most Comprehensive Resources Compliances

Compliances Online

PIN Entry Device (PED) vulnerabilities

PIN Entry Device (PED)

PCI Security Standard Council

PCI Security Standard

The PCI Security Standards Council is led by a policy-setting Executive Committee, composed of representatives from the founding payment brands. To view the members, please select the Executive Committee box below.

Operational decisions are made by a Management Committee, also from the payment brands. To view the members, please select the Management Committee box below.

An Advisory Board, drawn from Participating Organizations, provides input to the organization and feedback on the evolution of the PCI Data Security Standard. A Marketing Working Group, Technical Working Group, and a Legal Committee, whose participants are drawn from the payment brands, deal with their respective activities.

Android

Android

Android is a software stack for mobile devices including an operating system, middleware and key applications. It is being developed by the Open Handset Alliance, a group of more than 30 technology and mobile companies. Android was built from the ground-up to enable developers to create compelling mobile applications that take full advantage of all a handset has to offer. Developers can create applications for the platform using the Android SDK.

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21CCTV Securing Indonesia

21CCTV

Our Focus

1. Vision: One (minimal) CCTV at every property: residential and commercial.
2. Mission: Peace of Mind for people in Indonesia by giving prospective customer easy access to CCTV, either for online purchase directly, or to get further information.

SKYE Prepaid Services

Skye

PREPAID
skye adalah prabayar.
Digunakan sebagai uang tunai, alat pembayaran yang Cepat, Mudah, Aman, dan Nyaman.

VALUE
skye adalah bernilai.
Diskon terbaik CDR (Customer Discount Rate) akan diberikan kepada anda melalui skye marketing program dan anda akan mendapatkan pendapatan pasif tanpa merubah gaya hidup anda.

skye adalah sebuah ide baru, tetapi banyak kegunaannya:

* Berbagai jenis mitra merchant
* Banyak lokasi mitra merchant
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* Pemesanan hotel dan pesawat terbang
* Alat bantu mengatur anggaran
* Hadiah untuk berbagai acara:
o Ulang tahun & berlibur
o Ucapan terima kasih & ucapan selamat
* Menambah kegunaan di dalam perusahaan seperti ID staff & Access Control



Merchant Benefit

Menerima skye akan mempunyai dampak besar bagi bisnis. skye bekerja untuk memberikan pilihan cara pembayaran yang dihandalkan, cepat, mudah, aman dan nyaman. skye membantu mendapatkan dan mempertahankan pelanggan serta membuka jalan untuk memperkuat penjualan dan pengembangan bisnis.

Nikmati 5 alasan bergabung dengan skye :

MENINGKATKAN VOLUME TRANSAKSI & PENDAPATAN

Pelanggan cenderung berbelanja lebih banyak ketika mereka membayar dengan skye daripada membayar dengan uang tunai karena lebih cepat, mudah, aman, nyaman, dan mendapatkan skye point link.
Pelanggan akan mendapatkan skye point link 24 jam sehari dan 365 hari setahun, maka mereka akan datang berkunjung lebih sering, lebih banyak pendapatan.

MENINGKATKAN POSISI MERK, PRODUK, DAN NAMA BAIK PERUSAHAAN

Program komunikasi skye (skye CRM, iklan ATL & BTL, katalog, brosur, majalah gratis, banner, alat promosi, seminar, lokakarya, acara, website dan banyak lagi) akan membantu untuk meningkatkan Posisi Merek, Produk dan Citra Perusahaan.

MENINGKATKAN DAYA GUNA OPERASIONAL

* Meningkatkan penggunaan terminal EDC akan menghemat 1% rekonsiliasi uang dan waktu
* Mengurangi kesalahan dalam penghitungan uang tunai
* Tidak ada biaya untuk contactless reader, mesin EDC, biaya transaksi, perawatan dan alat-alat promosi
* Settlement 1 x 24 jam maksimum dalam hari kerja


AMAN

Dengan sedikitnya jumlah uang tunai pada kasir, mengurangi peluang untuk tindakan kriminal. Terhindar dari uang palsu. Tidak perlu setor uang tunai ke bank.

BERSIH DAN SEHAT

Mengurangi kontak langsung dengan uang sehingga terhindar dari bakteri dan bibit penyakit menular

IT Guru® Academic Edition software

OP.Net

IT Guru® Academic Edition software was created for introductory level networking courses, and designed and tested to be used with popular classroom lab manuals.

Convenient Features

* Based on IT Guru® commercial version 9.1
* Downloadable from our website at no charge
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* Built-in Application Characterization Environment (ACE™) and Wireless™ capability
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* 6-month renewable license

RT:Request Tracker

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RT is an enterprise-grade ticketing system which enables a group of people to intelligently and efficiently manage tasks, issues, and requests submitted by a community of users.

The RT platform has been under development since 1996, and is used by systems administrators, customer support staffs, IT managers, developers and marketing departments at thousands of sites around the world.

Written in object-oriented Perl, RT is a high-level, portable, platform independent system that eases collaboration within organizations and makes it easy for them to take care of their customers.

RT manages key tasks such as the identification, prioritization, assignment, resolution and notification required by enterprise-critical applications including project management, help desk, NOC ticketing, CRM and software development.

RT is used by Fortune 100 companies, government agencies, educational institutions, and development organizations worldwide.