INTERNATIONAL SMART CARD LLC

[Markinsa]

INTERNATIONAL SMART CARD LLC

The smart card system was launched late 2008 and systematically expanded into new markets resulting in a market penetration of 1,500,000 cards nationwide with contract potential of 6 Million cards in the next 2 years. We are constantly establishing strategic partnerships with the best International providers to help introduce technologies in a rapid and efficient manner.

We are the market leader in biometric-based smart card payment systems with nationwide presence. Further reference projects are a telecommunication network solution over satellite connecting bank branches. The company’s market strategy focuses on the implementation of fully integrated payment, switching and settlement systems for national and regional payment environments suitable for multiple applications and services, whether deployed in undeveloped rural areas or developed cities in Iraq.

In addition to having functionality tailored to the needs of the un-banked and under-banked populations, our platform provides an outsourced solution for all domestic mass payments that are required to be made to recipients without bank accounts, reduces administration and cash handling costs, facilitates information management regarding payment status and creates auditable transaction records.

We uses secure smart cards to effect transactions “off-line” in underdeveloped areas where traditional financial institutions and their services have limited penetration or are otherwise unavailable due to the lack of banking and communications infrastructure.

All transactions effected through the system occur between 2 cards at an ATM or POS rather than through a host mainframe (as with traditional banking and payment systems), since all of the relevant information necessary to perform a financial transaction is held on the smart cards thus, through the offline capability, cardholders can enter into transactions at any time with other cardholders in even the most remote areas so long as a portable offline smart card reader is available. Further to retail payments and purchases, the solution is suited for the following market sectors: banking, microfinance, insurance, pension & allowances, salary & wage distribution, health care management, money transfers, voting and identification.

Soon MobiQi in Iraq

State of the art technology to facilitate Mobil banking services that will be offered to our customers soon,” MobiQi” will add more convenience to our customers and provides banking facilities like bill payment, money transfer and retail transaction to anyone with a mobile phone!

Qi Card in Kurdistan

Soon to launch Qi card solution in Kurdistan servicing about 10,000 government employees as a pilot with the potential of 3 million customer in the next 5 years! This will give them access to many services like salary distribution, 3ed party deductions and cash advances. This will also make it more convenient for thousands of card holders visiting Kurdistan to use their Qi cards easily and conveniently through participating banks and merchant outlets.

1.6 million Qi cards

After less than two years of the initial launch of the Qi card solution, we have hit 1.6 million cardholder with the potential to issue 2 million cards by the end of 2010, issuing about 100,000 card monthly is a testament to the huge success of the Qi card solution. Parallel to this will be the expansion into retail stores through a network of points of sales of about 30,000 units by 2015 .

Biometric verifications saves Millions

State of the art technology of biometric verification and de-duplication engine used with the Qi card solution is saving the government millions of dollars by identifying potential fraud in government pension and grant distribution

Go to the website, INTERNATIONAL SMART CARD LLC, and pay special attention to:

ID Management

Grant & Wage

Banking

[TimS]

Great, I know what they are now......when will they be issued in Iraq? That's the 64 million dollar question....

[Markinsa]

Great, I know what they are now......when will they be issued in Iraq? That's the 64 million dollar question....

1st Paragraph, they already issued 1.5 Million. From what I'm reading this company is strictly operating in Iraq.

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[Islandgirl7]

Great, I know what they are now......when will they be issued in Iraq? That's the 64 million dollar question....

Wouldn't it be the 64 million Dinar question ???