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A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many of the new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe. These are similar to a credit card, but unlike a credit card, the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase.
A smart card (SC), chip card, or integrated circuit card is a physical electronic authentication device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide personal identification, authentication, data storage, and application processing. Applications include identification, financial, public transit, computer security, schools, and healthcare. Smart cards may provide strong security authentication for single sign-on (SSO) within organizations. Numerous nations have deployed smart cards throughout their populations.
A SIM card is an integrated circuit (IC) intended to securely store an international mobile subscriber identity (IMSI) number and its related key, which are used to identify and authenticate subscribers on mobile telephony devices. Technically the actual physical card is known as a universal integrated circuit card (UICC); this smart card is usually made of PVC with embedded contacts and semiconductors, with the SIM as its primary component. In practice the term "SIM card" refers to the entire unit and not simply the IC.
An identity document is any document that may be used to prove a person's identity. If issued in a small, standard credit card size form, it is usually called an identity card, or passport card. Some countries issue formal identity documents, as national identification cards that may be compulsory or non-compulsory, while others may require identity verification using regional identification or informal documents. When the identity document incorporates a person's photograph, it may be called photo ID.
Mastercard Inc. is the second-largest payment-processing corporation worldwide. It offers a range of payment transaction processing and other related-payment services. Its headquarters are in Purchase, New York. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
MIFARE is a series of integrated circuit (IC) chips used in contactless smart cards and proximity cards.
An electronic identification ("eID") is a digital solution for proof of identity of citizens or organizations. They can be used to view to access benefits or services provided by government authorities, banks or other companies, for mobile payments, etc. Apart from online authentication and login, many electronic identity services also give users the option to sign electronic documents with a digital signature.
MTN Group Limited is a South African multinational mobile telecommunications company, operating in many African and Asian countries. Its head office is in Johannesburg. As of December 2020, MTN recorded 280 million subscribers, making it the 7th largest mobile network operator in the world, and the largest in Africa. Active in over 20 countries, one-third of the company's revenue comes from Nigeria, where it holds about 35% market share.
HID Global is an American manufacturer of secure identity products. The company is an independent brand of Assa Abloy, a Swedish door and access control conglomerate. Björn Lidefelt was appointed CEO on 27 January 2020. He succeeded Stefan Widing, who led HID Global for over four years.
Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic transfer with a payment terminal and access automated teller machines (ATMs). Such cards are known by a variety of names including bank cards, ATM cards, client cards, key cards or cash cards.
The French national identity card is an official identity document consisting of an electronic ID-1 card bearing a photograph, name and address. While the identity card is non-compulsory, all persons must possess some form of valid government-issued identity documentation.
Gemalto was an international digital security company providing software applications, secure personal devices such as smart cards and tokens, e-wallets and managed services. It was formed in June 2006 by the merger of two companies, Axalto and Gemplus International. Gemalto N.V.'s revenue in 2018 was €2.969 billion.
Mobile identity is a development of online authentication and digital signatures, where the SIM card of one’s mobile phone works as an identity tool. Mobile identity enables legally binding authentication and transaction signing for online banking, payment confirmation, corporate services, and consuming online content. The user's certificates are maintained on the telecom operator's SIM card and in order to use them, the user has to enter a personal, secret PIN code. When using mobile identity, no separate card reader is needed, as the phone itself already performs both functions.
Giesecke+Devrient, also known as (G+D), is a German company headquartered in Munich that provides banknote and securities printing, smart cards, and cash handling systems.
Guaranty Trust Holding Company PLC also known as GTCO PLC is a multinational financial services group, that offers retail and investment banking, pension management, asset management and payments services, headquartered in Victoria Island, Lagos, Nigeria. GTCO Plc was created in July 2021 following the corporate reorganization of Guaranty Trust Bank PLC into a Holding Company.
Entrust Corp., formerly Entrust Datacard, provides software and hardware used to issue financial cards, e-passport production, user authentication for those looking to access secure networks or conduct financial transactions, trust certificated for websites, mobile credentials, and connected devices. The privately-held company is based in Shakopee, Minnesota and employs more than 2,500 people globally.
HNA Technology Investments Holdings Limited formerly known as Advanced Card Systems Holdings Limited is a Cayman Islands-incorporated offshore holding company. Its subsidiary, Advanced Card Systems Limited, was incorporated in British Hong Kong in 1995 by Denny Wong. In 2017, HNA Group, via HNA EcoTech Group and HNA EcoTech Group's subsidiary, acquired Advanced Card Systems Holdings as part of a reverse IPO.
National identity cards are issued to their citizens by the governments of all European Economic Area (EEA) member states except Denmark and Ireland. Ireland however issues a passport card which is a valid document in the EEA and Switzerland. Denmark issues simpler identity cards that are not valid as travel documents. From 2 August 2021, new identity cards are harmonized as a common identity card model replaced the various formats already in use.
Sim Shagaya is a Nigerian media and technology entrepreneur. He is the founder and CEO of uLesson Education Limited - an app built to make education available to learners across Africa. He is the founder and former C.E.O of one of West Africa's largest electronic commerce website Konga.com and founder of E-Motion Advertising - a leading out-of-home media company acquired in 2019 by Loadstad Media. In 2014, he was named in Forbes' list of "10 Most Powerful Men in Africa".
References
- ↑ London Stock Exchange Group, Companies to Inspire Africa 2019 Archived 2022-01-20 at the Wayback Machine , p.56. Accessed 20 May 2020.
- 1 2 Etsey Atisu, African countries will no longer spend billions to import SIM, ATM cards, thanks to this Nigerian innovator, Face 2 Face Africa, 7 June 2019. Accessed 16 May 2020.
- 1 2 Mme Kofo Akinkugbe, fondateur et CEO de SecureID, leader de la carte à puce en Afrique sub-saharienne, Afrique Presse, 9 June 2019. Accessed 16 May 2020.
- ↑ Joseph Omotayo, Kofo Akinkugbe: Nigerian woman who owns West Africa's first smart card plant, exports to 21 countries, legit.ng, 30 August 2019. Accessed 16 May 2020.
- ↑ Gaelle Kamdem, Nigeria : Kofo Akinkugbe, propriétaire de la première entreprise de fabrication de carte SIM en Afrique de l’Ouest, AfrikMag, 1 September 2019. Accessed 16 May 2020.
- ↑ Osinbajo gives Dangote, Peterside, 34 others new appointments — FULL LIST, Premium Times , 30 May 2017. Accessed 16 May 2020.
- ↑ Osinbajo Inaugurates Industrial Policy and Competitiveness Advisory Council, This Day , 31 May 2017. Accessed 16 May 2020.