BENFEFITS TO PENSION FUND EMPLOYEES- Convenience – employees are able to load their pension payments at any accredited outlet, i.e. merchant stores or Bank branches.
- If the cardholder loses their card they will not lose their money .A new card is issued with all the relevant balances in the utilized wallets.
- Biometric fingerprint protection - no one can access the card without one of the fingerprints stored on the card being presented and validated .No pin number to remember.
- Spending and/or performing cash withdraws from the smart card in merchant outlets offering convenience.
- Short-term loan facilities reducing associated credit risks.
- Affordable cash advances, calculated by the card itself, eliminating the need for labor and administrative work.
- Access to a suite of financial products and services.
- Bill payment for premiums, medical contributions, union contributions, loan repayments etc.
- Money transfers to another smart card holder or bank account provided the bank participates in the system.
- 3rd party bill payments being made at merchant stores or bank branches.
- Printing balance enquiry and transaction list offline in merchant stores or bank branches.
- Saving in separate wallet.
http://www.smartqi.com/ISC_en/index.php?option=com_content&view=article&id=124&Itemi
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