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Nigerian National ID Project Response From Mastercard by davitogreat(m): 6:32pm On Sep 08, 2014 |
Nigerian National ID/Debit Card: Response from MasterCard The recent decision by the Nigerian government to combine their new national identity card with a debit card has been raising a number of concerns ranging from privacy to conflict of interest. Coin Telegraph reached out to MasterCard’s Daniel Monehin, Division President, Sub-Saharan Africa, with some questions about the program and MasterCard’s role. http://cointelegraph.com/news/112469/nigerian-national-iddebit-card-response-from-mastercard This should put all controversy to rest. As you can see MasterCard has no access to your personal information plus on top of that the payment app on the card is OPTIONAL. DM: The pilot issuing bank is Access Bank Plc. NIMC expects other banks to join the scheme in the next few months. These issuing banks will manage the cardholders’ financial accounts, should cardholders activate the payments functionality on their cards and use this service. The best part about this is that our local banks and the government will have more control over the billion of dollars being remitted back to Nigerians from the diaspora. The days of companies like western union fleecing Nigerians with remittance fees is about to end. 2 Likes |
Re: Nigerian National ID Project Response From Mastercard by Sparrow13: 6:38pm On Sep 08, 2014 |
I still can't understand what is written 1 Like |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 6:43pm On Sep 08, 2014 |
Do we automatically become access bank customers? Which account is the Mastercard tied to |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 6:46pm On Sep 08, 2014 |
This will make sense cos no bank will have the right to charge #65. |
Re: Nigerian National ID Project Response From Mastercard by brownlord: 6:48pm On Sep 08, 2014 |
So what the fuss about national security bla bla being peddled by apc and their media house? 2 Likes |
Re: Nigerian National ID Project Response From Mastercard by Freest(m): 6:49pm On Sep 08, 2014 |
But why |
Re: Nigerian National ID Project Response From Mastercard by brownlord: 6:50pm On Sep 08, 2014 |
Obiagelli: Do we automatically become access bank customers? Which account is the Mastercard tied to Read the thing well now, 1 Like |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 6:53pm On Sep 08, 2014 |
am at a loss as to how access bank is clinching all this choice packages am even still wondering how small access bank could buy over intercontinental bank . who is the chairman of Access bank Nig Plc |
Re: Nigerian National ID Project Response From Mastercard by davitogreat(m): 6:57pm On Sep 08, 2014 |
Obiagelli: Do we automatically become access bank customers? Which account is the Mastercard tied to Other Nigerian banks are going to join in the coming months. On top of that a Nigerian company Verve and Visa will also partake in the project. Also the payment app on the card is optional, so Nigerians DONT have to use the card to pay for goods. 3. Paymenthttps://www.facebook.com/nimc.ng DM: The pilot issuing bank is Access Bank Plc. NIMC expects other banks to join the scheme in the next few months. These issuing banks will manage the cardholders’ financial accounts, should cardholders activate the payments functionality on their cards and use this service.http://cointelegraph.com/news/112469/nigerian-national-iddebit-card-response-from-mastercard |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 7:07pm On Sep 08, 2014 |
davitogreat:Thanks for taking time to respond How about expiry date on the card? Sorry for my questions, i am quite tired of reading. |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 7:10pm On Sep 08, 2014 |
brownlord: So what the fuss about national security bla bla being peddled by apc and their media house?Common you are beginning to sound like these pdp people. Nigerians have got rights to ask questions na, Btw thise questions generated this reply 1 Like |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 7:11pm On Sep 08, 2014 |
brownlord: davitogreat already explained things to me |
Re: Nigerian National ID Project Response From Mastercard by davitogreat(m): 7:15pm On Sep 08, 2014 |
Obiagelli: No problem. There is no expiry date on the card. The only thing is if you lose the card then there is a cost to get a replacement. DM: MasterCard does not set transactional fees. The issuing financial institutions that manage cardholders’ accounts set transactional fees.http://cointelegraph.com/news/112469/nigerian-national-iddebit-card-response-from-mastercard |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 7:24pm On Sep 08, 2014 |
davitogreat: Wow, God bless you. I will do the pre registration this week, i had serious doubts, thanks for clearing things up. 1 Like |
Re: Nigerian National ID Project Response From Mastercard by Brahms(m): 7:25pm On Sep 08, 2014 |
DM: MasterCard is providing prepaid functionality on the National eID card as part of the pilot program. MasterCard does not grant open access to its transaction data to any law enforcement agency, neither in the US nor in other international jurisdictions. The privacy and security of transaction data is of paramount importance to MasterCard. As part of its transaction processing, MasterCard does not receive cardholder name and cardholder contact information. In the case of the Nigerian eID scheme, MasterCard does not capture or manage any personal data including biometrics. These remain the exclusive preserve of NIMC. That doesn't answer why they placed MasterCard Logo boldy on our National ID. It's not a big deal tho. Nice Initiative! |
Re: Nigerian National ID Project Response From Mastercard by davitogreat(m): 7:38pm On Sep 08, 2014 |
Brahms: Well in the near future the logo of verve and visa are also going to be on the cards. Though the most important part about this is that using the payment system on the card is NOT mandatory. Its optional. 3. Payment DM: The pilot issuing bank is Access Bank Plc. NIMC expects other banks to join the scheme in the next few months. These issuing banks will manage the cardholders’ financial accounts, should cardholders activate the payments functionality on their cards and use this service. I am hoping Verve gets the majority of the cards. Since mastercard will ONLY be available on the first 13 million. I expect visa to get 13 million and Verve to get the rest. We have to priorotize our local companies. |
Re: Nigerian National ID Project Response From Mastercard by Brahms(m): 7:44pm On Sep 08, 2014 |
davitogreat: Well, Verve should up their game! The quality of ATM Cards powered by them are very poor. Don't know if they are to be blamed for that or the Banks that issued it. What do you think of Interswitch? 1 Like |
Re: Nigerian National ID Project Response From Mastercard by davitogreat(m): 8:19pm On Sep 08, 2014 |
Brahms: The funny things is that Verve's parent company is Interswitch and the platform verve uses to make payments is Interswitchs platform. Now I personally think interswitch is a revolutionary company. Its a company that makes me proud to be a Nigerian. The payment chip processor Interswitch/verve uses is wholly indigenous. There are not a lot of payment companies in the world that are able to make indigenous payment chips. Most of them just piggy back of the EMV Circuit cards provided by Mastercard and Visa. This is one reason why I am very patient with Verve. As the company grows and gains more experience their cards will improve Regardless. Verve is not going to be using interswitchs payment platform for this project. The three merchant companies (verve, Mastercard, Visa) will be using Unified payments platform. Unified payments is a Nigerian payment processor company owned and run by a consortium of Nigerian banks. So the groups that are really going to benefit from this project are actually the Nigerian banks. The trillions of naira circulating in the informal sector of the country will finally be managed by our banks which will mean a massive increase in the liquidity of our banks which will lead to our banks being able to fund massive infrastructural projects and provide long term loans to local businesses. It will also mean our government can begin to reduce foreign borrowing and increase domestic borrowing. Nigerians really have no idea how much the whole nation will benefit when this project comes fully online. I know a lot of Nigerians are not very fond of our banks due to their high fees and inadequate customer service but at the end of the day if Nigeria is to be a truly sovereign nation, then she needs to work towards strengthening her banks. Remember the real movers and shakers in this world are the bankers. 1 Like |
Re: Nigerian National ID Project Response From Mastercard by davitogreat(m): 8:22pm On Sep 08, 2014 |
Obiagelli: Thanks for the blessings Good luck 1 Like |
Re: Nigerian National ID Project Response From Mastercard by PhockPhockMan: 8:34pm On Sep 08, 2014 |
davitogreat:Bros, have you gotten your own? I registered since December last year. |
Re: Nigerian National ID Project Response From Mastercard by PhockPhockMan: 8:55pm On Sep 08, 2014 |
Obiagelli:Why do you want to register? I thought everything about GEJ/PDP are bad. |
Re: Nigerian National ID Project Response From Mastercard by davitogreat(m): 8:59pm On Sep 08, 2014 |
PhockPhockMan: Bros, have you gotten your own? I registered since December last year. No. I have not got my card yet. They will start mass distribution of the cards very soon though. |
Re: Nigerian National ID Project Response From Mastercard by Brahms(m): 9:00pm On Sep 08, 2014 |
davitogreat: Insightful! God bless you Bro! 1 Like |
Re: Nigerian National ID Project Response From Mastercard by davitogreat(m): 9:25pm On Sep 08, 2014 |
Brahms: Thanks for the blessings. |
Re: Nigerian National ID Project Response From Mastercard by PhockPhockMan: 9:33pm On Sep 08, 2014 |
davitogreat:Thanks. |
Re: Nigerian National ID Project Response From Mastercard by NnamdiN: 10:32pm On Sep 08, 2014 |
How and where does one register? |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 10:36pm On Sep 08, 2014 |
2016 national census is months away. To me,this electronic card is a game changer in many ways. 1 Like |
Re: Nigerian National ID Project Response From Mastercard by Nobody: 12:35am On Sep 09, 2014 |
Loving it already. Thanks OP. 1 Like |
Re: Nigerian National ID Project Response From Mastercard by tit(f): 12:47am On Sep 09, 2014 |
Remove any payment portal from the national id card. the national e-id card is not a debit or credit card. |
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