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Processing Payments Using a Smart Card System

15 Processing Payments Using a Smart Card System [Pg.170]

The flow diagram illustrates a possible way of organizing the activities related to the payment and reconciliation process. [Pg.170]

The management information system (MIS) creates the list of beneficiaries. This ccn-tains details about the amount of benefits they are supposed to receive and the type of compliance required. [Pg.170]

The listof beneficiaries is sent to the bank, mobile system, or service prcviderfrcm which the beneficiaries will receive payment. [Pg.170]

Payment takes place. Beneficiaries collect the benefits at a bank cr frcm a mobile system or service provider. For this transaction, they may use a card ccntaining identification data or identifying biometrics. [Pg.170]


BOX 5.15 Processing Payments Using a Smart Card System... [Pg.170]




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CARDS

Carding

Carding process

Payment

Payment systems

Processes using

Smart cards

Smart systems

Use Process

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