Qi Card

The Qi Card is an Iraqi debit card and is the national credit card of Iraq. It is pronounced as 'key', and it is the reversed form of iq, the ISO 3166 code for Iraq.

History

Iraq's two biggest state-owned banks, Rafidain Bank and Rasheed Bank, together with the Iraqi Electronic Payment System (IEPS) have established a company called International Smart Card, which have developed a national credit card called 'Qi Card'. The card is issued since 2008. According to the company's website: '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.

QI card is similar to other credit cards recognized worldwide with essential difference that the smart card deals with balances without direct contact with the server which is called (offline) to facilitate business in regions of no good telecommunication networks .

External links

The Company's Official Website

Resources

http://www.rasheedbank.gov.iq/e-scard.htm

Credit, charge, stored-value, and debit cards

Major cards	American Express Diners Club MasterCard Debit MasterCard Maestro Visa Visa Debit Visa Electron

Regional and specialty cards	BC Card BCA Card Carte Bleue China UnionPay Dankort Discover EFTPOS Electronic Payment Services (EPS) Girocard Interac JCB NETS RuPay UATP V PAY MEPS

Stored-value cards	Touch n Go EasyCard Octopus card EZ-link Shanghai Public Transportation Card Yikatong Shenzhen Tong Suzhoutong Yang Cheng Tong

Defunct cards	Access Bankcard Carte Blanche Choice enRoute Eurocard Everything Laser Rail travel card Revolution Card Solo Switch

Accounts	Bank card number Card enclosure Credit card balance transfer Credit limit Revolving account Deposit account Current/Checking account Savings account

Debt	Cash advance Charge-off Maxed out

Interest	Grace period Introductory rate Universal default

Payment	Card not present transaction Chargeback Controlled payment number Dispute

Interchange fee	Interchange fee Surcharge

Security	Card security code Chargeback fraud Credit card fraud Credit card hijacking Enculturation

Technology	Automated teller machine Chip and PIN Contactless payment Credit card terminal EMV Interbank network Magnetic stripe card Smart card