The Youth Citizen Entrepreneurship Competition is an activity within the framework of the UNESCO Global Action Programme (GAP) on Education for Sustainable Development (ESD)

Credit Card with fingerprint ID

Stage of Idea conceptual stage
This bar shows in a scale of 0-10 the Factor of an idea and his owner PROPORTIONAL TO ALL OTHER IDEAS AND OWNERS - 10 is the best, 0 is the worst value. The blue bar changes constantly due to the votes, comments, ratings and activities on this and other ideas.
1 10

Explain your idea in details:

How many times have you been in a store, waiting in line and there is one person in front of you that's paying with a credit card, and they have to confirm transaction with a pin code, than you have to wait for terminal to process it. Imagine if you just put in your card and then put your finger on it and it's all done. Plus, without your fingerprint, nobody can just authorize any kind of transaction. This idea is supposed to combine high-end technology that's already in use with credit cards that already exist. Innovative approach contains fingerprint slot on the credit card, new microchip that can process it but also do simple mathematical operations and memorize your balance, and this would require production and programming of new PoS terminals and operative systems. Key goal here is to speed up the process especially if combined with Pay Pass technology and make it more secure, because fingerprints are unique and you don't have to worry about hiding your PIN code. Nilson Report estimated that losses from credit card fraud topped 21.81 billion dollars, and statistics show that 47% of the world's credit card fraud happens in USA, and 45% of this was online fraud where credit card was not present. One of the methods that's rising is account takeover which can be stopped with this idea because you can't get someone else's fingerprint. Other methods of online fraud can be stopped by OLA. Account takeover, stealing and losing cards and also counterfeit can be stopped by this idea, and these methods together take 51% of the total credit card fraud. One more possibility is - when you are ordering something online using your phone, you can confirm transaction using fingerprint scanner on your phone, after inserting your card number.

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Expected impact of your idea on sustainable development

Target group with this idea/ product is basically everyone that's already using a credit card in day to day life or someone who might begin to use it. This idea is supposed to bring more security to it's users. This idea came to life when I was working on a loyalty credit card package for one bank and I asked myself "What do people really want from a credit card. How can I bring value?" and I realized it's security for their assets. For banks this would mean making their service better and attracting new clients. This idea can be combined with existing packages or with new ones, and is supposed to bring more clients and increase the quality of credit cards and safer transactions. Success can be measured by comparing the statistics of the market before and after the implementation of the product. If a bank for example has more customers, that can be due to this innovation, but more precise KPI is number of users of this product and then tracking that number throughout time. Another good indicator is number of transaction conducted using this new technology which would give us insight in our customers habits and usage of the card, and give us information what it is that we should pay attention on or improve. If banking sector is more stable with a sustainable number of credits per year, it's more likely for a monetary system of one country to be stable too. Also, if this product attracts new customers that haven't used credit cards before, it increases number of credits and that increases personal spending that's also important part of the equation of one country's economy. Governments should stimulate personal spending and investments, to go alongside bigger number of credit loans, to increase economy growth.

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Plans for implementation and sustainability

The first stage would require research and development of the product with a team of dedicated and highly capable individuals that believe that they could build such prototype. After the prototype is built and fully functional, next stage is finding investors who would like to make investments in further production and development of the product. We would develop product with a key thought in our mind "How to make a product better? Constantly." One part of the gathered capital would be used for R&D because I believe that constant improvement is vital for competitive market, and we would also consider how can we launch new, related products. One part of the capital would be used for marketing of the product and getting businesses that could potentially buy it, informed about all the values that this idea brings to the table and why should they buy it. Also, I count on support from governments because it has implications in monetary systems and can help it's growth through increased credits and then spending and investments. If one bank buys this idea, it's the blue ocean for that organization, but also beneficial for our company because if one bank includes this product in their assortment, other banks have no choice but to follow. If all the banks are launching new product with new technology, that creates an opening for other companies to be born and produce PoS terminals, microchips and operative systems that could make transactions faster, and that's opportunity for us to sell the technology we developed at higher price because demand is bigger. Also that would raise the competition that would come up with similar products, but that can be solved through a patent.

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Your profile

My name is Stefan Bulatovi, I'm 20 years old and I study economics at University of Montenegro Faculty of Economics. I competed and won Case Study 2016 Show which is a competition in solving business problems that companies that sponsor the event give. In the same year, I competed at Case Study Competition in Zagreb, Croatia and me and my team came to finals where we got 4.85/5.00 grade. This year I formed a new team and I competed at Case Study Show 2017 where we got second place, and as a reward we got internship at one of the biggest companies in Montenegro. I'm also a member of AIESEC Montenegro.

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Comments

September 1, 2017 05:30

Dear Resiliant Entrepreneur,

It's the end of the competition, I want to urge you to not leave this community without the contact (email especially) of as many other entrepreneurs on this platform. You never can tell what your further conversations may produce.

It's the power of networking and leverage I'm talking about...
Here's my email [email protected] looking forward to hearing from you.

Regards
Seth

September 1, 2017 00:05

Thank You my fellow traveler!
All good things have an end, right!!
I must say that I found your idea truly inspiring. I would like to know more about it? Do you think you can give me more details about your proposal so I can understand it more and give ffedbakc as well as evaluate if it can be done in my country?
Have a great life ahead of you
SHUHRA

August 31, 2017 23:12

Hello my fellow traveler, How are you feeling as our road ends temporarily?
I have just seen your entry and have been thoroughly impressed by it. Will you be willing to collaborate incase you want to set it up on ground?
I would like to be in touch with you,
Cheers from Kabul.
Shuhra

August 31, 2017 21:25

Hello fellow passenger,

You might have heard the famous song "What I've done" by Linkin park. The lyrics have been beautifully carved by the late singer Chester Bennington. The song covers the ways in which our so called development has helped only a handful of the upper society members, whereas people are still living in poverty.

We have a great platform here which is urging super brains from around the world to come together and collaborate with their ideas and help make this world a better place to live in. You have been a part of this community and I congratulate you on your effort that you have put in.

Thanks once again and all the best for the future
Regards,
Team GreenSpace

August 31, 2017 21:18

There are just a few hours before the end of this wonderful competition and I want to thank you for all you did here, especially your contribution to my project. Best wishes for all your future endeavors and never give up on your dreams! Be a dreamer! That is the most important characteristic in life!
Best regards,
Andrei

August 31, 2017 21:18

There are just a few hours before the end of this wonderful competition and I want to thank you for all you did here, especially your contribution to my project. Best wishes for all your future endeavors and never give up on your dreams! Be a dreamer! That is the most important characteristic in life!
Best regards,
Andrei

August 31, 2017 21:17

There are just a few hours before the end of this wonderful competition and I want to thank you for all you did here, especially your contribution to my project. Best wishes for all your future endeavors and never give up on your dreams! Be a dreamer! That is the most important characteristic in life!
Best regards,
Andrei

August 31, 2017 20:42

hi,
All the best for your project.As today is the last day of competition I am glad that I was able to read your mind blowing project.
Best wishes for your success and thank you so much for your support on my project.

August 31, 2017 20:42

hi,
All the best for your project.As today is the last day of competition I am glad that I was able to read your mind blowing project.
Best wishes for your success and thank you so much for your support on my project.

August 31, 2017 19:48

Comrades,
In this fight for a sustainable future, what we need is innovation; something which is not necessarily new, but which makes us look at things from a different angle.

I believe this is one of the major motives of this community which we are a part of. Taking one step together hand in hand towards our goal is the only way we can achieve it.

So I wish you the very best in this endeavour of yours and hope to see you together in the new tomorrow

Regards,
Team GreenSpace

August 31, 2017 17:22

Yes, it was a wonderful journey !
a. Reading them gives me good bumps. Will you be able to give me some more details about your proposal?
b. Also, please go through my IDEA called EDU-CELL and if you like it, please vote.
c. This is what I could think when I saw your proposal. Truly inspirational and positive initiative from your side that is sending ripples amongst my friends and relatives. If you think it will be applicable in Afghanistan, please send me the details.
Thank You !
Truly, Shuhra K, Afghanistan

August 31, 2017 16:55

What a journey! I am truly amazed.
I read so many good thoughts including yours. UNESCO did a truly amazing job. And if you have already not read it, wont it be great if you have a quick glance at my IDEA called EDU CELL.
Bye for now!
Shuhra (Kabul)

August 31, 2017 16:54

What a journey! I am truly amazed.
I read so many good thoughts including yours. UNESCO did a truly amazing job. And if you have already not read it, wont it be great if you have a quick glance at my IDEA called EDU CELL.
Bye for now!
Shuhra (Kabul)

August 31, 2017 16:25

THANK YOU!
THANK YOU FOR READING MY PROPOSAL. I HAVE READ AND EVALUATED YOUR INITIATIVE AND I CANNOT BUT HELP GIVING IT MY HIGHEST COMPLIMENTS. HOW DID YOU MANAGE TO THINK OF SUCH A WONDERFUL IDEA, I WONDER?
ONCE GAIN A BIG THANK YOU FROM MY SIDE.
SK

August 31, 2017 13:53

Hello!
There are less than 12 hours before the end of this competition and we speak about the last day, last changes.. last comments. It is very exciting and I congratulate you for all the activity and time you put into this. I wish you good luck for your future plans! Keep dreaming!
Best regards,
Andrei

August 31, 2017 08:31

Hi, it's great to read your innovative idea which could help our community in different aspects. It is not easy to go through all the stages and congratulation for your great ideas, hope to see your idea will come true soon.
I would like to invite you to read, comment and even vote for my idea 'Boosting economic growth in Africa with solar energy'. If you find it great, please also share it with your friends. Thank you very much.

August 31, 2017 03:29

Dear Leader,

We are coming to the end of this awesome competition and I appreciate your efforts, drive and support on my idea, 'AfricEnergy'.

No matter how the result comes out, we should always be focused on implementing our unique ideas and projects for the improvement of the World.

Thank you for your contributions, advice and encouragement so far. I hope to connect with you via [email protected]

Best of Luck!

August 30, 2017 21:52

-------
Greetings from Afghanistan!
Awesone. Fantastic. Relevant. These are the three words that came to my mind when I read your proposal. Congratulations. If you get a moment, would you be kind enough to read my proposal (IDEAS) called EDU-CELL from Afghanistan? And if you do manage to read it, would you be kind enough to vote if you like the IDEA? And if I am not asking too much, please forward the link to your friends and family.
Thanks in anticipation!
Shuhra K

August 30, 2017 21:43

-------
Greetings from Afghanistan!
Awesone. Fantastic. Relevant. These are the three words that came to my mind when I read your proposal. Congratulations. If you get a moment, would you be kind enough to read my proposal (IDEAS) called EDU-CELL from Afghanistan? And if you do manage to read it, would you be kind enough to vote if you like the IDEA? And if I am not asking too much, please forward the link to your friends and family.
Thanks in anticipation!
Shuhra K

August 30, 2017 19:55

A quick Question to you:
If there is one country that you would like your proposal to be set up in besides your home country, which one would that be? And if your answer is Afghanistan, please do not hesitate to contact me.I am only a phone call away!
Good wishes to you.
Shuhra

August 30, 2017 15:19

Hello,
Thank you for all comments and votes and for your effort you have put into this community! There are less than 48 hours before the end of this competition and I encourage you to not give up! Keep alive your dreams!
Best wishes and good luck for the implementation of your idea!

August 30, 2017 15:18

Hello,
Thank you for all comments and votes and for your effort you have put into this community! There are less than 48 hours before the end of this competition and I encourage you to not give up! Keep alive your dreams!
Best wishes and good luck for the implementation of your idea!

August 30, 2017 06:51

Greetings my Colleague ,

Thank you for participating in that great event , it was a great nice Journey , but the best thing of it is meeting good friends here , I hope you achieve your dreams & good luck with your Idea.
thanks again & best wishes for you.

Ahmed

August 30, 2017 02:22

Hello,

This entrepreneurship-campus platform has been amazing it has enabled us to see all the enthusiasts and to share our passion and experiences to learn from each other. Good luck with your work and wishing you all the success on your journey. Please try to keep in touch; this is important to me as I find this inspirational.

I appreciate all your votes, valuable feedback, advice, and suggestions. For me it has helped me to improve my ideas and also helps me to win and learn from the ideas that you have given me.

Best of Luck! And keep it up

Kindest regards

August 29, 2017 02:50

Hello everyone,

Now we are reaching the end of the competition. I want to thank everyone who have been voting and commenting on my ideas and interest in helping support GU.

As all of you said, a visual universal language is needed for this continuously developing society. I am trying my best to launch my Gadaa Universe with the help of you and your constructive comments. We will do whatever it takes to exceed your expectations.

Best of Luck! And keep it up

Kind regards

August 28, 2017 22:07

-------------
Hello my friend,
May I entreat you to read my entry EDU CELL. I have read your and must say it is fantastic. How did you come up with the idea, I wonder? Who helped you?
Bye for now,
Shuhra.

August 28, 2017 19:05

Hello My Friend!

Thank you for being here all this while. Your dreams are valid and your project is very viable. Keep thriving and best will keep coming your way.

Best of Luck.

August 28, 2017 08:56

Hello,
Being a part of India's well known Entrepreneurship Cell of the most prestigious engineering college in India, I have interacted with many startup enthusiasts, have got to know how they think and what are some qualities that set them apart from the ones who are not able to see their idea through. Reading through your idea, I have realised that your idea has that spark which can help it become a successful venture. Coupled with its aim to help the society achieve its goals sustainably, your idea can be something quite helpful for the same.

But before it's implementation, you need to do a "pre-mortem" check on how it can fail. This would prepare you for any uncalled-for circumstances and help you prepare for them accordingly.

Lastly, I would like you to have a look at our idea, GreenSpace, and share your views about the same.

Wishing you the best,
Team GreenSpace.

August 28, 2017 08:12

Thank you very much Stephan,

As the competition draws to an end. I want to use this opportunity to specially thank everyone that have supported my idea so far (and that includes you), your contributions and criticism are well appreciated.

Thanks again and best wishes
Seth Thomas
CISTEM

August 27, 2017 15:20

Hello dear members of the entrepreneurship community,

I hope you will join us too and learn the GU universal communication system and the Gadaa system practices when the platform and the system implementations are complete and fully ready for use. This work is still under development. I will let you know once it is finished.

Please keep your constructive comments. Your feedback is important! Many thanks to all contributors!

Thank you for supporting GU project. We will notify you as soon as the platform is live.

Best of Luck!

August 27, 2017 15:09

Dear Entrepreneur,

It's a new day and few days to the end of the competition. It has been nice and encouraging having you here, on this platform. I wish to appreciate you.

Best of Luck!

August 27, 2017 00:55

Hello Great Mind,

You have come a long way with this competition and I want to congratulate you for the resilience you have show so far. I tell you what? It's not going to go unrewarded.

Bill Gates has said that "As we look into the next century, leaders will be those who empower others." I totally agree with the successful software developer!

With that, I want to honestly congratulate you once more for been a leader, especially such that will empower others!

You're relevant and I wish you the best with your project.
I wish that we could network beyond the competition,

Kindest regards,
Seth Thomas
CISTEM
([email protected])

August 26, 2017 15:48

Hello Great Mind!

Thank you for your support to AfricEnergy so far. I appreciate your kind words, positive remarks and contribution on my idea.
As you continue to progress in your quest for the improvement of the World, I wish you success and breakthrough.

Best of Luck!

August 26, 2017 15:16

Hello,

To all the people who are asking how to join once the GU platform goes live, all you need to do is to create a free account. Please keep an eye out on the website and my social media pages at: http://gadaauniverse.com/

Kind regards

August 26, 2017 14:26

Hello Great Mind!

Thank you for your support to AfricEnergy so far. I appreciate your kind words, positive remarks and contribution on my idea. As you continue to progress in your quest for the improvement of the World, I wish you success and breakthrough.

Best of luck!

August 25, 2017 12:28

Hello,
There are just a few days before the end of this stage of the competition and I want to congratulate you for all your effort you put into. All these ideas came from brilliant minds and I am sure the best one will win. I hope you will continue this idea and make impact for the local community and why not for all the world.
Best regards,
Andrei

August 25, 2017 07:15

Hello Stephan!

Thursday's Inspiration from YCEC; 'The more I want to get something done, the less I call it work.' - Richard Bach

As you progress in working hard to see to the improvement of the World through your idea, I wish you success and breakthrough.

Best of Luck!

August 25, 2017 06:55

Hello,
Being a part of India's well known Entrepreneurship Cell of the most prestigious engineering college in India, I have interacted with many startup enthusiasts, have got to know how they think and what are some qualities that set them apart from the ones who are not able to see their idea through. Reading through your idea, I have realised that your idea has that spark which can help it become a successful venture. Coupled with its aim to help the society achieve its goals sustainably, your idea can be something quite helpful for the same.

But before it's implementation, you need to do a "pre-mortem" check on how it can fail. This would prepare you for any uncalled-for circumstances and help you prepare for them accordingly.

Lastly, I would like you to have a look at our idea, GreenSpace, and share your views about the same.

Regards,
Team GreenSpace.

August 24, 2017 20:01

Hi Stefan,
Your idea is very much appreciable. People like you are a blessing to the modern world because you are utilizing your skill to help the common people. Keep this spirit throughout your life. The will to do varitiies in life opens up the door of opportunities. So keep this positive attitude always .
I wish you all the success for this competition and also please vote and comment on my project AUTOMATIC COCOA BEAN SEPARATING MACHINE, ( www.entrepreneurship-campus.org/ideas/14/6833) .

August 24, 2017 16:28

Dear community member,

As the competition deadline is approaching near, we would like some feedback regarding our idea, some ways by which we can tweak it and make it a little better and ready for future execution.
(follow this link https://www.entrepreneurship-campus.org/ideas/12/5961/comments)

Please vote and support our idea.

Thank you in advance.
Team GreenSpace

August 23, 2017 22:36

This idea sounds great I think am in love with it because my little sister was one's a victim of credit card fraud but with this idea even the most careless person is safe with his credit card. Best of Luck.
Cheers.

August 23, 2017 19:37

Hello Friend,
Your idea is really awesome! I support your idea and appreciate your effort to trying to change the world for the better.
You might have seen my IDEA called EDU-CELL from Afghanistan. If not, may I please urge you to have a look. And if you like it, may I please ask you to vote for it and even forward it to any of your friends? I will be really obliged.
Wish you the best of luck in this competition.
Sincerely yours,
S.K

August 23, 2017 19:21

Hello Stephan!

According to Wednesday's Inspiration from Youth Citizenship Entrepreneurship Competition: Don't wish it were easy, wish you were better.

Champion, we should always keep forging ahead, refining ourselves and ideas until we improve the world.

Best of Luck!

August 23, 2017 12:42

Great Minds Stefan ! You are doing great with this. I have finger print application too in my project at S-HomeDev you can check it out.
Thinking you will be a great resource person in my project too. You are doing great and wishing you the very best.

From your brother: Adedokun Ayobami

August 23, 2017 10:12

Hi,
After going through your idea, I firmly believe that you can successfully convert it to an executable project and help the society grow in a sustainable manner. I wish you the best for the same.

I would really appreciate if you could go through my idea as well(follow this link https://www.entrepreneurship-campus.org/ideas/12/5961/comments). Our idea deals with covering an otherwise unused rooftop of a building with green plants, and using that space for a multitude of activities. This would have various positive effects on the environment and also the society in general.

Thank you
Team GreenSpace

August 23, 2017 08:35

An Awesome Day to You, Dear Campus Colleague,

Cheeking through your idea and seeing it progress in this competition leaves me motivated and inspired that with us, our planet will become better and flourish in goodness and development desired by every human being with dreams and aspirations. To keep you moving and staying on in face of challenges as growing Entrepreneurs, it is my pleasure to share this link with you, "7 MOVIES Every Entrepreneur Should Watch", copy and paste this link to view; youtube.com/watch?v=s3x-_yRRUrk

All the best to you in you Idea!

Cheers
Anita Mbah.

August 22, 2017 13:32

Thank you very much for you comment, suggestion and humble advice. I really do appreciate your opinion.
Best regards,
Shuhra Khoofi from "Edu-Cell"
(https://www.entrepreneurship-campus.org/ideas/12/5830/)

August 22, 2017 07:50

Thank you Stephan.

Having you around is very encouraging and wonderful. I wish you success on your journey and you should always expect the best coming your way.

You may like to see my idea, AfricEnergy, for comments and support.

Cheers.

August 21, 2017 16:02

Hi,
Thank you if you have already commented my idea Path To Knowledge. If not, I invite you kindly to do it at: https://www.entrepreneurship-campus.org/ideas/12/5633/ I would really appreciate your opinion.
Best regards,
Andrei

August 20, 2017 06:05

Hello
Your idea is time saving, innovative and life changing. Congulatulation for such kind of innovation. Never give up until it is done.I hope to see this idea is supported and implemented.
All the best.

August 19, 2017 21:13

Hello,

I invite you kindly to please read and give some suggestions or comment my idea GadaaUniverse[GU]-Gadaa Universal Communication System and GU-Fair.

I really appreciate your contribution and would be glad to hear your advice and opinion.

Good luck with your work!

Kind regards,

Firanbek Robele

August 18, 2017 14:47

Any comments or suggestions on my idea ?

I find your entry extremely interesting indeed.

Thanks for reading my request!

THANKS IN ADVANCE FOR PUTTING THE EFFORT IN ANSWERING MY QUERY!

August 18, 2017 09:19

Hello,
I invite you kindly to comment my idea Path To Knowledge. I would be glad to hear your advice. I have written this message after I commented almost all ideas and projects and probably yours too. I am deeply sorry if this message bothered you, but everyone on this platform wants to go to the finals with his/her idea and makes all it is possible to get there. Maybe not all the actions are fair. Some participants copies the same meaningless message and paste it to all ideas. I just do marketing. Again, I am sorry if this message disturbed you.
Kindest regards,
Andrei

August 18, 2017 06:19

Hello,

This is a very impressive idea and it will surely be beneficial for all the young minds looking for an opportunity.
It looks promising and executable
Congratulations for all your efforts and for your project.

Good luck
Regards

Shuhra Koofi.

August 15, 2017 03:23

Hello Stephan!

You have a strong innovative idea, which involves high end technology, which promises High level of account security. Congratulations for your strong mind and effort. I wish, you success!

Best of Luck!

August 9, 2017 11:05

Your idea is totally great. Even it is a combination of what already exist, it is more innovative than many other inventions. Again, I like your concept and there is nothing to stop you on the road of the implementation of this project. Keep continue it,
Andrei

Prathvi

June 29, 2017 21:45

Your idea is upto the mark,but my question is we all put credit card in our purse/wallet on the back side of pants/trouser/jeans pocket and there is many things we put in our wallet,so when we sat on a chair,bed,etc the chances of damaging of fingerprint scanner id is more. You have to make it shock & liquid proof.

June 23, 2017 16:43

Joshua, that's right. With increased credits, people have more money, if people have more money and government stimulates investments, there is a path to development. With more investments and spending, there are more startups, and with them the demand changes, and with demand changes my idea, we adopt it so we can increase the quality of service.

June 23, 2017 16:09

Your Idea is highly scalable and timely. As the number of credit cards users rise along with the growing security concerns,it will do very well in the startup ecosystem. Good thinking.

June 23, 2017 15:52

Seth, thank you very much for your comment. I hope this idea really gets through, it would mean the world to me because I spent a lot of time working on it.

Thank you once again!

June 23, 2017 00:48

I'm wowed actually by your idea, really. I like the innovation you're giving to it. I tell you this will turn out to be a mega project indeed, I mean world class! Keep it up!

You know that feeling of seeing Movie fictions coming real? That's what your idea looks like and I believe it strong!

Ride on bro, you got ma support, you've got a future with this!
Regards!