VeriFone Mobile Money and Airtel Africa Group Announce Master Agreement for the roll out of Merchant Enablement across Africa 20thAugust 2014 – Nairobi, Kenya –VeriFone Mobile Money and Airtel Africa, part of the Bharti Airtel Group today announced that they had reached an agreement to offer VeriFone Mobile Money’s merchant enablement applications for mobile Tap […]
In further demonstration of its leadership role in the e-payment industry, Unified Payments is pleased to announce its pioneering role in processing the payment application in the new National Electronic ID Card (eID) being issued by the National Identity Management Commission (NIMC). With the eID card, citizens will have the ability to deposit funds, receive […]
THE Economic and Financial Crimes Commission (EFCC) has arrested three suspects, who allegedly attempted to compromise the Enterprise Bank’s system and steal depositors’ funds. The suspects were said to have failed to get access to the bank’s network. A statement yesterday in Abuja by EFCC’s Head of Media and Publicity, Mr. Wilson Uwujaren, said the […]
There is mixed reaction among Nigerians as the N65 charge on Automated Teller Machine (ATM) transaction begins today. The remote-on-us ATM transactions as directed by the Central Bank of Nigeria (CBN) on (other banks ATMs) withdrawal, was cancelled in December 2012 by the CBN under the leadership of ex-Governor Sanusi Lamido Sanusi, citing the need […]
Global payment company, MasterCard Incorporated, says the new national electronic identity card will grant Nigerians greater access to banking services. The company had partnered with the Nigerian Identity Management Commission, Access Bank Plc and other companies to launch a new electronic identity card in Abuja on Thursday. The eID card was launched by President Goodluck […]
Sterling Bank Plc’s electronic payment system has been recertified by the Council of Payment Card Industry, the global body that certifies organisations which keep cardholders’ information. The lender said the recertification came barely one year after it received its first certification.According to the lender, the development is in recognition of its compliance with standard practice […]
Sustenance of stakeholder value in the nation’s banking sector may remain a pipe dream unless the current rising cost of compliance breaches by banks with its attendant reputation damage is radically tackled. The Managing Director of Heritage Bank, Mr. Ifie Sekibo, said this during a goodwill message to members of the Committee of Chief Compliance […]
Many bank customers have expressed displeasure at the recent introduction of a N65 Automated Teller Machine fee. But the Central Bank of Nigeria and the Bankers’ Committee are going ahead with its implementation from September 1 (today). The issue, however, is whether this can lead to better service delivery as promised by the banks, OYETUNJI […]
Ecobank Nigeria says it is committed to boosting the Central Bank of Nigeria’s financial inclusion programme. As a result, the bank said it had allotted over N10m cash prizes for prospective winners in its new deposit promo titled “Giant prize give away” According to a statement by the bank, the promo will run from September to February […]
The implementation of a N65 charge on remote-on-us ATM withdrawals recently announced by the Central Bank of Nigeria (CBN) will commence today. Remote-on-us are transactions done by a card holder on another bank’s ATM. Although some bank customers have expressed displeasure over the policy, the central bank had explained that it would, engender competition among […]