Central Switch to curb ATM fraud, enhance e-banking services
Fraudulent activities in the use of the Automated Teller Machine (ATM) and other e-banking services will soon be a thing of the past with full implementation of the Central Switch of the Central Bank of Nigeria (CBN). NCS is designed to provide interconnectivity and interoperability amongst approved electronic fund transfer (EFT) switch initiatives in Nigeria.
The Central Switch is expected to solve the problems of connectivity and other hitches while using ATMs or other e-banking products on Pont of Sales (POS) terminals.
More so, efficiency in transactions will be better guaranteed, and assure lowered processing time for transactions, using any bank’s card within banking halls or any other bank outlet.
Article continues here: http://www.businessdayonline.com/index.php?option=com_content&view=article&id=3504:central-switch-to-curb-atm-fraud-enhance-e-banking-services&catid=54:banking-finance&Itemid=326
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Celufo is managed by H. Van de Vyver
After 10 years of professional experience in the industry as Project Manager and Marketing Manager in Belgium and abroad (Germany, Mexico), he started a new career for 15 years in the banking sector as a Private Banker and later as an expert in electronic marketing and communication for banking.
He has held many seminars in Eastern Europe and also in Asia (Mongolia, Vietnam), in Africa (Rwanda) and in Latin America (Mexico)
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