30 results
- 31 May 2010
eTranzact launches ‘Genesis’ Chip & Pin Card
eTranzact has launch its Genesis Chip & Pin Card. The eTranzact Genesis CHIP+PIN Card which is an EMV compliant card was unveiled and presented to an audience in Lagos by Mr. Valentine Obi, MD of…
- 16 Feb 2009
Intercontinental Bank Migrates to Chip & Pin Card
Intercontinental Bank has become the first bank to migrate to the newly launched Verve Chip and Pin debit card by InterSwitch with the unveiling of Intercontinental bank Verve Card. Erastus…
- 2 Nov 2009
Bank Issues Deadline on Migration to Chip & Pin Cards
Banks in Nigeria have said that the present magnetic stripe cards would stop to work soon and urged their customers to migrate to the chip and pin, Nigeria CommunicationsWeek has learnt. This is…
- 22 Jun 2009
IBPlc Pioneers EMV, Spends N200m on Chip & Pin Card
Intercontinental Bank Plc, Nigeria’s financial powerhouse, has spent some N200 million to produce Europay MasterCard and Visa (EMV)-compliant chip and pin based cards issued to its account…
- 19 Mar 2018
Kaspersky says POS Malware Targets Chip and PIN Cards
Researchers from Kaspersky Lab researchers have discovered that the cyber criminal group behind the Prilex point-of-sale (POS) malware now have the ability to turn stolen credit card data into…
- 23 Nov 2009
Banks Spend N400m on EMV Software Upgrades
Banks in Nigeria have spent some N400 million to upgrade their front end processors to EMV standard in full compliance to Central Bank of Nigeria’s (CBN) directive to all commercial banks in…
- 9 Feb 2009
Nigeria Should Take Advantage of Convergence- Oguntonade
Deji Oguntonade is the managing director of 3Line Card Management Company Ltd, a company set up to bridge the gap in service delivery. Oguntonade reputed for his strength in innovation, human capital…
- 11 Jan 2010
ATM: Most Banks Yet to Comply with EMV Standard
Only five out of the 24 banks in the country have migrated from the old magnetic stripe cards to the required Europay MasterCard Visa (EMV) technology-backed chip and pin card meaning that the rest…
- 18 Jun 2012
ATM Fraud Records Significant Reduction
Automated Teller Machine (ATM) fraud which has created fear in use of e-payments products has recorded a significant 98.5 per cent reduction, thanks to chip and pin technology, Nigeria…
- 16 Feb 2009
ATM Fraud Awareness is Education-Elegbe
Mitchell Elegbe is managing director/CEO, InterSwitch Limited, one of Nigeria’s major switching companies. Elegbe has significant exposure and in-depth knowledge of the industry, both…
- 31 Aug 2009
FCMB Begins Issuance of Verve ATM Debit Cards
First City Monument Bank (FCMB) Plc has begun the replacement of the Magnetic-Stripe ATM Debit cards used for many electronic banking services at its various Automated Teller Machines (ATMs) and…
- 10 Aug 2014
Revealed: mPoS Devices at Risk from Hackers
Researchers have found that most popular mobile point of sale (mPoS) devices which accept chip-and-pin cards contain several vulnerabilities, Jon Butler, head of research at MWR InfoSecurity, and a…
- 30 Mar 2009
Banks Rush to Beat April 1 Deadline on EMV
Nigerian banks are making last minute efforts to avoid Central Bank of Nigeria’s big stick for non compliance to the directive to upgrade their electronic payment channel to European MasterCard…
- 25 Jan 2010
Banks Issue 31m ATM cards
A total of 31million Automated Teller Machine (ATM) cards have been issued by 23 of the 24 consolidated banks in the country, Nigeria CommunicationsWeek has learnt. An ATM card also known as a bank…
- 12 Mar 2012
CyberCrime : Lawmakers Shelf Bill, Seek Harmonization
The bill to address risks associated with the use of e-payment channels is back to the drawing board after lawmakers withdrew the all important document for harmonization leaving the industry still…
- 21 Dec 2009
Nigerians Do Not Respect Credit - Okonyia
Robert Okonyia is the managing director/CEO, Bocal (UK) Limited, a consultant firm offering services to financial institutions on payment solutions. Bocal has been doing that for banks in conjunction…
- 14 Sept 2016
PCI SSC Beefs Up Standards for Point-of-Interaction Devices
The PCI Council has updated its payment device standard to enable stronger protections for cardholder data and PINs on chip and mag-stripe cards and mobile devices, according to the council. Version…
- 27 Mar 2014
Big Data: Fraud, Finances
Financial institutions have been working hard to implement technologies which better protect them and their customers. Innovations such as chip and PIN have made cards more secure, while the…
- 17 Aug 2010
Visa Card Beats Competition, Now Market Leader in Nigeria
Bursts of the transactions with Visa card on Automated Teller Machines (ATM) and Point of Sale Terminal (POS) have suddenly and surprisingly pushed Valucard Plc to the top of the e-payment processing…
- 14 May 2018
FirstBank Introduces Contactless Naira Mastercard
First Bank of Nigeria Limited has introduced the Contactless Naira Master Card to its array of debit cards to promote convenience, ease of transactions and the security of funds. FirstBank…
- 9 Feb 2009
New Chip Card Renders 28M ATM Cards Useless
More than 28 million users of Automated Teller Machines (ATMs), will require new ATM cards to use the computerized devices that provide financial transactions without the need for bank teller,…
- 25 May 2009
EMV: Banks Continue to Issue Old ATM Cards
Some banks are still issuing magnetic stripe cards to customers in apparent disregard of the Central Bank of Nigeria (CBN)’s directive to all commercial banks to stop issuing the old Automated…
- 21 Dec 2009
ATM Transactions Hit 110m in November
The volume of transactions on electronic payment devices such as the Automated Teller Machines (ATM) and Point of Sale terminals (PoS) dropped to 110 million last month due to the migration from the…
- 10 May 2015
Unified Payments Partners Six banks on PayAttitude Payment Solution
Unified Payment Systems has collaborated with six money deposit banks in the country to launch PayAttitude a payment solution that works without communications network. PayAttitude is a unique…
- 23 Nov 2009
Use of Electronic Payment Card Based on Integrity- Adeniji
Jonathan Adeniji is the managing director/chief e-business strategist of Isocket Limited, an e-business evolution strategy and design consulting firm. He is a certified internet webmaster…
- 19 Dec 2016
Zenith Bank, Mastercard Partnership Set to Strengthen Ghana’s Banking System
Mastercard and Zenith Bank have extended their partnership in West Africa to now include Ghana. The agreement is geared towards issuing a suite of digital payment solutions that include prepaid,…
- 21 Jul 2008
New ATM Cards to Cost Banks N11bn
The financial industry will spend at least some N11 billion in the unification of cards technology and upgrade of their platforms to EMV compliant chip cards, Nigeria CommunicationsWeek…
- 19 Feb 2015
Global Payout Gets Approval for Prepaid MasterCard Card
Global Payout, Inc., a prepaid card program manager and domestic and international payment gateway solutions provider, announced that it has received approval to launch what it says is the first…
- 22 Jun 2009
Bukar Charges Stakeholders on EMV compliance
Kyari Bukar, managing director, ValuCard Nigeria has urged for a more rapid adoption of and compliance with EMV principles and practices by all stakeholders in the e-payment industry. This is…
- 4 Aug 2015
Mahindra Comviva’s payPLUS mPOS Solution is Now Visa Ready Approved
Mahindra Comviva, the global leader in providing mobility solutions, has announced that its payPLUS mPOS solution has been approved by Visa for inclusion in the Visa Ready Program. The solution…