5 h. ago Secure Foreign Card Transactions Nationwide, CBN Mandates Banks

The Central Bank of Nigeria (CBN) has instructed deposit money banks and non-bank acquirers to introduce multi-factor authentication for foreign-issued card transactions that exceed $200 daily. The directive was contained in a circular dated December 18 and signed by Rita Sike, director of the financial policy and regulation department. The apex bank also extended the […]

Politics

13 h. ago CBN Directs Banks To Configure ATMs, POS Terminals For Foreign Card Transactions

In a bid to ensure uninterrupted and efficient transactions for users of foreign-issued payment cards across Nigeria, the Central Bank of Nigeria (CBN) has directed banks and non-bank acquirers to configure all automated teller machines (ATMs), POS, and virtual terminals to accept international cards with Nigerian acquirers, comply fully with card association standards, and possess […] The post CBN Directs Banks To Configure ATMs, POS Terminals For Foreign Card Transactions appeared first on Information Nigeria.

Politics

19 h. ago CBN mandates banks to secure foreign card transactions nationwide

The Central Bank of Nigeria (CBN) has instructed deposit money banks and non-bank acquirers to introduce multi-factor authentication for foreign-issued read more CBN mandates banks to secure foreign card transactions nationwide

Politics

19 h. ago ICYMI: CBN orders banks, financial institutions to allow uninterrupted ATM, POS services for foreign cards

The Central Bank of Nigeria (CBN) has issued a fresh directive to banks and other financial institutions aimed at easing read more ICYMI: CBN orders banks, financial institutions to allow uninterrupted ATM, POS services for foreign cards

Politics

26 h. ago CBN moves to ease foreign card usage for tourists, returning Nigerians

orders banks, financial institutions on uninterrupted ATM, POS services for foreign cards The Central Bank of Nigeria (CBN) has issued read more CBN moves to ease foreign card usage for tourists, returning Nigerians

Politics

5 d. ago Dangote Appoints Former CBN Director Mahmud Hassan As Group Chief Economist

Dr Hassan brings more than 30 years of experience in economic policy formulation, financial sector regulation, and central banking. The post Dangote Appoints Former CBN Director Mahmud Hassan As Group Chief Economist appeared first on Channels Television.

Politics

7 d. ago CBN orders PoS operators to connect to NIBSS, UPSL within 30 days

The Central Bank of Nigeria (CBN) has directed all Point of Sale (PoS) operators and payment service providers to establish dual connectivity with the Nigeria Inter-Bank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL) within 30 days...

Politics