ATMs
20 Feb
The spate of attacks on Automated Teller Machines (ATM) has called for concerns with security experts giving solutions on how to combat the situation. Cyber security expert, Adeniji Ilerioluwase said that the most commonly used malware by cyber criminals is known as Tyupkin. This malware makes ATMs dispense cash on demand without the use of…
14 Jan
Some residents of Ibadan have decried the persistent cash scarcity, even asamidst banks and Point of Sales (PoS) operators are trading blames over the situation.
27 Dec
Added to the economic slowdown and cash crunch challenges that took the shine off the 2023 festive period, sluggish payment digital channels have compounded the woes of Yuletide.
22 Dec
House of Representatives, yesterday, asked its Committees on Banking Regulations, Digital and Electronic Banking to invite the Minister of Finance, National Planning and Budget, and Governor of the Central Bank of Nigeria (CBN) to explain why commercial banks are not paying customers Over The Counter (OTC) and Automated Teller Machines (ATMs).
12 Dec
The Central Bank of Nigeria (CBN), yesterday, made a U-turn on ‘penalties’ on deposits in excess of N500,000 (for individuals) and N3 million (in the case of corporate entities) in what appears like a desperate effort to oil the seemingly cash-starved banking system.
27 Mar 2023
From Lagos to Enugu and Kano to Port Harcourt, there seems to be a breather, at last, for cash-strapped Nigerians, as part of the hitherto withheld banknotes made their way to Automated Teller Machines (ATMs) and banking halls for those who need cash for transactions.
24 Mar 2023
About N3.62 billion fraud have been perpetrated through the Automated Teller Machines (ATMs); Point of Sales (PoS) machines, mobile and other electronic channels and cash as of third quarter of 2022.