The creation of the agent banking system by the Central Bank of Nigeria CBN) and the subsequent roll-out of point of sale (POS) terminals have been described as a policy masterstroke in boosting...
Technology makes life more comfortable but it does not necessarily make life cheaper. This is not truer of the banking sector.
The Point of Sales (POS) system of payment for business transactions has come to the rescue of bank customers, who spend hours on long queues at banking halls to withdraw, transfer and deposit money...
31 Oct 2021
The Lagos State Neighbourhood Safety Agency (LNSC) and Public Service Office (POS) have emerged winners in the male and female categories of the Head of Service Games football event played at the Mobolaji Johnson Arena, Onikan in Lagos.
27 Aug 2021
A 29-year-old commercial motorcyclist, Victor Ukachuckwu, has confessed to using an online application he downloaded from the Internet to defraud Point of Sales (POS) operators in Ondo State.
9 Jul 2021
The Central Bank of Nigeria (CBN) has released a supervisory framework for payment service banks (PSBs) to streamline their operations and deepen financial inclusion.
22 Apr 2021
It was a lovely surprise to receive in the mail this past February a cheque from my bank. The letter went on to explain that after an audit they found out that the customer service I received in 2016
29 Mar 2021
The POS Merchants Association of Nigeria has called on the Central Bank of Nigeria (CBN) to change its policy to charge-back claims on POS transactions as fraud increases.
24 Jan 2020
An angry mob yesterday burnt to death two armed robbery suspects, who specialise in robbing Points of Sales (POS) business outlets in Yenagoa, Bayelsa State capital.
17 Oct 2019
Experts have identified agent banking and Point of Sales (PoS) terminals as major enablers of last-mile access to formal financial services by the unbanked and under-banked population in Nigeria.
23 May 2019
If you’re lucky, you've never encountered a card skimmer. If you never let your credit (ATM) card out of your sight, how do these thieves get your ATM card information? They get it through the Credit Card Skimmer; these small, illegal devices fit on top of real card readers at self-service sale terminals. They’re designed to…
19 Apr 2019
As the central bank of Nigeria (CBN), drives financial inclusion with giant strides and NIBBS upgrading her system to accommodate the projected 600m point of sale (PoS) terminal transactions this year....