Mob butchers, burns two suspected armed robbers in Bayelsa
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.
‘How agent banking will drive innovation, inclusion’
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.
How To Spot And Avoid Credit Card Skimmers
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…
Financial inclusion agents decry challenges with PoS, others
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....
Global Accelerex bags CBN award for PoS transactions performance
Global Accelerex Limited, one of Nigeria’s leading payment terminal service provider and payment solution service provider, has been rewarded for its exceptional performance in the Nigerian electronic payment ecosystem for 2018....
NIBSS’ alleged terminal failure rocks e-payment transaction
The deluge of dispense error and non-reversal of failed transactions at the Point Of Sale (POS) terminal and ATM, have been largely attributed to the Nigeria Inter-Bank Settlement System (NIBSS). The blame is coming as the platform of the institution that is strategic for clearing and settlement of inter-bank transfers and payments, has been reportedly…
AMMAN, others seek review of PoS guideline for agent business
Electronic payment stakeholders have urged central bank of Nigeria (CBN) to urgently review its guideline on the use of point of sale (PoS) terminal in the country.
Rivers traders go cashless, embrace POS
When the Central Bank of Nigeria, (CBN), introduced the Point of Sale (POS) system in 2012, to further drive home its cashless policy, which is aimed at improving efficiency and enhancing the payment system, some persons at the informal sector, especially petty traders...
Stakeholders seek mandate for ejournal implementation in PoS terminals
Stakeholders in the electronic payment ecosystem have urged Central Bank of Nigeria (CBN) to mandate Payment Terminal Services Providers (PTSPs) to implement electronic journal at point of sale terminal transactions to restore confidence of merchants in the system. They stated this at Point of Sale (PoS) Innovation Summit with the theme: “Expanding Retailers, Merchants Possibilities’,…
Experts to discuss challenges hindering PoS adoption in Nigeria
Challenges confronting the deployment of Point of Sales (PoS) will be a major discussion at the third quarter edition of the PoS Innovation Summit, scheduled for September 19, in Lagos.
When thieves use PoS to do their business
Recently, there have been reported cases of robbers snatching people’s Automated Teller Machine (ATM) cards to withdraw money; using Point of Sale (PoS) device to accomplish their criminal acts.
FinTech stakeholders urge banks to improve PoS capacity
According to them PoS has an important role in Central Bank of Nigeria (CBN) financial inclusion policy.Emmanual Agha, managing director, Innovectives LLC, who delivered keynote at the event, said that PoS device is like a mini bank where bank customers can do everything they can do in a banking hall.