Monday, February 14, 2011
First Bank of Nigeria has introduced new biometric Automated Teller Machines (ATMs)
Posted on 9:34 PM by Unknown
First Bank of Nigeria
A biometric ATM using fingerprint authentication
First Bank of Nigeria has introduced new biometric Automated Teller Machines (ATMs) to improve security security of its customers transactions and explored the unbanked segments across Nigeria
The bank says that the biometric ATMs will use fingerprint authentication as well as personal identification number (PIN) for the approval of their transactions to secure their funds, a drive that also aligns with the financial inclusion initiative promoted by the Central Bank of Nigeria.
The new technology would be available to existing cardholders, who may wish to add biometric authentication as part of their transaction approval process on the bank’s ATMs in addition to PIN selection while new cardholders will henceforth be migrated to the new platform.
First Bank says new cards will henceforth feature the fingerprint authentication feature and will also come in handy for those who cannot read nor write as well as the elderly who would be issued cards with only biometric authentication functionality.
CEO, First Bank of Nigeria
He says the biometric ATM is a pioneering move by First Bank in the Nigerian banking sector leveraging on the Customer Identification System (CIS) platform. It was launched at the bank’s head office in Marina , Lagos
Group Head, E-business of FirstBank, Chuma Ezirin, notes that in the increasingly technology-driven business environment, First Bank is keen to providing solutions that are relevant to its customers’ dynamic needs.
The biometric ATM solution is available to the existing cardholders, who may wish to add biometric authentication as part of their transaction approval process on our ATMs in addition to PIN selection, while systematically new cardholders would be issued cards with only biometric authentication functionality, he adds.
Ezirin add that the use of customers’ biometric features for authentication is to enhance security and also addresses challenges of migrating diverse segments of customers to electronic channels which provides conveniences to its customers.
Onasanya adds that the bank intends to do alot of massive campaign to bring the new technology to the knowledge of the public, adding that “we acknowledge the fact that some people also avoid using ATM because of the fraud issue but with added technology on biometric ATMs, it is easier and safer for our customers to use.”
Additionally, Ezirim says “this is a great feat for the bank especially at this period where fraud prevention and building customer confidence on the use of electronic channels are key customer acquisition and retention strategies. This would also drive financial inclusion, a Central Bank initiative to address the banking needs of the unbanked population.’
The deployment of the new biometric solution, according to him, is a giant stride for the Bank as it not only provides convenience and security to our diverse customer segments, but also aligns with financial inclusion strategy of the Central Bank of Nigeria
Feel Free to share this blog post with your friends using the share buttons
below this post and the share button at the top right corner of this page.
If you have anything to contribute or ask, kindly make use of the comment
Form below.
Please, do not forget to SUBSCRIBE to this blog, so that you can be
Receiving future Information Technology News, money making tricks, browsing Cheat, latest I.T Jobs, latest I.T career article, Hardware Tips, Software/Programming Tips, Mobile/Telecommunication news, Updates on IT Certifications DIRECTLY into your email inbox, even when you are not online.
You can Subscribe by making use of the Subscription box at the top right corner of this website or the one at the below of this blog post.
We also offer:-
- Repairing of both Laptop and Desktop Computer
- Setting up of Cybercafé
- Networking of office System
- Sales and Installation of Software’s
- Sales of Hardware Component for both Laptop and Desktop Computer
- Sales of both Laptop and Desktop Computer @ a very cheap price(New and Tokunbo)
- Designing of Website for client
- Application Developing
- Internet Connection for just N1500 per month
Sales of ebook:-
- How to Start a Recharge Card Printing Business with a little Capital and Make Huge Profit
- How to be a Bulk Sms Consultant and make over 90,000 Monthly
- Football Trading (How to make money from Football matches played aroung the Globe)
- Forex Trading Manual
- How to Make over N50,000 selling TYRE PROTECTOR
- How to Make over N76,500 selling FIRE BALL EXTINGUISHER an Alternative to Fire Extinguisher.
NOTE: If the LINKS are NOT clickable, it simple means you are not reading
this at www.olamoshsystem.com. So, visit HTTP://WWW.OLAMOSHSYSTEM.COM now to read
the original article.
Phone number: 08026652529, 07034628261
E-mail Address:olamosh.system009@gmail.com
Join me on facebook:www.facebook.com/olamoshsystem
Subscribe to:
Post Comments (Atom)
Feedage
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
No Response to "First Bank of Nigeria has introduced new biometric Automated Teller Machines (ATMs)"
Leave A Reply