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Nairaland Forum / Nairaland / General / Business / Biometrics To Replace Atm's Soon - CBN (25487 Views)
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Biometrics To Replace Atm's Soon - CBN by RealNaijaQuin: 3:01am On Nov 21, 2017 |
The Central Bank of Nigeria (CBN) says biometrics will soon be used for transactions on the automated teller machine (ATM). Pin codes are currently being used. Dipo Fatokun, chairman, Nigeria Electronic Fraud Forum (NeFF) and CBN director of banking and payment system, made this statement at 2017 annual retreat of the Nigeria Electronic Fraud Forum (NeFF) in Ibadan during the weekend. Fatokun said the introduction of biometrics would help in the fight against electronic fraud. He said sharing ATM pin codes with a third party is against the policy of banking sector but could not be avoided in some circumstances especially in situations where the account owner is not literate or incapacitated. “Your pin and account details are not supposed to be disclosed to third person but as you rightly said, we have some people who are not literate or incapacitated and that makes them to disclosing their details to third party,” he said. “What we are canvassing is that in a time soon to come, with the BVN in place, biometrics will be used for transactions on ATM. “That means if you want to transact with your ATM, you will need to use your biometrics. There is no way you can give your finger to a third party. If that is enabling, it will make our system to be more secure and make all our transactions to be validated. “But biometric electronic devices are very expensive because of the technologies involved but I am sure, we shall get there soon.” Source: http://www.reporter247.org/2017/11/man-scams-people-by-sending-them_21.html 4 Likes
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Re: Biometrics To Replace Atm's Soon - CBN by RealNaijaQuin: 3:03am On Nov 21, 2017 |
cc: Lalasticlala mynd44 Dominique |
Re: Biometrics To Replace Atm's Soon - CBN by Maisillion(m): 3:05am On Nov 21, 2017 |
Thats good nt until they start cutting people fingers off.this might be the worst 134 Likes 6 Shares |
Re: Biometrics To Replace Atm's Soon - CBN by 4kings: 4:14am On Nov 21, 2017 |
Maisillion: ![]() ![]() ![]() ![]() That's an interesting and scary possibility. 28 Likes 1 Share |
Re: Biometrics To Replace Atm's Soon - CBN by amunkita(m): 4:51am On Nov 21, 2017 |
People would exhume corpses just to get their fingers.. Ambulance would be seen queuing at ATM gallery... Finally, thumps would start missing nd won't be surprise seeing people protect their fingers with "burglary proof"... 94 Likes 2 Shares |
Re: Biometrics To Replace Atm's Soon - CBN by crownedprinz(m): 7:49am On Nov 21, 2017 |
hian.......abek oh......what if the bad guys start cutting thumbs off?? see examples above me 3 Likes |
Re: Biometrics To Replace Atm's Soon - CBN by Nobody: 7:49am On Nov 21, 2017 |
Ok Anti-Christ loading It won't be possible. Not in my generation 42 Likes 1 Share |
Re: Biometrics To Replace Atm's Soon - CBN by jashar(f): 7:49am On Nov 21, 2017 |
![]() ![]() ![]() Banks would start charging for 'Finger Maintenance Fee'. 113 Likes 12 Shares |
Re: Biometrics To Replace Atm's Soon - CBN by GlorifiedTunde(m): 7:49am On Nov 21, 2017 |
Good |
Re: Biometrics To Replace Atm's Soon - CBN by oscarnoble(m): 7:50am On Nov 21, 2017 |
Nawa oo |
Re: Biometrics To Replace Atm's Soon - CBN by theunnamed: 7:50am On Nov 21, 2017 |
This is not good 1 Like |
Re: Biometrics To Replace Atm's Soon - CBN by 989900: 7:50am On Nov 21, 2017 |
I will never subscribe to this . . . might be good for some people though. 1 Like |
Re: Biometrics To Replace Atm's Soon - CBN by RichiB(m): 7:50am On Nov 21, 2017 |
This is not making sense expecially in nigeria where the biometric machines will not be maintained or in a case where one is hospitalised and need to make payment before medication is rendered. 23 Likes 3 Shares |
Re: Biometrics To Replace Atm's Soon - CBN by classicalbenson(m): 7:50am On Nov 21, 2017 |
at least my pospsi wount be sending me to go and stand on the long queue for him he will be going himsef 15 Likes 1 Share |
Re: Biometrics To Replace Atm's Soon - CBN by IMASTEX: 7:51am On Nov 21, 2017 |
Okay. But phasing out ATM codes completely will be a challenge to the incapacitated ones. 4 Likes |
Re: Biometrics To Replace Atm's Soon - CBN by holusormi(m): 7:51am On Nov 21, 2017 |
This is the stupidest shii AV heard all day , what if there's an emergency and the acct owner can't physically go to the atm to withdraw cash , what do we do ?? Cut the account owner's fingers or remove their eyeballs ?? The people making these decisions are too stupid to be alive Abeg 31 Likes 1 Share |
Re: Biometrics To Replace Atm's Soon - CBN by phpfx(m): 7:52am On Nov 21, 2017 |
very dumb idea.... it kills the purpose of the invention of ATM in the first place. its better I stand in queue inside the bank with AC than outside....since they are the same cus I must still be the one to transact myself in cases of people who lost their life or who is too I'll to go to the ATM and needs bills for medical care nko? 5 Likes |
Re: Biometrics To Replace Atm's Soon - CBN by ThinkWISELY(m): 7:52am On Nov 21, 2017 |
1 Like |
Re: Biometrics To Replace Atm's Soon - CBN by PissedOffWeed(m): 7:52am On Nov 21, 2017 |
Don't wanna lose my damn finger you leeches!!! 8 Likes 1 Share |
Re: Biometrics To Replace Atm's Soon - CBN by GAZZUZZ(m): 7:52am On Nov 21, 2017 |
Not cool. Robbers will take off fingers. 2 Likes 2 Shares |
Re: Biometrics To Replace Atm's Soon - CBN by IamProdigy: 7:52am On Nov 21, 2017 |
Thats the Future! Let's make your Firm a logo plus a letterhead and business card at an affordable rate... And the last two @1k... See link in my signature for detail. |
Re: Biometrics To Replace Atm's Soon - CBN by Millz404(m): 7:52am On Nov 21, 2017 |
There should better make it an option. I am not ready to lose a finger |
Re: Biometrics To Replace Atm's Soon - CBN by BigBelleControl(m): 7:52am On Nov 21, 2017 |
What about those who need to make withdrawals but are in the hospital? What about handicaps with no fingers? What about those who may lose their fingers to accident? What if the finger print is cloned? No perfect security feature exist but the card and the pin is still a convenient option. 6 Likes 1 Share |
Re: Biometrics To Replace Atm's Soon - CBN by itiswellandwell: 7:52am On Nov 21, 2017 |
Better |
Re: Biometrics To Replace Atm's Soon - CBN by nattyGENT: 7:53am On Nov 21, 2017 |
So na now crime for papa & mama to send pikin ATM? Misplaced priority, any customer the compromises his/ her ATM card should blame self 3 Likes |
Re: Biometrics To Replace Atm's Soon - CBN by illicit(m): 7:53am On Nov 21, 2017 |
oh boy them go cut person finger o |
Re: Biometrics To Replace Atm's Soon - CBN by olumaxi(m): 7:53am On Nov 21, 2017 |
amunkita:i tel u ![]() 2 Likes |
Re: Biometrics To Replace Atm's Soon - CBN by sinaj(f): 7:53am On Nov 21, 2017 |
This is not good. How will sick people or old people withdraw money in the case of emergency ![]() 4 Likes |
Re: Biometrics To Replace Atm's Soon - CBN by MrWondah(m): 7:53am On Nov 21, 2017 |
In their bid to curb fraud they are complicating things for the common man. So if my papa dey sick and I need to withdraw money from his account I go first cut him finger ? Make them no forget mobile and internet banking dey o 2 Likes |
Re: Biometrics To Replace Atm's Soon - CBN by konkonbilo(m): 7:54am On Nov 21, 2017 |
Some Nigerian fraud stars will still find a way of duping people |
Re: Biometrics To Replace Atm's Soon - CBN by free2ryhme: 7:54am On Nov 21, 2017 |
End time things 2 Likes |
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