Last Updated: Wednesday 24 June 2009

 

 

Lagos, Nigeria: Analysis of pattern of most ATM fraud in Nigeria has shown that the criminals target cash machines that have no camera installed into it to monitor transactions. This concealed camera is specially designed for high level security or concealed monitoring applications such as bank, ATM machine, airport, museum, detective, spy and home security...

Johannesburg Africa: Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that FirstRand Banking Group, one of South Africa's largest financial institutions, has selected the Fiserv KRM solution...

Cairo, Egypt: In its continuous efforts to enhance international relations on the regional as well as the global fronts, EGX signed a Memorandum of Understanding with Shenzhen Stock Exchange, China...

Middle East and African mobile telecommunications provider Zain is partnering with Western Union to offer customers of its Zap m- Banking service the option of receiving cross-border money transfers to their handsets...

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As the era of brick and mortar banking services in Nigeria increasingly rescind into oblivion with the introduction of self-service solutions like Automated Teller Machines (ATMs), e-kiosks, telephone, internet and mobile banking, every discerning Nigerian bank desires a solution that would not only enhance current business operations but also offer cost-effective and improved customer service delivery...

In banking, regulation is of utmost importance. In most cases when banks collapse, it is a regulation issue. Regulation issue in the sense that there must have been some unheeded warning signals...

As recent high-profile cases have shown, security at ATMs isn’t necessarily something you can bank on. However, modern technology and crime prevention best practices are currently helping to give fraudsters a run for their money...

As telcos, banks and independent financial providers get ready to launch Mobile Money Transfer and Mobile Payment in Africa with over 300 million subscribers under an addressable market of 888 million people, many and varied technologies will suffice...
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This weekend I was in my village home a thousand of kilometres away from bustling Lagos, Nigeria's economic capital. I needed to confirm my flights back to Lagos for the weekend. Unfortunately, I did not have the airline numbers neither did I have my laptop with me. Even if I did, there was no electricity to power it...