The Central Bank of Nigeria and the Bankers Committee on Tuesday sealed a biometric solution pact with a German Firm, Dermalog, for the development of a payment system that would be driven by fingerprints.
What this means is unlike the current practice where different instruments are used as means of identification, bank customers will from 2014 be identified through their fingerprints.
Sanusi, while speaking at the signing of the agreement, which was held at the central bank’s headquarters in Abuja, noted that the system would become operational on February 14, 2014.
This move followed the recommendation of a sub-committee chaired by the Group Managing Director, Zenith Bank Plc, Mr. Godwin Emefiele. *winks* The cost of the project is above $50m and the banks, in their wisdom and in line with their collaborative efforts, are going to be sharing the cost of the project, and no customer is going to be charged for this project.
Posted: at 6-11-2013 03:52 PM (10 years ago) | Gistmaniac
Austinjack at 6-11-2013 04:06 PM (10 years ago) (m)
Super stories
Posted: at 6-11-2013 04:06 PM (10 years ago) | Upcoming
Appears criminals have cloned ATM cards to an extent that banks have made this decision.
Hope these same criminaks dont from February 2014 kidnap people and march them to cashpoints to withdraw their money or even worse cut their fingers off for their prints!
$50m it will cost and still university students are at home- more misplaced priorities!
Posted: at 6-11-2013 04:54 PM (10 years ago) | Gistmaniac
jossy4reall at 6-11-2013 07:54 PM (10 years ago) (m)
I never use atm and will never use finger print....by the way na anoda way to chop money be dat,,$50m within few yrs dem go introduce anoda system....dem no dey consider the masses...I sure say sanusi no dey use atm card and definitely he no use finger print...rubishhh
Love or Hate me its ur Biz, I have more important things to think abt since u never gonna change me
Posted: at 6-11-2013 07:54 PM (10 years ago) | Hero
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