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Banks And Customers Hurt By Payment Cards’ Restriction – Adeyinka

Banks And Customers Hurt By Payment Cards’ Restriction – Adeyinka

The Chairman, Committee of e-Banking Industry Heads and Chief Digital Officer of Wema Bank Plc, Mr. Dele Adeyinka, tells OYETUNJI ABIOYE about developments in the e-banking space and the need to increase the adoption of e-payment and alternate channels CAN you give an overview of the growth in the e-banking space over the years? The […]

How To Keep Your Banking Pins Safe

How To Keep Your Banking Pins Safe

Just when you are feeling confident about building strong passwords to protect your online life comes the next security challenge: safeguarding your four-digit personal identification number. PINs can be tricky to use safely. Their short, numerical nature makes the temptation to choose an easily guessed number such as a birthday almost irresistible, and PINs see […]

Benefits Of Prepaid Debit Card

Benefits Of Prepaid Debit Card

Although prepaid cards are issued by almost all deposit money banks in Nigeria, the usage is still very low compared to debit and credit cards. In fact, most people don’t know there is a payment card called a prepaid card. Many don’t know its difference from a debit card or credit card. While the credit […]

Lessons On Prepaid Debit Card

Lessons On Prepaid Debit Card

A prepaid debit card is an alternative banking card that lets you pay for things as you will with a debit card. You can generally use one wherever its payment network such as Visa or MasterCard is accepted. It’s safer and more convenient than using cash. Other names for it include a pay-as-you-go card or, […]

Banks Set Limits On Overseas PoS And Online Transactions

Many of the lenders, which are battling a tough dollar scarcity, have pegged monthly transactions on PoS and online transactions using cards at $100, British Pounds Sterling 90, Euro 130 and Canadian Dollars 360. The ban on cash withdrawals with Automated Teller Machine (ATM) cards while abroad still stands. Travellers are now finding it difficult […]

Ibadan: Customers Express Fear As Beggars Invade ATM Cash Points

“It is pathetic that the managements of banks would allow their customers to be embarrassed by beggars. Customers in some banks in Ibadan, Oyo State, have expressed fear over the invasion of the Automated Teller Machines in the areas by beggars. Report shows that in Dugbe, a business district where several banks are located, beggars waited […]

Why Payment Card Use Abroad Was Suspended By Banks

Why Payment Card Use Abroad Was Suspended By Banks

FACTS emerged on Tuesday that banks in the country decided to stop their naira debit cards from working abroad after the Central Bank of Nigeria asked them to adopt the interbank foreign exchange rate as the basis for charging customers for foreign currency-denominated transactions. Deposit Money Banks, including Standard Chartered Bank, Stanbic IBTC Bank and […]

Advantages Of A Dollar Debit Card

Advantages Of A Dollar Debit Card

A dollar debit card, in simple terms, is a debit card that does transactions in dollar instead of naira. It is the dollar equivalent of a naira debit card. It is an international debit card that is issued in partnership with MasterCard or Visa; and it is directly linked to the customer’s domiciliary account. A dollar […]

Disadvantages Of A Dollar Debit Card

Disadvantages Of A Dollar Debit Card

Many customers, especially those who travel often or have things to do with foreign currencies, have been besieging banks to get the dollar card as Deposit Money Banks on Friday stopped the usage of their naira debit cards (Automated Teller Machine cards) abroad as well as online transactions denominated in foreign currencies. What is a dollar debit […]

Features Of A Dollar-Debit Card

Features Of A Dollar-Debit Card

Many customers, especially those who travel often or have things to do with foreign currencies, have been besieging banks to get the dollar card. Events in the last few days have thrown up the need for a dollar debit card for certain categories of customers, especially those who for one reason or the other must […]

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