Cards / Payment

UBA Issues Over 3 Million Contactless Cards

UBA Issues Over 3 Million Contactless Cards

The United Bank for Africa Plc (UBA) says it has issued over three million Near Field Communication technology-enabled contactless cards to its teeming customers. “UBA has revolutionised the payments landscape in Nigeria in 2015, with the introduction of contactless payment cards which enable customers pay with ease by leveraging the NFC technology,” it said in […]

US Secret Service Warns About New Methods Of ATM Robbery

US Secret Service Warns About New Methods Of ATM Robbery

The Secret Service says they’ve seen about a dozen cases across the country The United States Secret Service issued the warning recently saying, the method – nicknamed Jackpotting – is now hitting the U.S for the first time in a coordinated way. It works just like it sounds, an ATM machine is compromised to spit […]

How To Get Refund On Disputed Card Transactions

How To Get Refund On Disputed Card Transactions

The start of the year is one of the busiest times for refunds. You may be looking to get refund because you cancelled a hotel reservation. It could be that you got debited twice at the merchant shop due to network problems. Whatever the reason is, it is important to have an idea of how […]

Nigerian Banks Stop ATM Cash Withdrawal Abroad

Nigerian Banks Stop ATM Cash Withdrawal Abroad

Some Deposit Money Banks in the country have barred their customers from using debit and credit cards to withdraw dollars, euros, pounds and other foreign currencies whenever they travel abroad, investigation by our correspondent has revealed. The development may put business and leisure travellers, who may need hard currencies to meet some obligations abroad, in […]

Ways To Curb ATMs Cash Withdrawal Challenges

Ways To Curb ATMs Cash Withdrawal Challenges

Integrated Cash Management Services Limited (ICMS) has come up with interventions to ensure unavailability of cash across Automated Teller Machines (ATM) points in Nigeria becomes a thing of the past.The move would ensure that naira notes will be readily available at every transaction across ATMs, providing solution to the challenges bank customers face over the […]

Ecobank Launches Cardless Cash Withdrawal Service

Ecobank Launches Cardless Cash Withdrawal Service

Xpress Cash allows customers to withdraw cash from any Ecobank ATM using e-Tokens generated from the Ecobank Mobile app Ecobank said it is striving to address the needs of the unbanked (and the general populace) by transforming a mobile phone into an all-in-one bank account and payment/cash withdrawal tool. One such example, according to a […]

UBA ATM Cardless Withdrawal

UBA ATM Cardless Withdrawal

No Card? No Problem! Cardless withdrawal is a simple way of collecting cash from the ATM without using a card. Cardless transactions can be initiated from your phone simply by dialling *919*30*Amount# No worries about giving out your card to someone to collect cash on your behalf and if you ever forget or misplace your […]

Why ATM Machines Malfunction – Expert

Why ATM Machines Malfunction – Expert

Prof. Uche Uwaleke, an economic expert, has called on the Central Bank of Nigeria (CBN) to remove old and dirty notes from circulation. Uwaleke, an Associate Professor of Banking at the Nasarawa State University, said such notes were causing constant malfunctioning of Automated Teller Machines (ATMs), especially during pressure periods. He said this in an […]

Ecobank Increases Dollar Spending Limit On Naira Cards

Ecobank Increases Dollar Spending Limit On Naira Cards

The review was a deliberate effort to meet and cater for customers’ expectations Ecobank Nigeria has raised the daily limit that customers can spend with their naira MasterCards for international transactions by 333 per cent to allow its customers ease in transactions when making purchases abroad. With this review, the spending limits currently applicable for […]

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