Biometric Authentication for ATM Transaction Nation wide

atm cards

The Central Bank of Nigeria has disclosed Biometric authentication will soon be introduced as authentication for Automatic Teller Machine (ATM) transaction across Nigeria.

Making a presentation at a National retreat held in south west Nigeria, the Director in Charge of Banking Payment Systems, CBN Mr. Dipo Fatokun, disclosed Biometric authentication will help in the fight against electronic fraud.

The move towards Biometric authentication on ATM nationwide will be facilitated by the Bank Verification Number (BVN) which has biometric information of Millions of Nigeria already stored.

About Technology Risk Managershttp://www.efraudafrica.orgTechnology Risk Managers (efraudafrica) provides pick preview into electronic fraud statistics in Africa. The blog offers insight, analysis, and recommendation on way forward…

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