About 25 per cent of Point of Sale transactions conducted by customers on Christmas Eve were not successful according to records from the Nigeria Inter- Bank Settlement System Plc .

As of 8. 13 pm on Monday, the NIBSS revealed that a total volume of 1 ,107 ,229 transactions were conducted with an average processing time of 15 minutes , 49 seconds .

It disclosed that the failed volume was 276, 852, which was 25 per cent of the total volume.

The NIBSS is a financial sector that provides the mechanism for same day clearing and settlement of inter -bank transfers and payments
It was set up by the Bankers Committee as a shared - service infrastructure for facilitating payments finalities , streamlining inter - bank payments and settlement mechanisms , to drive and promote electronic payments across the Nigerian financial industry .

Continue Reading: https://www.hgsmediaplus.com.ng/2018/12/276852-pos-transactions-failed-on.html?m=1

This thing happen every yuletide season and they won't do much about it. Maybe , just maybe there is something they gain from it.

Na so I wan buy my Christmas chicken yesterday when the chicken seller told me to swipe my card, I just saw the chicken smiling.

Thanks

Lol

Expected. New year eve would be worst



Merry Christmas Nairalanders.

Exactly the same way I will fail Nigerians on the eve of the debate, by traveling to UK for a fake medical checkup and blame the PDP upon my return after the debate.


~ProsidentBuhari

No wonder......
This must have tampered with many relationships under 24 hours!

The WALL of a strong relationship is built on a strong WALLET!

Tunasco4u:
Happy Xmas to Alh.Muhammad Buhari may you live long to rule us again after winning the coming election

Amen.
Merry Xmas to you too bro

Profit for the banks and other.


if you knw, you knw.

modified.

They will not reversed unsuccessful transactions automatically, until you go and log the complains through the long queuing. not every body have the time

The figure is big

Tunasco4u:
Happy Xmas to Alh.Muhammad Buhari may you live long to rule us again after winning the coming election

Aameen

They better refund all the money to those in concern

One can imagine the frustration!

Sad. We are way backward in this zoo

handsomeyinka:
Na so I wan buy my Christmas chicken yesterday when the chicken seller told me to swipe my card, I just saw the chicken smiling.

You no well!

These failed transactions is a big issue in our banks o.
I don't try anything atm or ussd transactions on Fridays talk more of Christmas eve.
las las na wait for 15 working days for refund.

Merry Christmas to all nairalanders.

My #812,000 is on pending in Access bank. Debited multiple times on different POS machines and the transactions never went through. Na me and them on Thursday.

Mobile transfer was a herculean task too. It took about 30 minutes before I could send money to someone through my phone.

Too bad. . .The very reason I had to do some budgeted withdrawal days ago so I don't get stranded.

That moment u re struggling for food at a wedding and
mistakenly disconnect the speakers wire with your leg and All eyes on u.
You go bellefull under 3sec...

Atiku has eventually failed this country

handsomeyinka:
Na so I wan buy my Christmas chicken yesterday when the chicken seller told me to swipe my card, I just saw the chicken smiling.

Lol

I wish customers can really understand the working principle of transfer transactions. Its a pity many who call themselves literate still showcase illiteracy and some people dont know how to channel their cases the right way. The one that annoys me most are those who come to social media to make complaints as if social media will resolve their issues instantly.

Fight your battles the right way and things will go smooth

I experienced it yesterday morning. Receipt showed "transaction declined" on two attempts. Only for me to get double debit alerts hours later.

But was reversed later in the evening

You see wat buhari caused?

Meanwhile Lifeless till 2023

yjgm:
This thing happen every yuletide season and they won't do much about it. Maybe , just maybe there is something they gain from it.

U MAY NOT BE FAR FROM THE TRUTH