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Banks To Replace ATM Card With Finger Print. - Business - Nairaland

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Banks To Replace ATM Card With Finger Print. by sambas: 9:09pm On Nov 05, 2013
Just saw it on ait news, Banks in Nigeria to replace atm card with finger print. I don't know if i'm the only one against this development, with the current security pros.Is it not better to loose an atm card to robbers than a finger in every attack?

79 Likes

Re: Banks To Replace ATM Card With Finger Print. by mekaboy(m): 9:16pm On Nov 05, 2013
Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.

143 Likes

Re: Banks To Replace ATM Card With Finger Print. by Tolexander: 9:23pm On Nov 05, 2013
This is going to be a disaster o.
Amputee go plenty cos instead of stealing the ATM, na hand dem go chop to go use the finger to withdraw!

That means i will need to give someone my thumb to help me to withdraw!

20 Likes

Re: Banks To Replace ATM Card With Finger Print. by Nobody: 9:30pm On Nov 05, 2013
Sooo many disadvantages! But d mst is wat if u wan send som1 2 d atm?

15 Likes

Re: Banks To Replace ATM Card With Finger Print. by sambas: 9:49pm On Nov 05, 2013
This is a wake up call to all.Studnts go strt 2 sleep wit hands in deir pockets,dem go strt 2 bury rich pple witout hands,rescue pple go dey tym victims hands n importantly if u dey sick u get 2 choice cut ur hand giv sombody or dem bury u witout ur hand

16 Likes

Re: Banks To Replace ATM Card With Finger Print. by Oppypoppy: 9:51pm On Nov 05, 2013
Its freaky, that calls for the mark of the beast.

4 Likes

Re: Banks To Replace ATM Card With Finger Print. by kelvin1191(m): 9:59pm On Nov 05, 2013
As if the way we are reporting stolen ATM and PIN by robbers is not enough, they want us to start reporting "missing fingers". It will be better to keep the money @ home and give it to the "real owners" when they come knocking than protecting/saving it in a bank then, loose fingers and the money.

30 Likes 1 Share

Re: Banks To Replace ATM Card With Finger Print. by Nobody: 10:21pm On Nov 05, 2013
and when you lose your finger, you can't finger again.
hehehehe

21 Likes

Re: Banks To Replace ATM Card With Finger Print. by Theben(m): 10:55pm On Nov 05, 2013
sambas: Just saw it on ait news, Banks in Nigeria to replace atm card with finger print. I don't know if i'm the only one against this development, with the current security pros. Is it not better to loose an atm card to robbers than a finger in every attack?
grin grin grin grin grin grin grin
One is at a risk of losing each of his fingers with every renewal.

5 Likes

Re: Banks To Replace ATM Card With Finger Print. by MeAboki(m): 10:56pm On Nov 05, 2013
They should consider face recognition technology instead.
I currently have finger print security pass for my laptop and the thing isn't always reliable, moisture and small amount of grease on the finger sometimes to affects it; besides, though funny and at the same time horrible to contemplate, the risk of finger amputations at the hands of criminals is quite a serious and realistic concern worthy of giving other options a good look.

5 Likes

Re: Banks To Replace ATM Card With Finger Print. by keyremotes(m): 11:12pm On Nov 05, 2013
ENDTIME IN THE HORIZON.

4 Likes

Re: Banks To Replace ATM Card With Finger Print. by Olugbenger(m): 11:18pm On Nov 05, 2013
angry grin
Even NL users would become slow in typing;
End time things.
First to comment etc
And the no of likes i get on NL would reduce too.

Abeg my brother or sister like my post before you lose a finger.
na incase oh
angry grin
angry grin angry grin

10 Likes

Re: Banks To Replace ATM Card With Finger Print. by Kanwulia: 11:37pm On Nov 05, 2013
Piece of cake plus a sip of coke for the EAST-WEST connector of 4-1-9 king-pins in NIGERIA!!! SPI-RITUALISTS will start chopping off peoples' index fingers in jars of FORMALDAHIDE in their pockets to teif!!!! grin

Welcome to HIGH-TECK OTOKOTO!!! cheesy

4 Likes

Re: Banks To Replace ATM Card With Finger Print. by Kanwulia: 11:39pm On Nov 05, 2013
Piece of cake plus a sip of coke for the EAST-WEST connector of 4-1-9 king-pins in NIGERIA!!! SPI-RITUALISTS will start chopping off peoples' index fingers in jars of FORMALDEHYDE in their pockets to teif!!!! grin

Welcome to HIGH-TECH OTOKOTO!!! cheesy

Cancer on the rise!

1 Like

Re: Banks To Replace ATM Card With Finger Print. by Brimmie(m): 12:54am On Nov 06, 2013
I was expecting Seun' Word-Censor to twist the word Finger undecided

4 Likes

Re: Banks To Replace ATM Card With Finger Print. by KnowAll(m): 1:11am On Nov 06, 2013
We expect finger prints in elections not the charade we have at d moment. As it is, i have a vague inkling who is going to win d Anambrs elections even b4 A vote is cast. Elections in Nigeria is just a sham.

2 Likes

Re: Banks To Replace ATM Card With Finger Print. by adconline(m): 1:20am On Nov 06, 2013
mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.
Stupidity runs in ur DNA. You should include Internet ias a mark of the "beast" anti-Christ.

11 Likes

Re: Banks To Replace ATM Card With Finger Print. by mekaboy(m): 1:55am On Nov 06, 2013
adconline:
Stupidity runs in ur DNA. You should include Internet ias a mark of the "beast" anti-Christ.

Lol, sure the internet will play an important role. Haven't you noticed that all web ids are being synchronized? U can now log into your yahoo or gmail with ur fbook I'd. So the data u have on ur fb ,yahoo and other sites are now compared and integrated into the central unit.

The prophecies are all coming to pass.

15 Likes

Re: Banks To Replace ATM Card With Finger Print. by Israelmossaic: 4:36am On Nov 06, 2013
I believe we are getting it all wrong. It may not be all about finger print. The pin. Could follow. What if the person goes with ur finger and doesn't have ur pin? So let's be optimistic, it may be one of those international best practices

6 Likes

Re: Banks To Replace ATM Card With Finger Print. by Tolexander: 5:18am On Nov 06, 2013
Brimmie: I was expecting Seun' Word-Censor to twist the word Finger undecided
to manipulate abi?

1 Like

Re: Banks To Replace ATM Card With Finger Print. by sambas: 5:19am On Nov 06, 2013
Oga modu, put this post on front page so that the relevent authorites will enlighten us on how this tin works..

2 Likes

Re: Banks To Replace ATM Card With Finger Print. by sambas: 5:39am On Nov 06, 2013
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.
The move, according
to the Governor, CBN,
Mr. Lamido Sanusi, will
help to revolutionise
the country’s payment
system.
For instance, 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.
The move followed the
recommendation of a
sub-committee chaired
by the Group
Managing Director,
Zenith Bank Plc, Mr.
Godwin Emefiele.
The committee, made
up of the Group
Managing Directors of
Access Bank Plc, First
Bank of Nigeria
Limited, United Bank
for Africa Plc, Union
Bank of Nigeria Plc and
Skye Bank Plc, had
shortlisted Dermalog as
the company to
develop a database for
the banking sector.
Emefiele said, “The
company that was
awarded the contract
has been given a very
ambitious deadline,
and before the contract
was awarded, it agreed
that it would deliver in
90 days.
“The first phase of the
project will connect
the central data to the
banks as well as the
central bank and the
Nigeria Interbank
Settlement System. We
believe that the
company will do so,
and by February 14,
2014, we are all very
optimistic and looking
forward for a gift from
the banking industry.
“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.”
Explaining the reason
for the project, Sanusi
said it would help to
provide a single
biometric database that
would serve the
purpose of
authentication as well
as address the issues of
money laundering,
fraud, credit extension
and financial inclusion.
He said, “The vision is
that this will go beyond
the banks and it is a
very tight deadline that
I have set for the
committee and the
committee has
discussed with
Dermalog; and in three
months, we can
officially say that every
single Nigerian bank is
connected to the
system; and hopefully
in the coming months,
we will expect every
customer of every
branch of every bank
in Nigeria to have
complied to this, but it
goes beyond the
banking system.
“We have about a
thousand microfinance
banks; we have
customers of pension
fund administrators; we
have customers of
insurance companies;
we have people who
deal with the stock
market, and the vision
for this is that everyone
that deals with the
financial system should
have his biometric data
captured, and this will
be used for
identification,
verification and
authentication.”
Sanusi said the project
would not have any
negative impact on the
national identity card
project, adding that the
biometric database of
the banking sector
would help to
complement the
Federal Government’s
identity management
project.
He said, “For a long
time, we have been
waiting for the national
identity card system
and progress is being
made, and I will like to
use this opportunity to
let everybody
understand that the
banking industry
project is not in any
way incompatible with
the national identity
process.”
source http://
www.punchng.com/
news/banks-to-identify-
customers-by-
fingerprints-next-year/

2 Likes

Re: Banks To Replace ATM Card With Finger Print. by Nobody: 5:50am On Nov 06, 2013
mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.



O Bloody Shït..
For Pete's Sake
Shut That hole in your Face..
angry

4 Likes

Re: Banks To Replace ATM Card With Finger Print. by seunfly: 6:11am On Nov 06, 2013
Uuummmh!!!
Re: Banks To Replace ATM Card With Finger Print. by Danhumprey: 6:30am On Nov 06, 2013
mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.
I have the same thought just like you. The mark of the beast or your liberty would be greatly limited.
Re: Banks To Replace ATM Card With Finger Print. by LadyCaty(f): 6:31am On Nov 06, 2013
kovak: and when you lose your finger, you can't finger again.
hehehehe


so na d 1 u dy afta..wen u loose ur finger u no go remember am sef grin

1 Like

Re: Banks To Replace ATM Card With Finger Print. by Danhumprey: 6:34am On Nov 06, 2013
Brimmie: I was expecting Seun' Word-Censor to twist the word Finger undecided
grin The word censor can be really annoying.

1 Like

Re: Banks To Replace ATM Card With Finger Print. by Madawaki01(m): 6:58am On Nov 06, 2013
mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.
oya clap for yourself,oponu agba

4 Likes

Re: Banks To Replace ATM Card With Finger Print. by Waspy(m): 7:00am On Nov 06, 2013
mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.
Warped Freak shocked

1 Like

Re: Banks To Replace ATM Card With Finger Print. by Waspy(m): 7:00am On Nov 06, 2013
mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.
Warped Freak shocked
Re: Banks To Replace ATM Card With Finger Print. by nofij(m): 7:04am On Nov 06, 2013
mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.
Oh!!
How childish can you get?

1 Like

Re: Banks To Replace ATM Card With Finger Print. by Tolexander: 7:04am On Nov 06, 2013
sambas: 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.
The move, according
to the Governor, CBN,
Mr. Lamido Sanusi, will
help to revolutionise
the country’s payment
system.
For instance, 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.
The move followed the
recommendation of a
sub-committee chaired
by the Group
Managing Director,
Zenith Bank Plc, Mr.
Godwin Emefiele.
The committee, made
up of the Group
Managing Directors of
Access Bank Plc, First
Bank of Nigeria
Limited, United Bank
for Africa Plc, Union
Bank of Nigeria Plc and
Skye Bank Plc, had
shortlisted Dermalog as
the company to
develop a database for
the banking sector.
Emefiele said, “The
company that was
awarded the contract
has been given a very
ambitious deadline,
and before the contract
was awarded, it agreed
that it would deliver in
90 days.
“The first phase of the
project will connect
the central data to the
banks as well as the
central bank and the
Nigeria Interbank
Settlement System. We
believe that the
company will do so,
and by February 14,
2014, we are all very
optimistic and looking
forward for a gift from
the banking industry.
“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.”
Explaining the reason
for the project, Sanusi
said it would help to
provide a single
biometric database that
would serve the
purpose of
authentication as well
as address the issues of
money laundering,
fraud, credit extension
and financial inclusion.
He said, “The vision is
that this will go beyond
the banks and it is a
very tight deadline that
I have set for the
committee and the
committee has
discussed with
Dermalog; and in three
months, we can
officially say that every
single Nigerian bank is
connected to the
system; and hopefully
in the coming months,
we will expect every
customer of every
branch of every bank
in Nigeria to have
complied to this, but it
goes beyond the
banking system.
“We have about a
thousand microfinance
banks; we have
customers of pension
fund administrators; we
have customers of
insurance companies;
we have people who
deal with the stock
market, and the vision
for this is that everyone
that deals with the
financial system should
have his biometric data
captured, and this will
be used for
identification,
verification and
authentication.”
Sanusi said the project
would not have any
negative impact on the
national identity card
project, adding that the
biometric database of
the banking sector
would help to
complement the
Federal Government’s
identity management
project.
He said, “For a long
time, we have been
waiting for the national
identity card system
and progress is being
made, and I will like to
use this opportunity to
let everybody
understand that the
banking industry
project is not in any
way incompatible with
the national identity
process.”
source http://
www.punchng.com/
news/banks-to-identify-
customers-by-
fingerprints-next-year/
you could modify your first post and add this to it with the source.

1 Like

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