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Nairaland Forum / Nairaland / General / Crime / Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines (62819 Views)
Ifeanyi: Davido’s Nanny, Cook May Face Charges For Negligence / Armed Gangsters Rob Homes With POS In Lagos & Ogun During Lockdown / Policeman Seen With POS, Asking A Passenger To Bring His ATM Card (video) (2) (3) (4)
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Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by bibiking7(m): 11:20am On Apr 22, 2020 |
Superjazz: I once heard of a guy that was robbed and his ATM card was collected along with his pin. Those thieves went on to rob other people but rather than collect any other ATM card, they just made other victims transfer into the first victims account. So any attempt to trace the transaction will lead to the first victim. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Mac2016(m): 11:22am On Apr 22, 2020 |
yinchar:This article states that use the POS for confirmation of pin not that they debit your card with POS. My suggestion is this.. Any ATM whose pin was check without debit via a POS point should blocked from making physical cash withdrawal for minimum of 8hrs.. They shd fine tune this Idea and plug loopholes that might be in this my idea.. It will be a good one 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by easzypeaszy(m): 11:22am On Apr 22, 2020 |
achymmania:dey gv but d procedure wl almost Mk u reject it aftr givin u... Just try to gt POS n see. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by easzypeaszy(m): 11:24am On Apr 22, 2020 |
achymmania:its easier fr bank to gv u loan Dan POS... But fintech can gv u loan within somtims |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by olayems90: 11:24am On Apr 22, 2020 |
Nawa o |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by dejol88: 11:24am On Apr 22, 2020 |
Everything is always seem difficult in this country ! In some countries, if even a ATM cardholder tries to withdraw money in variation to known pattern of withdrawal money will not be dispensed except you call the customer care. The truth is banks are not willing to invest in security to protect depositors fund. Data analysis with deep learning solves most of this crime. 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by InvertedHammer: 11:25am On Apr 22, 2020 |
/ Why are simple things complicated in Nigeria? POS or not, the money was transferred to an account. The owner of the receiving account is liable and must provide the needed information on everyone with access to the account. In financial crime, investigators follow the money. POS transactions have digital prints all over and are easily traceable. \ 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by fastlane84: 11:30am On Apr 22, 2020 |
nairavsdollars: goat that police is checking drivers licence |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Xisnin(m): 11:31am On Apr 22, 2020 |
bigtt76:I don't know how POS transaction works but it will be a security nightmare for a POS to confirm pin without network authorization. I was thinking from the angle of general computer authorization security technologies which I believe was adapted to POS terminals. Imagine I collected a new card today and took it to an old POS stand. How would the machine "know" the correct pin without being told by my bank(network communication)? Perhaps, the process you describe applies to magnetic stripe cards which have been largely phased out in Nigeria? |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Xisnin(m): 11:35am On Apr 22, 2020 |
easzypeaszy:You are not familiar with Nigerian banks. Some have large dedicated teams which try to convince people with small businesses to accept POS especially to render small banking services. As for loans, that is not another story. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by BuddhaPalm(m): 11:36am On Apr 22, 2020 |
yinchar: Money isn't being paid to the POS. They only use it to verity the pin. It's right there in the article. 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by gosmoney(m): 11:39am On Apr 22, 2020 |
easzypeaszy:but dey go to bank to register it isn't it. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by stven(m): 11:41am On Apr 22, 2020 |
For every transactions there's a data recorded on a database. So the bank shouldn't come and tell us they keep no record of transactions carried out on a POS... |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by ppogba: 11:43am On Apr 22, 2020 |
bibiking7: That is the essence of lodging a report with the police "immediately" you are robbed. No matter how small or minute a thing is that is taken off you during robbery, lodge a report i mmediately. If the guy in your short documentary did the same, he will have less stress with the police. 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by nairavsdollars(f): 11:53am On Apr 22, 2020 |
https://www.nairaland.com/5620739/policeman-seen-pos-asking-passenger ayobamiakinrind:read well before commenting |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Nobody: 12:10pm On Apr 22, 2020 |
I think you can have two different pins; one for POS and another for ATM. In such instance, your POS pin will not alow transactions on ATMs 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Goalnaldo(m): 12:12pm On Apr 22, 2020 |
Taye4j:exactly what I wanted to tell him but I know someone must say it that's the reason I kept scrolling. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Godwin616: 12:17pm On Apr 22, 2020 |
Enyimbamercedes:They only use the POS to verify your pin. Mm of for any transaction. How is that the fault of the Banks. It is possible the POS machine has been stolen from someone or gotten through another source. They know the transaction is traceable, so they will not be so daft as to be using it for any transaction. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by uvie66: 12:18pm On Apr 22, 2020 |
EzzyCarter:What can't you buy in Nigeria if you have money 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by kingjomezy(m): 12:19pm On Apr 22, 2020 |
yinchar: Are you studying law? |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Lufthansa: 12:22pm On Apr 22, 2020 |
"How these machines get into the hands of criminals is what I don’t know. Maybe the PoS are stolen from these companies, maybe these PoS are being used by fraudulent persons – it is what should be investigated." Even those POS terminals got stolen from those it was primarily issued to. Assuming they (POS) were truly stolen, who is/are behind linking those POS terminals to the accounts of these criminal elements? If they were truely stolen without having accounts to which it was linked changed, proceeds through it goes into the initial company's/individual's account and not into these criminal's account. So the question we should be asking ourselves is who are those insiders helping these criminals linked their account to stolen POS. If we truly want to fight this, the government can have all POS in the country decommissioned and have whoever possesses one re-register it with his/her banks. nairavsdollars: |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by mudility(m): 12:22pm On Apr 22, 2020 |
I think you guys did not read the post to understand the method the criminals are using. The pos is not being used to withdraw or transfer the victims money but used to confirm the pin then they will proceed to the nearest ATM to withdrew from the stolen card. So with the above the bank can’t be held responsible because the transaction from the victims card will only show atm withdrawals without any trace to a pos. The solution to the above is simple if our bank will be willing to implement this suggestion am about to give. Our banking system should develop a kind of login history sent to our banking portal anytime we slot our ATM card in any device like when you login your email to a new device you see the notification. This notification from the login of our card history will be seen in our bank account whenever we go make any complaint in the bank. By this they will have the pos details and time the card was longing. Like this comment If you believe the above solution will work. 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by nairavsdollars(f): 12:23pm On Apr 22, 2020 |
i've heard of cases when people enter "one chance" buses and the robbers bring out POS and transfer their money before pushing them out. It is still happening now |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Rawhumper(m): 12:24pm On Apr 22, 2020 |
If The Bank really wants,it can The source of The pos....its so easy bigtt76: |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by uvie66: 12:29pm On Apr 22, 2020 |
Cholls:last last the only way to resolve this type of problem is to only put emergency money in your account, what you can afford to lose. Leave the rest in a savings account that is not connected to any Bank card. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Godwin616: 12:32pm On Apr 22, 2020 |
Validated:The security agents should be trained with modern technology tools to track cyber crime. I also believe most banks have CCTV cameras at the ATM terminals. They should make use of this to track the criminals. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by JayPeeOham: 12:34pm On Apr 22, 2020 |
nairavsdollars: Very brilliant question!! Because these POS are tied to a particular account and with that they can get the identity of whoever owns the account!! If it wasn't the account holder who used the POS for the robbery, then he/she should be able to provide who did! But alas, this is where you get to know that there is an insider or insiders from the bank working with these criminals!! How can you explain the fact that transaction histories and account statements cannot be accounted for by the bank.SMH I won't be surprised surprised if all the POS are of the same bank!!!! |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by adekennis(m): 12:38pm On Apr 22, 2020 |
yinchar: Nigerians are so dubious that we would still take advantage of that..Do you know some people can still go back to the bank after making purchase with their card by someone else and file claim that it wasn't them and they want refund.. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Lufthansa: 12:47pm On Apr 22, 2020 |
Bro it all still boils down to failure in the Nigerian system. Every of those devices has trackable features just like phones got IMEI. In saner climes, data (BVN, Phone number e.t.c) of those to whom every bit of the devices is issued are stored against device IMEI with the CBN or an agency of the government responsible for financial/Identity management. If this is in place, even if anyone of these devices gets stolen from person to whom it was issued, it can be easily reported and decomissioned. Please let's leave out OPO, PAGA, OPAY in this. The government is the culprit here for it has no strict regulations/guidelines/measures set in place to checkmate and control activities such as this. easzypeaszy: |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Princewell2012(m): 12:52pm On Apr 22, 2020 |
nwannemous: Is verifing of a pin not a transaction? when ever you input ur details in any banking device even if it is your mobile device and it was able to give u ur desired imformations. The bank have a way to trace you, or the device owner, because ur information or the information of the device you used are already intalled in their data base. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Dollabiz: 12:56pm On Apr 22, 2020 |
hmmm |
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