Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,076 members, 7,957,010 topics. Date: Tuesday, 24 September 2024 at 03:57 AM |
Nairaland Forum / Nairaland / General / Crime / Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines (63139 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)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by massingale(m): 1:00pm On Apr 22, 2020 |
POS must be programmed in such a way that when a card is slotted in it for PIN verification atleast, it shd record the ID of the POS. Not until a transaction is made. Or asking for pin after amount has been entered, not PIN before inputting amount. By these, POS robbery can be checkmated !! |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Simpubozz(m): 1:02pm On Apr 22, 2020 |
Infogetong:Pls can u come back and edit this ur writing, I can't understand a point. And I don't understand d concept behind all these comments suggesting d POS can b traced, cos I read Part of d post which said dey (d robbers) use d pos to authenticate d pin of d card and then they go to other ATM to withdraw. So if that's d case I don't think d money can be traced. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Lufthansa: 1:02pm On Apr 22, 2020 |
Accepted, how will they have the PIN verified without having the card communicating with the machine? @least, they transact the least possible amount with it, e.g say transferring N10 into the account which the POS is linked. So communication details registered can be used to track the person to whom it was issued as such person should have reported to the police/bank earlier enough before that incident if it was truely stolen from him otherwise, he is an accomplice mudility: |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by DaniellaDokubo(f): 1:02pm On Apr 22, 2020 |
yinchar: Doesn't still solve the problem. What if the robbers kidnap and keep you till the transfers is cleared by the bank or even kill the victims afterwards |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by bigtt76(f): 1:04pm On Apr 22, 2020 |
Your PIN is stored on the chip encrypted but your other bank details are not unlike the mag stripe cards. The POS you're using is not connected to your bank and would be a waste of time for it to first connect to your bank to verify it first before allowing you to proceed with your transaction. If you can, anytime you go to a grocery store for purchase, try paying with your card on the POS and after entering your PIN watch to see what happens after you enter your PIN and the message 'PIN CORRECT' is displayed Xisnin: |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Ade3131: 1:21pm On Apr 22, 2020 |
The solution to this POS robbery is quite simple to tackle. Banks need to introduce the 2 factor authentication for every first transaction of the day. By this I mean every first transfer or withdraw of the day should be tired to a secret question in addition to the regular ATM pin authentication requirement. You slot in your card to check balance, validate pin or transfer on any POS machine, you will get it done successfully without the system requiring answer to a secret question but immediately you try to use the card on any ATM machine for either transfer, collect cash or pay bills, you're automatically asked the answer to a secret question after inputting the correct pin. This way, the robbers will have to take the card owner to the ATM stand to withdraw or transfer through POS thereby exposing themselves to being traced and caught. I hope the Enterprise Security department of all the banks are seeing this. That's a free contribution from me as an ex banker worker. 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Xisnin(m): 1:25pm On Apr 22, 2020 |
bigtt76:I get your explanations. But a few times I entered incorrect pins at money mobile agent terminals, they don't know my pin is incorrect until a response is obtained from the network. Are the machines too slow that I have to wait as long as required to carry out an actual transaction? It is time to disband POS terminals that verify pins offline because they create "perfect crimes" opportunities for criminals. I think the same process is obtained at ATM terminals, it doesn't tell you invalid pin until you send a transaction for processing. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by r4roty(m): 1:29pm On Apr 22, 2020 |
Royruky:Gbam your head dey there! The banks requires a dynamic/proactive/adaptive "Leadership and Change" Managers in place who's mandate is to make cyber security and FIREWALLING cyber crimes a topnotch by deploying high integrity ICT systems. The banks should be able to tweak the software of the POS to enable a digital handshake betw the victims ATM card and any POS used so that when a report is made by the victim to his bank, such POS usf can be easily traced and the merchant assigned such pos can be apprehended. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by nairavsdollars(f): 2:07pm On Apr 22, 2020 |
the issue is when people complain to banks, they refused to act on time massingale: |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by ejimatic: 2:16pm On Apr 22, 2020 |
nairavsdollars:. The POS should be developed in such a way a that any ATM inserted into it for PIN confirmation must be immediately recorded online. So if the ATM is taken away for cash withdrawal the owner of the POS used for the PIN confirmation can be traced for arrest and prosecution. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by lailo: 2:20pm On Apr 22, 2020 |
its like people are not getting it.They are not using d POS to transfer money,they only use it to confirm ur pin and later to to ATM to withdraw. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Psoul(m): 2:59pm On Apr 22, 2020 |
Superjazz: Their duty should not end there. The reported account should be placed on No withdrawal. If attempt to withdraw is noticed, the person should be arrested. This will hasten investigation. Most times, banks will refuse to give u details of the account your money was moved to ask in the name of protecting her customer's privacy. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by jimcaddy(m): 3:38pm On Apr 22, 2020 |
I trust Nigerian banks. They will deny it and say they cannot be held accountable. Everything in this article makes sense, but the issue is the banks not doing their verification well. Most times, the POS gets to the wrong hands and that is how these kind of fraud is perpetrated. The banks will be telling you to first get the police involved in the matter before they do anything. It makes no sense. The way Nigerian banks deals with fraud issues is very appalling... |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by equity1(m): 5:20pm On Apr 22, 2020 |
Cholls:Most of people commenting didn't even read the news. According to the article, their modus operandi are: 1 They use the POS to confirm the atm pin of their victims at gun point. This can be done via checking of balance. 2 They take the card to atm or other road side pos and withdraw. I think bank technology should be able to find out POS used for confirmation customers pin at gun point then police should take it up from there. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by iykemyke: 5:43pm On Apr 22, 2020 |
People don't read and comprehend. They only use the pos to confirm your atm card pin and then move to the nearest atm machine to withdraw cash. [q11uote author=EzzyCarter post=88702941]In saner climes, those guys robbing with POS would be nabbed the following day or probably that same day. But heck, over here even banks get robbed and life goes on[/quote] |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by iykemyke: 5:47pm On Apr 22, 2020 |
They don't use the pos to withdraw but to validate ur atm card pin and then proceed to the nearest atm to withdraw cash. Read the entire story and not the headlines Enyimbamercedes: |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by bigtt76(f): 5:54pm On Apr 22, 2020 |
The POS the mobile money agents are using are different from those of the bank issued POS terminals. The mobile money agents are actually communicating with their platform's infrastructure which has the option to debit your card and credit their bank account while they use the same POS to debit their wallet with the mobile money company. So in essence, your card is being debited mimicking the same process you use to debit your card while carrying out an online web transaction whereas the conventional POS at the grocery stores work through a different path see below Grocery Store POS Customer ---> POS terminal ---> PTSP ----> Acquirer Bank ---> Card Scheme Operator --->NIBSS ---> Card Issuing Bank Mobile Agent Customer ---> POS Terminal ---> Mobile Money Operator --->Payment Service Provider ---> Acquirer Bank ---> Card Scheme Operator ---> Card Issuing Bank Xisnin: |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Greatzeus(m): 5:56pm On Apr 22, 2020 |
nairavsdollars:My thoughts exactly,if you want POS,you will fill a form and give details of your business. I believe there should be a way to track those fraud done through POS |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by damilarelr(m): 6:40pm On Apr 22, 2020 |
POS machines are wired to take in PIN as the last information to input before the fund in the cards account will be moved to the account linked to the POS. The issue here is that for a POS to be able to verify PIN, it shows there's been a modification of its software..and that's a serious issue. Such POS should not be allowed into the Nigerian financial atmosphere. CBN should direct all Banks with such POS to withdraw them from circulation and equally deactivate the lost ones with immediate effect. The truth of the matter is that Money can never be lost..even when it has been converted to airtime like what most of these fraudsters do, the telcos should help in identifying those who registered for the phone numbers. Our NCC should direct all telsocs to maintain a single database for all of their Customers such that an individual can only have one number on a network per time..so that even when you misplace your number and welcome back is impossible, your information must be delinked from the lost line before you can be issued another one while the lost line will be deactivated. A lot can be achieved if we have the right set of leaders who, if nothing else, can copy/replicate what other country does.. With full cooperation of the telcos, and armed forces, just any crime can be curbed. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Royruky(m): 6:54pm On Apr 22, 2020 |
r4roty: I pray they read this and move in the right direction. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Xisnin(m): 6:57pm On Apr 22, 2020 |
bigtt76:That makes sense. If the banks can't trace POS-wielding thieves, it is time to start phasing out those insecure POS. At least, a POS should be able to record every transaction done on it and forward such to the banks on a regular basis. |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by tammie24: 9:07pm On Apr 22, 2020 |
yinchar:They go kidnap you for one month be that |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by mhychophelha1(m): 9:12pm On Apr 22, 2020 |
I av also fall a victim of this, I got my phone lost here in ekiti and when I retrieved my line back a week after, all the money in my account as been withdrawn. The alarming part is that when I went to my bank at ado to complain about, my statement of account shows that d money was been withdrawn at Lagos from ATM machine and I av my ATM with me. In short that was when I realized that they use both my phone number and d BVN I stored on the phone to carry out the operation. To me I think what d bank can do on this for good verification is to install CCTV decoder that can only picture d face of the withdreawer or better still programme the ATM machine to ask for names and ur FINGERPRINT...... I think with that we can curtail and trace the perpetrator easily........ [color=#990000][/color] 1 Like |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by franugo(m): 10:08pm On Apr 22, 2020 |
yinchar: And that makes sense to you Which right thinking businessman will give you goods if he cannot access the money you claimed to have transferred? |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by franugo(m): 10:12pm On Apr 22, 2020 |
[quote author=funmike83 post=88719044]I am aware an individual can not get pos, they must have used their corporate account meeting all the terms and conditions. They can get their money reversed, if they log complain in their various banks. The thieves can also be tracked with the pos if npf is ready to wrk imo[/ Wrong...individuals could get POS from banks and operate d pos account with a normal savings account until recently..so those pos terminals are still functional. Also, opay, paga etc, I believe give pos terminals to all n sundry |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by franugo(m): 10:14pm On Apr 22, 2020 |
Tetrahedron:
|
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by franugo(m): 10:17pm On Apr 22, 2020 |
LegacyB: Very annoying.. Transfers of over 1M can be made via pos....that thing needs to be looked into asap |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by franugo(m): 10:22pm On Apr 22, 2020 |
Dashingprince: Some of you guys here just spill things without thinking through.... How are biz transactions supposed to be consummated if the sender can recall the funds after he has gotten value for the funds?? Is it papa ejima dt will let u carry his rods when he knows d money u just sent can be recalled by you as soon as u leave his shop? |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by franugo(m): 10:25pm On Apr 22, 2020 |
massingale: The pos terminal used more often than not shows on the transaction description and even if it doesn't, I'm sure there's a way to get the info.... Ur second advise, I couldn't understand what point u were trying to make |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by franugo(m): 10:31pm On Apr 22, 2020 |
mhychophelha1: There's CCTV in almost all ATMs ...some ATMs have fingerprint I believe, but it'd cost too high to replace the current ones within fingerprint ATMs |
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Itzhandy: 12:46am On Apr 23, 2020 |
Contact https:///2347084523237 for any China Pickups,Chinese Account,WeChat Pay,Alipay all available for instant pickup,Your Money Available in 60 Minutes � � Good Rate � �[color=#990000][/color] |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Man Murders 18-Year-Old Girl In Bayelsa For Ritual (Photo) / Woman Stripped Unclad For Stealing Handbag. Photos / Nigerian Lady Face Jail For Wrongly Accusing Two Men Of Rape
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 86 |