The Central Bank of Nigeria (CBN) says biometrics will soon be used for transactions on the automated teller machine (ATM).

Pin codes are currently being used.

Dipo Fatokun, chairman, Nigeria Electronic Fraud Forum (NeFF) and CBN director of banking and payment system, made this statement at 2017 annual retreat of the Nigeria Electronic Fraud Forum (NeFF) in Ibadan during the weekend.

Fatokun said the introduction of biometrics would help in the fight against electronic fraud.

He said sharing ATM pin codes ‎with a third party is against the policy of banking sector but could not be avoided in some circumstances especially in situations where the account owner is not literate or incapacitated.

“Your pin and account details are not supposed to be disclosed to third person but as you rightly said, we have some people who are not literate or incapacitated and that makes them to disclosing their details to third party,” he said.

“What we are canvassing is that in a time soon to come, with the BVN in place, biometrics will be used for transactions on ATM.

“That means if you want to transact with your ATM, you will need to use your biometrics. There is no way you can give your finger to a third party. If that is enabling, it will make our system to be more secure and make all our transactions to be validated.

“But biometric electronic devices are very expensive because of the technologies involved but I am sure, we shall get there soon.”

Source: http://www.reporter247.org/2017/11/man-scams-people-by-sending-them_21.html

cc: Lalasticlala mynd44 Dominique

Thats good nt until they start cutting people fingers off.this might be the worst

Maisillion:
Thats good nt until they start cutting people fingers off.this might be the worst

That's an interesting and scary possibility.

People would exhume corpses just to get their fingers..

Ambulance would be seen queuing at ATM gallery...

Finally, thumps would start missing nd won't be surprise seeing people protect their fingers with "burglary proof"...

hian.......abek oh......what if the bad guys start cutting thumbs off?? see examples above me

Ok
Anti-Christ loading
It won't be possible. Not in my generation

Banks would start charging for 'Finger Maintenance Fee'.

Good

Nawa oo

This is not good

This is not making sense expecially in nigeria where the biometric machines will not be maintained or in a case where one is hospitalised and need to make payment before medication is rendered.

at least my pospsi wount be sending me to go and stand on the long queue for him
he will be going himsef

Okay. But phasing out ATM codes completely will be a challenge to the incapacitated ones.

This is the stupidest shii AV heard all day , what if there's an emergency and the acct owner can't physically go to the atm to withdraw cash , what do we do ?? Cut the account owner's fingers or remove their eyeballs ??

The people making these decisions are too stupid to be alive Abeg

very dumb idea....

it kills the purpose of the invention of ATM in the first place.

its better I stand in queue inside the bank with AC than outside....since they are the same cus I must still be the one to transact myself

in cases of people who lost their life or who is too I'll to go to the ATM and needs bills for medical care nko?

4kings:


That's an interesting and scary possibility.

i swear

Don't wanna lose my damn finger you leeches!!!

There should better make it an option. I am not ready to lose a finger

What about those who need to make withdrawals but are in the hospital?

What about handicaps with no fingers?

What about those who may lose their fingers to accident?

What if the finger print is cloned?

No perfect security feature exist but the card and the pin is still a convenient option.

Better

So na now crime for papa & mama to send pikin ATM? Misplaced priority, any customer the compromises his/ her ATM card should blame self

oh boy them go cut person finger o

amunkita:
People who exhume corpses just to get their fingers..

Ambulance would be seen queuing at ATM gallery...

Finally, thumps would start missing nd won't be surprise seeing people protect their fingers with "burglary proof"...

i tel u ....Dat greedy rich man wil not even rest in peace

This is not good. How will sick people or old people withdraw money in the case of emergency

In their bid to curb fraud they are complicating things for the common man.
So if my papa dey sick and I need to withdraw money from his account I go first cut him finger ?

Make them no forget mobile and internet banking dey o

Some Nigerian fraud stars will still find a way of duping people

End time things