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Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines - Crime (4) - Nairaland

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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 emmanuelewumi(m): 9:56am On Apr 22, 2020
God2man2again:


Good.

Anybody that uses POS to Rob seemed like a fool to me because all transactions can be traceable even though you throw the Machine away, you will be apprehended sooner or later.


You did not read the article. The POS is used to confirm your PIN, they will then use your ATM card to withdraw money from your account

2 Likes

Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by joytothewise(m): 9:56am On Apr 22, 2020
Moji12:
I suspect those paga people abeg

Moji darling, miss suspecter! It is as well possible you have a point hmmm
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by khalleb(m): 9:57am On Apr 22, 2020
easzypeaszy:
Dey don't have sense... Banks don't gv POS to anybody..
Blame OPO and PAGA dat gives POS to anybdy on d street
So you mean Opay, paga or any fintech company do give POS without taken any personal information of the person (agent)?
Oga same procedure it take for bank to give you POS same thing it take before any of the fintech company give you put they just make it simple and fast
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by kponkedenge(m): 9:58am On Apr 22, 2020
yinchar:
This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.

According to the article, they used the POS to verify the pin of the ATM card and then proceed to the bank to use the machine to withdraw the money, I don't think the transactions are done on the POS terminal.

2 Likes

Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Xisnin(m): 9:59am On Apr 22, 2020
LegoxMetahuman:




according to the post which i doubt you guys read


they dont transfer, they only use the pos to confirm your pin is correct, then take your atm card away and withdraw as much as they can before morning when bank will have time to block your card.
It doesn't matter.
The bank can still trace the POS used for pin confirmation.
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Elnesto(m): 10:00am On Apr 22, 2020
Simple things are difficult in this country when it happens to the poor or the common man. If it happe8to a prominent man today, the thieves will be caught in 48 hours. quote author=yinchar post=88718654]This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.[/quote]
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by bayelsaowei(m): 10:00am On Apr 22, 2020
yinchar:
This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.
useless nation
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Elnesto(m): 10:01am On Apr 22, 2020
Simple things are difficult in this country when it happens to the poor or the common man. If it happens to a prominent man today, the thieves will be caught in 48 hours.

This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.[/quote]
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Princedapace(m): 10:02am On Apr 22, 2020
yinchar:
This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.

they only confirm the pin with the POS and go to nearest atm to withdraw using the atm card and the pin. I think the POS is to confirm the pin. The easest thing to do is to find a way to block it once they leave.. But the bloody thing is that they may come back to ur house if they are unable to use it..

And they may be brutal when they return. It may take them few days to come back.

1 Like

Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by khalleb(m): 10:02am On Apr 22, 2020
SearchFirst:


I dont think Banks are the ones to blame. CBN, and Those private companies giving anyone POS machines should be the ones to blame
So you mean Opay, paga or any fintech company do give POS without taken any personal information of the person (agent)?
Oga same procedure it take for bank to give you POS same thing it take before any of the fintech company give you put they just make it simple and fast
bro banks and our security agency should be blame for it
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by LegoxMetahuman: 10:03am On Apr 22, 2020
Xisnin:

It doesn't matter.
The bank can still trace the POS used for pin confirmation.
and which bank will register pin confirmation? undecided
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by kelvincoll(m): 10:04am On Apr 22, 2020
yinchar:
This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.

This may only increase kidnapping, as the robbers will hold hostages till transaction clears.

Its a dicey situation I must say. To some who asked how the robbers got PoS device, I remember how robbers steal cars on the highy for an operation.

For all I understand organized crime now are Networked. From an informant in the banks to the devil's carrying out the operations.

Imagine on sameday, a robbery gang steals a PoS Machine from a trader as well his ATM card and details, they split up into 3 groups, one holding the trader hostage to avoid raising alarm to bank and police. another group B somewhere in action dispossesing victim of their cash through PoS, and another somewhere at the ATM withdrawaling the stolen find.

This way one can't track except video feeds from ATM cctv. But then trust your bank informant to take care of disrupting the recording. grin grin

1 Like 1 Share

Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by CodeTemplar: 10:04am On Apr 22, 2020
The KYC process is a failure if they cannot nab those POS owners in 48hrs .
The banks have the POS details and it is a matter checking which POS where used for such transactions or ATM card PIN verification.
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Taiwo20(m): 10:05am On Apr 22, 2020
They use the POS machine to confirm you are giving them the right pin.

That's what this write up is saying and that's what I think happens.

They then withdraw from the ATM machine.
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by yinchar(m): 10:07am On Apr 22, 2020
LegoxMetahuman:




according to the post which i doubt you guys read


they dont transfer, they only use the pos to confirm your pin is correct, then take your atm card away and withdraw as much as they can before morning when bank will have time to block your card.

In this situation they might not, I have read where they use the POS for the transfer itself.

1 Like

Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by easzypeaszy(m): 10:12am On Apr 22, 2020
khalleb:
So you mean Opay, paga or any fintech company do give POS without taken any personal information of the person (agent)?
Oga same procedure it take for bank to give you POS same thing it take before any of the fintech company give you put they just make it simple and fast
nvr my brthr... Some agency banking sef b4 dey gt POS U'l be attached wt an Acctn officer to kw ur place.
B4 I got one frm Union Bank I almost gave up.
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Zion1200: 10:12am On Apr 22, 2020
nairavsdollars:
how did POS even get into the hands of armed robbers?
What's the difference between those bank, police and robbers themself?
Do you think all those scammer that will tell you to pay into a particular account are not connected with those banks...try and pay a scammer at night, go to the bank the next morning in order to trace or log the complain about the transaction the next thing you will realize is that the account is been blocked and they will tell you its late. How much is banker's salary that some of them are living very large but they'll be lieing under the influence of loan loan loan. Nija I hail thee ooo

1 Like 1 Share

Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Acidosis(m): 10:13am On Apr 22, 2020
Banks are fully responsible for all POS crimes.

1 Like

Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by 2016v2017: 10:14am On Apr 22, 2020
Superjazz:
You can't blame the banks when you are robbed you report to the bank the bank trace the account into which the frivolent transaction took place and you find a way of tracking the suspect with police help.but Nigeria police and lack of commitment na 5 and 6
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by khalleb(m): 10:14am On Apr 22, 2020
easzypeaszy:
nvr my brthr... Some agency banking sef b4 dey gt POS U'l be attached wt an Acctn officer to kw ur place.
B4 I got one frm Union Bank I almost gave up.
Am an agent for like 5 fintech company and i know what it takes before you can be given POS
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by mrbee1948: 10:16am On Apr 22, 2020
P
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Royruky(m): 10:17am On Apr 22, 2020
yinchar:
This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.

Nice suggestion, however, the money is not transferred into any account. The POS is used to CONFIRM if the pin to the ATM card is correct. They thereafter proceed to an ATM to withdraw the cash.

Security measures should be put in place to track anywhere an ATM card is activated whether or not any purchase was made. In essence, once an ATM card pin is confirmed, the ATM card should leave digital signature that can be used to trace it.

2 Likes

Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by SavageResponse(m): 10:18am On Apr 22, 2020
yinchar:
This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.

If you were a business owner would you accept a situation where you have to wait 7 days just to access payments made to you by your customer?
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by apex2815: 10:18am On Apr 22, 2020
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Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by buJu234: 10:18am On Apr 22, 2020
Its traceable, that's the reason why after the POS showed failed transaction yet you were debited you can take the slip to your bank, they will do the tracing via the ATM company after confirmation then your money will be returned ( dont u see it written in walls of Shoprite; incase of failed pos transaction, see your bank).. same goes for failed ATM withdrawals yet you were debited..

The only issue here is that Nigerian banks, ATM companies (like interswitch etc) and the Police see it as a waste of time and resources.

If a big man like politician or dangote etc ATM go missing and someone is doing withdrawals from the account via POS, I can tell u that the authorities will fish out that criminal in less than 10days..
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by fortran12: 10:21am On Apr 22, 2020
nairavsdollars:
how did POS even get into the hands of armed robbers?
They applied for it
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by alabo1: 10:23am On Apr 22, 2020
Infogetong:
This is getting outrageous. !

Robbing with pos ?

When they tell government to invest in Education they will refuse, no see the brainless robber thinking he'll just work to the bank and withdraw the money or use ATM or transfer.

From the person or business that registered the pos download to the bank or agent that registered it for them are in for a bigger trouble, except they people that were rubbed are also uneducated .

They are not robbing with POS. They only use the machine to verify the PINS. They then withdraw cash using ATMs
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by Rexymania(m): 10:26am On Apr 22, 2020
nairavsdollars:
na so. every dick, tom and harry have access to ATM. even police on checkpoints

What that dude is carryin is not PoS or debit card but an ID card
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by 79733139(m): 10:26am On Apr 22, 2020
This solves the problem completely, but the Nigerian system is slow to change.

yinchar:
This is a no brainer issue that requires a simple fix.

All funds paid or transferred to a POS linked account should be made unavailable or kept in lien for 3 working days, will only be cleared for withdrawal or transfer after 3 working days.

That’s how’s it done in some advanced countries, even in some countries it 7 working days, some 1 month.

I don’t know why simple things are so difficult in our country.
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by God2man2again(m): 10:28am On Apr 22, 2020
emmanuelewumi:



You did not read the article. The POS is used to confirm your PIN, they will then use your ATM card to withdraw money from your account

POS to confirm? Isn't it part of the stealing process?
Re: Nigerians Blame Banks For Negligence As Robbers Visit Homes With POS Machines by 79733139(m): 10:29am On Apr 22, 2020
SavageResponse:


If you were a business owner would you accept a situation where you have to wait 7 days just to access payments made to you by your customer?

I think 3 days is feasible and doable. Businesses can always rely on post-dated cheques.

1 Like

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