Friday, 8 November 2013

Banks To Replace ATM Card With Finger Print By Next Year February 14!

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.
What this means is 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.
This move followed the recommendation of a sub-committee chaired by 
the Group Managing Director, Zenith Bank Plc, Mr. Godwin Emefiele. *winks*
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.

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