Business CBN Directs Banks to Destroy Cards Trapped in ATMs -This Day

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The Central Bank of Nigeria (CBN) has directed banks to render payment cards of other banks trapped in their Automated Teller Machines (ATMs) ineffective by perforation them before returning same to the issuing bank.

The central bank gave the directive in its approved “Guidelines for Card Issuance and Usage in Nigeria,” obtained on its website yesterday.

However, THISDAY learnt that some banks have started enforcing the policy since last quarter.

Click source for more details: This Day

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#thisday #CentralBankofNigeria #cbn #atm
 
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