Business CBN threatens to sanction banks on ATM frauds - Vanguard

Vunderkind

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The Central Bank of Nigeria, CBN has threatened to sanction banks over the rising incidence of frauds through Automated Teller Machines (ATMs).

The apex bank said that though there is increased acceptance and usage of electronic payment channels, there is however increasing incidence of ATM fraud. It therefore directed banks to install on their ATMs technologies that can forestall this trend.

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Source: Vanguard
 

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