UNDERSTANDING NIBSS ELECTRONIC FUNDS TRANSFER (NEFT) OPERATIONS

DATE: 21 – 22 February      2012                           VENUE : Lagos

BACKGROUND:

One effective approach to reducing high dependence on cash is to make available to consumer and merchants a variety of payment systems such that the end users are able to select a preferred choice depending on the nature of transaction and circumstances of purchase. NEFT is one of such payment system. The problem of returned cheques is avoided by NEFT transfer   (A NEFT payment is an irrevocable fund transfer instruction) because the payers bank will not accept the order if there are insufficient funds to cover the payment.

It’s operations, however, is not without its own challenges in terms of skills development of personnel involved. This course is designed to help resolve such skills challenges.

OBJECTIVES:

• Understand NEFT process flow.
• Understand risks associated with NEFT operations and globally tested mitigations against such.
• Take advantage of  the opportunities offered by this method of retail payment.

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TARGET AUDIENCE:

Staff in e-Business, NACS processing unit, IT, Marketing, Customer service and others with transaction related functions

METHODOLOGY:

Formal lectures, case studies, simulation and experience sharing.

DURATION: 2 DAYS

ADMINISTRATION:

The programme commences at 8.30 a.m. and ends at 5.00p.m. daily.

COURSE FEE: N 98,000.00