POS FUNCTIONAL SPECIFICATION

In August 2011, the Central Bank of Nigeria approved the Guidelines on Point Of Sale (PoS) Card Acceptance Services, which amongst others, mandated Nigeria Inter-Bank Settlement System Plc (NIBSS) to act as the Payments Terminal Service Aggregator for the financial system.

POS FUNCTIONAL SPECIFICATION

Lagos POS Adoption Survey Report released by NIBSS Plc

Lagos POS Adoption Survey Report released by NIBSS Plc

REQUEST FOR INTEREST TO BID FORSUPPLY AND IMPLEMENTATION OF BIOMETRIC SOLUTION FOR DEPOSIT MONEY BANKS IN NIGERIA

REQUEST FOR INTEREST TO BID FORSUPPLY AND IMPLEMENTATION OF BIOMETRIC SOLUTION FOR DEPOSIT MONEY BANKS IN NIGERIA

Background

The Bankers’ Committee is seeking interest from reputable solution providers/system integrators to supply and implement a suitable biometric solution across all Deposit Money Banks (“the Banks”) in Nigeria. The aim is to provide a centralised platform through which banks may enrol and uniquely identify and verify the identity of each customer for ‘know your customer’ or KYC purposes, perform credit checks, verify customer’s integrity and to authenticate customers from a point of transaction device.

Qualifications for Bid

Prospective bidders are required to:

1. Be a registered company. Advantage will be given to any company that has an affiliate or representative  in Nigeria; and
2. Have implemented similar solution with minimum enrolment capacity of 5 million subscribers.
3. Must have implemented a large scale project of a minimum total contract sum of $5 million

Request for Proposal (RFP) Respondents

The RFP will be issued to all qualified interested bidders whose role as RFP respondents is to bid for the supply and implementation of a turnkey solution that meets the specified business requirements of the Bankers’ Committee. To participate in the RFP exercise, kindly send an email to our consultants Ernst & Young at vs@ng.ey.com.

All interests must be received on or before Friday 05 October 2012. Any interest received after this date will not admitted.

The Bankers’ Committee reserves the right to accept or reject any or all bids, to take exceptions to these RFP specifications or to waive any formalities.

GUIDELINES-ON-NIGERIA-BANKS-CLEARING-AND-SETTLEMENT-SYSTEM

Introduction

Pursuant to enhancing the efficiency of the payments system, it has become necessary to provide a viable framework for managing the settlement positions of banks.  This is aimed at ensuring settlement finality at the CBN, given the important role that a well functioning payments system has on monetary policy, financial stability and overall economic activity

GUIDELINES ON ELECTRONIC BANKING IN NIGERIA

e-bankingrpt

REPORT OF THE TECHNICAL COMMITTEE ON ELECTRONIC BANKING

REGULATORY FRAMEWORK FOR MOBILE PAYMENTS SERVICES IN NIGERIA

REGULATORY FRAMEWORK FOR MOBILE PAYMENTS SERVICES IN NIGERIA

Guidelines on Stored Value Prepaid Card Issuance and Operations

1. Only deposit-taking banks or financial institutions licensed by the CBN with clearing capacity shall issue stored value/prepaid cards. Other deposit taking institutions without clearing capacity can issue in conjunction with those with clearing capacity.