Press Release
POS FUNCTIONAL SPECIFICATION
April 9th, 2013
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
Read MoreLagos POS Adoption Survey Report released by NIBSS Plc
February 21st, 2013
Lagos POS Adoption Survey Report released by NIBSS Plc
Read MoreREQUEST FOR INTEREST TO BID FORSUPPLY AND IMPLEMENTATION OF BIOMETRIC SOLUTION FOR DEPOSIT MONEY BANKS IN NIGERIA
September 27th, 2012
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 …
Read MoreNUBAN Account Verifier
June 13th, 2012
The new NIBSS initiative which allows the public to confirm the validity of a NUBAN bank account number before it is used for electronic payments. NUBAN Account Verifier
Read MoreCBN REVIEWS THE CASH-LESS LAGOS POLICY
March 26th, 2012
CBN REVIEWS THE CASH-LESS LAGOS POLICY The Central Bank of Nigeria (CBN) through a letter dated March 16, 2012 and addressed to operatives in the Nigeria e-Payment System and the public has reviewed the provisions of the Cash-Less Lagos Policy to reflect feedback received from stakeholders so far. Key adjustments made to the policy which …
Read MoreNIBSS – An integral ally of the financial system on Cash-Less Nigeria Project
March 16th, 2012
NIBSS – An integral ally of the financial system on Cash-Less Nigeria Project The Central Bank of Nigeria (CBN) through a circular Ref: COD/DIR/GEN/CIT/05/031 dated 20th April, 2011 has fixed June, 2012, as deadline for the enforcement of daily cumulative limit of N150,000 and N1,000,000 on free cash withdrawals and lodgments by individual and …
Read MoreNIBSS Commences T+1 Settlement of POS Card Transactions
December 26th, 2011
NIBSS Commences T+1 Settlement of POS Card Transactions Lagos Nigeria; November 28 2011: As part of its preparation for the Cashless Lagos project, Nigeria Inter-Bank Settlement System Plc (NIBSS) has commenced T+1 Settlement of POS transactions, processed through Valucard Nigeria Plc, into Merchants Bank accounts. The T+1 settlement rule is designed to ensure that business …
Read MoreNIBSS Commences Pilot Run on Cheque Truncation and Image Exchange
November 11th, 2011
Another giant stride was made by Nigeria Inter-Bank Settlement System (NIBSS) Plc with the upgrade of the Nigeria Automated Clearing System (NACS) infrastructure with the commencement of pilot run of Cheque Truncation and Image Exchange for the Nigeria financial system on Monday, August 1, 2011. Cheque Truncation System is designed to enable banks to handle …
Read MoreNIBSS Instant Payments Service
November 11th, 2011
Lagos Nigeria; June 27 2011: In its bid to enhance improved service to bank customers and consumers of e-payment services, Nigeria Inter-Bank Settlement System Plc (NIBSS) has introduced the “NIBSS Instant Payments (NIP) “, an account-number-based, online real time inter-bank funds transfer service, that will enable banks and other e-payment solution providers to provide faster …
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