NIBSS Services
Operation Areas
Settlement Services
Private switching companies and the Central Securities Clearing System Limited (the clearing system of the Nigeria capital market) rely on NIBSS for the settlement of their operations.
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NIBSS Intra-Day Exposure System (NIDES)
NIBSS enriches settlement operations, particularly in the banking system with the NIBSS Intra-day Exposure System (NIDES). It enables all Bank Treasurers and Fund Managers to monitor exposures between banks.
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Nigeria Automated Clearing System
NIBSS operates the Nigeria Automated Clearing System (NACS) in eight (8) of the 28 Bankers Clearing Houses in Nigeria.
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NIBSS Electronic Fund Transfer (NEFT)
The NIBSS Electronic Funds Transfer (NEFT) service is widely used by all banks to process inter-bank electronic funds transfer instructions of their respective customers.
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Central Mandate Management System (CMMS)
Central Mandate Management System (CMMS) is introduced by NIBSS Plc to address the problems and challenges faced by Banks, and Utility Service Providers(PayTV, Leasing, insurance companies, etc.) in the settlement of bills by subscribers.
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Automated Bulk Clearing Service
We leverage on NIBSS expertise in payments service provision and credibility in the Nigeria financial system to provide EFT services to corporate bodies and government agencies directly.
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Nigeria Central Switch
The national Electronic Funds Transfer (EFT) switch which will ensure inter-connectivity / interoperability amongst Banks and licensed EFT Switches in Nigeria, as well as serve as international retail payments gateway for Nigeria.
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Payment System Training
NIBSS operates a corporate Training Center, providing specialized Electronic Payments courses for the personnel of Banks, other corporate entities, and government agencies.
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Payment System Consulting
The pioneering role of NIBSS Plc in the development of automated processes for cheque processing and settlement of financial transactions in Nigeria imposed enormous responsibilities on NIBSS to guide financial system automation in the public sector and other African countries whose financial system had not been robustly developed as in Nigeria.
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e-Dividend
NIBSS secured the consent of the Securities and Exchange Commission (SEC) and other major stakeholders of the Nigerian capital market in 2007 to be the sole processor of shareholders dividends.
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NIBSS Instant Payment
Present yearnings of the market for On-Line Real-Time, Account Number based credit transfers…
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Payment Terminal Service Aggregator
NIBSS provides reliable data channel, effective interoperability and ensures higher POS availability.
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NUBAN Account Verifier
NIBSS e-Bills PAY
NIBSS eBillPay is an account-number-based, online real-time Credit Transfer product that enables customers to make payments by leveraging the security provided by the banks.Read More
