Connect with us

E-Financial

QuickTeller Adds ‘Remember Card’ Feature to Verve Card

Published

on

Kindly share this post

Interswitch, a leading pan-African integrated payment company, in conjunction with Verve International, the payment card solutions division of Interswitch Transnational Holdings, has launched a new ‘Remember Card’ feature for QuickTeller, the online transaction service.

QuickTeller customers will now be able to use Remember Card to save their Verve card details, saving time each and every time they use the service to make a transaction.

The service is now available for customers using QuickTeller online and on their mobiles via Quickteller.com and m.Quickteller.com.

To enjoy Remember Card when making transactions QuickTeller customers must enable their Verve cards for Safetoken(tm), the online security tool, then login to the QuickTeller service using and verifying the phone number they have registered for Safetoken.

Users will then be able to tie all their ATM cards to their phone number.

Once the service has been enabled QuickTeller customers will only have to enter their CVV2 and PIN when making transactions.

With the Remember Card feature customers will experience quicker and more efficient transactions but will not have to compromise on security.

The Remember Card feature utilises Safetoken, the very latest in online security technology that protects customers against unauthorized use of their cards online through the generation of one-time-passwords (OTPs).

Interswitch has a track record in delivering the state of the art security and technology that is second to none.

In 2013, Interswitch completed the Payment Card Industry Data Security Standard (PCIDSS) certification, the highest global security certification, for the third year in a row. In 2010, when Interswitch was first PCIDSS certified, it was the only company in West Africa to have achieved the certification and has since been working with its partner banks to improve their security.

QuickTeller allows cardholders to access services such as: phone recharge, bill payment, cash withdrawal, funds transfer and cashback.

More than one million people use QuickTeller every month through ATMs, point of sale terminals, kiosks, their mobile phones or online.

Mitchell Elegbe, group managing director and chief executive officer, Interswitch Transnational Holdings, said: “The launch of QuickTeller’s Remember Card feature will make the service easier and more convenient to use without compromising on security. We are committed to extending this new time saving innovation to as many of our customers as possible and will also be launching Remember Card on selected partner sites soon.”

Charles Ifedi, chief executive officer, Verve International, said: “As the home-grown Nigerian payment card Verve is always on the lookout for new ways that we can better meet the needs of Nigerians and the Nigerian market. We are proud to be the first card to sign up to QuickTeller’s Remember Card service and extend its new time saving features to our customers.”


Kindly share this post
Continue Reading
Comments

E-Financial

FG Makes u-Turn on Bank Account Re-Registration

Published

on

Kindly share this post

Federal government on Friday apologised for asking all account holders in financial institutions in the country to re-register their personal details.

FG makes u-Turn on Bank Account Re-Registration

Recall that the federal government had on Thursday ‎ordered that all persons holding accounts across financial institutions and insurance firms should complete and submit self-certification forms to their respective financial institutions.

The notice issued by the government to that effect read, ‎“This is to notify the general public that all account holders in Financial Institutions (Banks, Insurance Companies, etc.) are required to obtain, complete, and submit Self – Certification Forms to their respective Financial Institutions.

“Persons holding accounts in different financial institutions are required to complete and submit the form to each one of the institutions. The forms are required by the relevant financial institutions to carry out due diligence procedures, in line with the Income Tax Regulations 2019.‎”

The directive raised eyebrows, as account holders already possessed Bank Verification Numbers.

Following widespread condemnation that trailed the directive, the Federal Government backtracked on Friday, saying the fresh guidelin‎e was not for all Nigerians.

The government attributed the development to misinformation.

The clarification issued by the government on Friday read, ‎“We apologise for the misleading tweets (now deleted) that went up yesterday, regarding the completion of self-certification forms by Reportable Persons. The message contained in the notice does not apply to everybody. ‎FIRS will clarify Nigerians on the objectives of the directive.”

Also on Friday, FIRS, in a statement posted on Twitter, explained that the guidelines were only for non-residents, as well as people paying tax in more than one country.

Parts of the FIRS statement read, “The Self Certification Form is basically to be administered on Reportable Persons, holding accounts in Financial institutions, that are regarded as “Reportable Financial Institutions” under the CRS.

“Reportable persons are often non-residents and other persons, who have residence for tax purposes in more than one jurisdiction or country.”

“The information that indicates an account holder is a resident for tax purposes in more than one jurisdiction, is expected to be available to Financial Institutions during account opening processes, for the KYC and AML purpose.”


Kindly share this post
Continue Reading

E-Financial

Stanbic IBTC Bank Disowns Lagos ATM Fraudster

Published

on

Kindly share this post

Stanbic IBTC Bank PLC has disowned Tope Olajide, 22-year-old fraudster arraigned for theft of customers deposits.

Stanbic IBTC Bank Disowns Lagos ATM Fraudster

The Bank said this in a statement on Wednesday.

The statement said: “The attention of the management of Stanbic IBTC Bank PLC has been drawn to news currently circulating in the media, about the alleged arraignment of staff of the Bank on charges bordering on the theft of customers deposits.

“The Bank would like to clarify that the defendant, a 22-year-old Tope Olajide, IS NOT, and was at no point in time an employee of Stanbic IBTC Bank PLC.

“The alleged culprit was apprehended around 7:30 am, on Thursday, 27 August 2020, by security operatives after he was exposed by CCTV footage using ATM cards he had allegedly stolen and converted, to make withdrawals from the accounts tied to the stolen ATMs.

“The CCTV footage also showed the alleged culprit pretending to assist customers at ATMs whilst also attempting to fraudulently dispossess the customers of their ATMs.

“He was subsequently arraigned before an Ikeja Magistrate Court on Monday, 14 September, for stealing the debit cards of two customers and using them to unlawfully withdraw the sum of N427,000.

“The Bank would also like to implore members of the public to be security conscious when conducting transactions at ATMs. Customers are advised to report any suspicious actions around them to security operatives who are usually stationed around the Bank’s ATMs, when carrying out transactions at any of our ATM locations.

“As an organisation, we hold dear the values of integrity, and we will continue to prioritise the safety of our customers effectively.”


Kindly share this post
Continue Reading

E-Financial

Buhari Okays Establishment of CBN-Led Infraco

Published

on

Kindly share this post

President Muhammadu  Buhari has approved the establishment of an   Infrastructure Company (Infraco) to be driven by the Central Bank of Nigeria (CBN) in partnership with the African Finance Corporation (AFC) and the Nigerian Sovereign Investment Authority (NSIA).

Buhari Okays Establishment of CBN-Led Infraco

Mr. Godwin Emefiele, CBN governor

This is coming  on the heels of the foreign reserves’ slump to $36 billion following a cocktail of monetary policy interventions by the apex bank to cushion the scathing effects of the COVID-19 pandemic on the economy.

Mr Godwin Emefiele, CBN governor, made these disclosures in Abuja at the annual conference of the Chartered Institute of Bankers of Nigeria (CIBN) with the theme: Facilitating a Sustainable Future: The role of Banking and Finance.

According to him, Infraco would enable the use of private and public capital to support infrastructure investment that will have a multiplier effect on growth across critical sectors.

“This entity would also be able to raise funds from the capital markets and mobilise long term finance to address some of our infrastructure needs, while providing reasonable returns to investors. “We believe this well-structured fund can act as a catalyst for growth in the medium and the long run. The support of the banking community will be important in achieving this objective.

“A well-built infrastructure system, comprising hard infrastructure such as roads and ports, and soft infrastructure such as broadband penetration, can have a multiplier effect on growth by enabling the expansion of business activities in the country”, he explained.

On foreign reserves, Emefiele attributed its crash to the decline in foreign exchange earnings and subsequent adjustments in the value of the naira to the dollar.


Kindly share this post
Continue Reading

Trending