By Amaka Ifeakandu
Lagos
In order to strengthen the Cashless Policy introduced by the Central Bank of Nigeria (CBN) across the country, the Nigeria Inter-bank Settlement System (NIBSS) has introduced new applications that would enables the card user to have a wider visibility of transactions simultaneously in more than one bank.
Executive director, business development of NIBSS, Mrs Christabel Onyejekwe, who disclosed this in Lagos, said that the solution was designed to capture high performance and process large scale data loads to produce intelligence at the appropriate time.
Other features of the application include, access real-time information anytime anywhere through an internet connection (i.e. NIBSS-Bank VPN connection), access for multidisciplinary bank teams, access to dashboards of banks activity per service and receiving alerts from fall out of the thresholds directed to operational and management teams.
Consequently, all cards issued in Nigeria can be tracked in any part of the world. She said there was need for proper monitoring of transaction card, as it enables the company to react promptly to events, predict the trends, as well as alert teams instantaneously to solve problems.
“We want to sell a tool which the banks need for their day to day activity monitoring for their transactions on electronic channel to be able to foretell what is going on and arrest all the issues arising from that. NIBSS is a shared service infrastructure that means we can see all systems everywhere as long as they are connected to NIBSS, on like the banks that will see segregated transactions on their own platform, they may not have a wider visibility.
“Ours is more robust and more on line real time. Here every five minutes, the solution tells you what is going on and you will be able to track your transactions more even in other banks. The ant-fraud solution we are putting in place attempts to arrest possible fraudulent transactions with cards as long as it is a Nigeria card,” she added.