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The Central Bank of Nigeria yesterday unveiled plans to introduce biometric authentication of Point of Sale (POS) and Automated Teller Machines (ATMs) to address safety of customers’ funds and avoid losses through compromise of Personal Identification Numbers (PIN) by 2015. Giving the hint at the opening ceremony of the week-long stakeholders’ sensitisation forum on the just introduced cashless policy in the Federal Capital Territory (FCT), Governor of the apex bank, Mallam Lamido Sanusi Lamido, said the initiative was amongst others being undertaking to ensure that frauds and other factors that promote financial exclusion of Nigerians are eliminated in the financial system.

CBN to introduce biometrics for ATMs, POS terminals