As we have previously reported on The News of The Beast, Nigeria is set to go cashless and is registering every SIM card to its owner. They are doing this through the biometric registration of every resident of Nigeria. And they are teaming with MasterCard to produce a multipurpose identity card / payment card.
Now comes word that the president of the Central Bank of Nigeria wants all ATMs and Point of Sale transactions to be biometrically authenticated by 2015. Revelation 13 predicts that the Beast through the False Prophet will regulate every commercial transaction by requiring every person to have a mark on their right hand or on their forehead. The entire beastly financial infrastructure is set and ready, requiring only the beasts and the marks themselves.
Biometric Authentication For ATMs, PoS Takes Effect 2015 – Sanusi
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| Sanusi Lamido Sanusi |
Central Bank Governor Sanusi Lamido
Sanusi said that the implementation of bio-metric authentication for
Point of Sales (PoS) and Automated Teller Machines (ATMs) will
commence by 2015.
Sanusi, who was represented by the FCT
Branch Controller of the CBN, Mr John Chukwudifu, spoke on Tuesday in
Abuja at the opening ceremony of the stakeholders sensitisation
programme on the cashless policy.
He said that the measure would address
the safety of customer’s funds.
The News Agency of Nigeria (NAN)
reports that the cashless policy took effect from July 1, in the FCT,
Anambra, Ogun, Abia, Rivers and Kano.
``The Biometric authentication for POS
and ATMs to address safety of customers’ fund and avoid losses
through compromise of PIN is being considered and it will be
implemented by 2015,’’ he said.
He said that the cashless drive of the
apex bank did not mean the absence or replacement of cash but a drive
for safe payment system for customers.
``The cashless drive by the CBN does
not mean the absence or replacement of cash, however, it is the
provision of safer and
efficient alternatives of payment for
bank customers.
``A safe and effective payments
infrastructure is core to the financial stability of any country,’’
he said.
Sanusi said that displacing cash as a
preferred means of payment, remained a major challenge in Nigeria.
He said that direct cost to cash as at
2012 was estimated to reach N192 billion.
This cost, he said was being passed
onto customers in the form of bank charges and lending rates.
The governor said that the apex bank
had licensed some mobile scheme operators with the view to bringing
the un-banked or financially excluded into the banking culture.
