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Entries Tagged as 'Africa'

Nigerian bank begins issuing EMV cards

August 27th, 2009 · No Comments

First City Monument Bank (FCMB) Plc has begun the replacement of the Magnetic-Stripe ATM Debit cards used for many electronic Banking services such as cash withdrawal at its various Automated Teller Machines (ATMs) and payments on Point of Sale (POS) terminals with a more secure and reliable Chip & PIN ATM Debit card.
The FCMB (Verve) […]

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Tags: Africa · Chip & PIN News

Africa’s First Chip and PIN Card Introduced

March 6th, 2009 · No Comments

InterSwitch, Nigeria’s  premier payment  transactions switching company has launched the first African branded MasterCard MChip4 payment card brand into the vibrant e-payment market in Nigeria . This is in line with the Central Bank of Nigeria’s (CBN) directive which mandates all banks to convert all existing magnetic stripe cards to a more secure Chip and […]

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Tags: Africa · Chip & PIN News