First Bank Contactless Naira MasterCard

First Bank of Nigeria Limited has said the addition of contactless naira MasterCard to its array of debit cards will promote convenience, ease of transactions and the security of funds.

  The daily limits for PIN-less transactions are N3,000 for the contactless naira master card and N10,000 for the contactless Platinum Debit MasterCard

FirstBank debit cards, according to a statement, are acceptable nationwide and globally, and can be used to withdraw cash and access value-added services including bills payment, airtime recharge, flight and hotel book.

The lender said the contactless card could be used for making payments in the London transport network such as buses, tubes, trams, dock and light Railway and the London Overground as well as in grocery shops, supermarkets and gas stations within London metropolis.

It said the card was designed to enhance a cashless lifestyle by promoting increased card usage for lower value transactions.

“The daily limits for PIN-less transactions are N3,000 for the contactless naira master card and N10,000 for the contactless Platinum Debit MasterCard,” a statement by the bank reads.

Payments are made by tapping the card on the POS machine with contactless functions for low-value transactions, 

Comments

Post a Comment

Popular posts from this blog

Swift Code/BIC Is It Same As BVN

Image
👉Swift code/ BIC:  A SWIFT code — sometimes also called a SWIFT number — is a standard format for Business Identifier Codes (BIC). It’s used to identify banks and financial institutions globally. It says who and where they are — a sort of international bank code or ID.    These codes are used when transferring money between banks, in particular for international wire transfers or SEPA payments. Banks also use these codes to exchanging messages. 👉BVN: As you may already be aware, the Central Bank of Nigeria (CBN) in conjunction with the Bankers Committee has launched the Biometric Identification Project to provide a single biometric database for all banks’ customers nationwide.           Part of the requirements within this initiative is that customers enroll with their banks to get their unique Bank Verification Numbers (BVN), without which customers will not be able to transact in any bank if not obtained.    Also Read: CIT bank branches in California . Gtbank BVN .
Read more

DEJI POPOOLA - Fina Trust Microfinance Bank MANAGING DIRECTOR

Image
 Managing director of Fina Trust Microfinance Bank, Biography of Deji Popoola, Read Below    He started his career at African International Bank and subsequently also gathered various banking experience ranging from Commercial Banking, Retail Banking, Oil & Gas and Branch Management Operations. He has worked with some of the leading banks in the country that include Oceanic Bank Plc, UBA, Ecobank Plc and others where he had a very progressive career growth.    He has over 23 years experience spanning from Auditing, Banking, Consulting to Real Estate Investment. Prior to now he was the Pioneer MD/CEO of Citiserve Micro Finance Bank, VG Estates Ltd before Joining Fina Trust Micro Finance Bank as the pioneer MD/CEO.    He is a graduate of Management & Accounting, and also holds MBA from Obafemi Awolowo University Ile–ife. He is a Member of the Chartered Institute of Stockbrokers (CIS) and a Fellow of the Institute of Chartered Accountants of Nigeria. Alumnus, University of Cape To
Read more

Here are six ways your bank account can be hacked With BVN

Image
   With current attempts by fraudsters to access people’s bank accounts through text messages, emails, phone calls, etc., it is important we are armed with the knowledge of the different ways our bank accounts can be hacked by fraudsters. This will help us better discern their gimmicks, avoid their traps and keep our money safe. Here are six ways your bank account can be hacked: Trusting suspicious e-mails, text messages and phone calls In 2015, the Oyo State Police Command arrested BabatundeFatai, a young man, for various Internet frauds. Some of the crimes included hacking bank accounts of people in and outside Nigeria. Fatai revealed that to hack into bank accounts, he would either go to dating sites to woo men and women into trusting him with their account details, or he would send fake e-mails to bank customers asking them to change their accounts and bank security details. Fatai will then use their ‘old’ security details to access their accounts and transfer their money to his on
Read more