Banks To Replace ATM Card With Finger Print By Next Year February 14!

The Central Bank of Nigeria and the Bankers Committee on Tuesday sealed a
biometric solution pact with a German Firm, Dermalog, for the development of a
payment system that would be driven by fingerprints.
What this means is unlike the current practice where different instruments are used
as means of identification, bank customers will from 2014 be identified through
their fingerprints.

Sanusi, while speaking at the signing of the agreement, which was held at the
central bank’s headquarters in Abuja, noted that the system would become
operational on February 14, 2014.

This move followed the recommendation of a sub-committee chaired by the Group
Managing Director, Zenith Bank Plc, Mr. Godwin Emefiele. *winks*

The cost of the project is above $50m and the banks, in their wisdom and in line
with their collaborative efforts, are going to be sharing the cost of the project, and
no customer is going to be charged for this project.