FirstBank of Nig. Ltd. says its Automated Teller Machines (ATMs) dispensed over ₦2.8 trillion from January 2017 to December 2017. The bank’s Group Head of E-Business, Mr Chuma Ezirim, said in a statement in Lagos on Monday that the bank also accounted for 37 per cent bill payment services on ATMs in the nation’s banking […]
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Commercial banks can no longer take Short Message Service (SMS) charges on bulk bank transfers done through the Real Time Gross Settlement (RTGS), The Nation report. The RTGS is an interbank funds transfer system on “real time” basis and “gross”. Settlement in the “real time” means that the transaction takes place almost immediately. The banks […]
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Five decades since it heralded a transformation in the way people obtained and used cash, the world’s first ATM was turned into gold for celebrations of its fiftieth anniversary. The brainchild of Scottish inventor Shepherd-Barron, the first ATM (automated teller machine) was opened on June 27, 1967 at a branch of Barclays bank in Enfield, […]
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