ATM failure a big problem for Nigerian banks

ATM failure a big problem for Nigerian banks
Tags: Bank / Credit Union, Bank Automation, Bank Security, Debit / Credit, Middle East & Africa, Retail / Off-Premises, Trends / Statistics
July 8, 2008

AllAfrica.com: The use of ATM cards as an alternative and faster means of withdrawing cash quickly has gained acceptance in Nigeria. Unfortunately, the country's banking infrastructures and technology have not been able to keep up with the growing ATM demands. Financial institutions' ATM networks are increasingly susceptible to failure, recent reports say, especially in commercial centers, where the ATM use and volume is high.