News

Nigerian bank announces EMV platform integration

June 22, 2011

According to Vanguard, Oceanic Bank in Nigeria has announced that its ATMs now accept the EMV chip-and-PIN platform.

All foreign and local cardholders in Nigeria can now take advantage of Oceanic Bank’s ATM network for daily transactions, such as cash withdrawals, bill payments, reloading prepaid mobile plans and non-financial transactions such as VISA iPIN for Internet-based transactions.

A statement released by the bank said, "The beauty of the EMV platform is that any chip-and-PIN card, foreign or local, can conveniently access their bank accounts on EMV-compliant ATMs like those of Oceanic Bank."

The article said that Oceanic Bank has advocated the strategic direction of the Central Bank of Nigeria in supporting the upgrade of all bank cards to the more secure EMV chip-and-PIN platform.