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(EPPAN) inaugurates committee on ATM, PoS frauds

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Lagos – The Electronic Payment Providers Association of Nigeria (EPPAN) has inaugurated a committee to handle frauds arising from using ATM cards and other e-payment platforms. The Executive Secretary of the association, Mrs Regha Onajite, said in an interview in Lagos on Tuesday that the committee was made up of seasoned professionals and industry experts. She said the body was expected to interact and reach common understanding on various industry issues. Onajite said that EPPAN was established with the objective of providing a platform for all e-payment industry stakeholders to resolve issues on their services. “We understand end-users skepticism and fear of the risk associated with the use of e-payments. “We must realise that with new technologies come new challenges and the only way to become better is by facing these challenges. “The industry is working tirelessly to close up on every gap that may be the precursor of the risk. “To alleviate the fears of end-users, EPPAN has taken upon itself the duty of enlightening end-users and educating industry experts in keeping up with the latest technology and global best practices,’’ she said. The scribe canvassed more usage of Point of Sale (PoS) machines by bank customers to reduce cost of turnover and eliminate time wasting at banks. Onajite said the association was also working with stakeholders to mobilise e-payment end-users and awaken them to the benefits of the system. According to her, the structures set up by both the industry and regulators show clearly that work is going on in every area to ensure that e-payment services are safe and efficient. The secretary said that the association was also promoting the development of appropriate standards and policies for industry players. EPPAN is a non-profit organization, representing the Nigerian e-payment industry with over 80 corporate members.

Source: http://www.vanguardngr.com


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