Tag: Fraud prevention
Access Bank Faces Rising Fraud Incidents Despite ₦193.5 Billion Tech Investment
Access Bank, a popular Nigerian banking institution, decided to invest a whopping ₦193.5 billion in technology to combat financial fraud. This move was highly praised in the industry as the largest IT expenditure in...
New Code Verifies MTN Numbers Instantly
MTN Nigeria has launched a new digital verification code that instantly confirms the validity of phone numbers on its network, addressing widespread fraud concerns. The service, available via USSD or the MyMTN app, allows...
New Code Verifies BVN for Instant Bank Account Validation
A new digital code has been launched to verify Bank Verification Numbers (BVN) for instant bank account validation in Nigeria, enabling faster and more secure financial transactions. Developed by the Nigeria Inter-Bank Settlement System...