Point of Sale Archives - Rave Online News

Tech

Flutterwave Set to Recover ₦19BN Illegally Transferred by POS Merchants

Flutterwave, one of Africa’s leading fintech companies, is poised to undertake a substantial recovery effort following a High Court ruling granting it the authority...

EditorFebruary 10, 2024

E-Financial

PoS operators hike charges by 100 per cent as Naira scarcity persists

Operators of Point of Sale (PoS) have increased their charges by 100 per cent for all transactions, following the scarcity of naira notes. According...

EditorDecember 14, 2023

E-Financial

How Bank Customers Paid N154bn Fees for e-banking Services

Customers of nine leading commercial banks paid N154 billion as fee for using electronic banking services in the first half of 2023, it has...

EditorSeptember 30, 2023

E-Financial

FITC Says Banks Lost N6Bn to Fraud in 6 Months

Financial Institutions Training Centre (FITC) has reported that mobile fraud, computer/web fraud, and Point of Sale (PoS) fraud cases made Nigerian banks lose N6billion...

EditorAugust 25, 2023

Metro

Police Arrests Three Men for allegedly hacking POS platform to steal N16m in Oyo

Three suspects have been arrested by the police for allegedly hacking of a Point of Sale (POS) platform to steal N16 million in Oyo...

EditorDecember 8, 2022

E-Financial

Interswitch, Other Industry Stakeholders Explore Future of Payments and Fraud

The Nigerian payments ecosystem has undergone impressive evolution over the years; transitioning from a cash-based system to electronic payment systems that have deepened financial...

EditorJune 7, 2022