Nigeria's central banks has recommended that the country's institutions work towards embedding biometric data onto bank cards.The CBN has asked banks to begin to embed Bank Verification Number (BVN) biometric data in payment cards issued henceforth, to facilitate off-line BVN verification and biometric-based customer authentication on such payment devices as Automated Teller Machines (ATM), Point of Sale (PoS), kiosks, among others.Former Keystone Bank Executive Director, Richard Obire, said the banks had no reason not to comply. He said: “The CBN needs to wake the banks up by setting a compliance deadline for them otherwise, the objective of the policy shift will not be achieved.”He added: “In the past, they asked their customers to get two references before cheques are acceptable into the accounts. I understand they are taking precautions as accepting cheques can expose them to risks, but with the BVN and registered mobile phone details, I think they should comply without further delay”
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