Thursday, November 5, 2015

GTBank Says How Customers Can Solve BVN Challenges

GTBank Says How Customers Can Solve BVN Challenges

The management of Guaranty Trust Bank (GTB) has reacted to the current situation of anxious customers affected by the Bank Verification Number (BVN) deadline account lock-down.

Many bank customers have been affected by the Central Bank of Nigeria’s (CBN) directive that all unregistered accounts within Nigeria be resticted from debit transactions, The Herald reports.

The bank responded by providing tips to help combat the difficulties associated with the situation.

 About Bank Verification Number (BVN)
With the increasing incidents of compromise on conventional security systems (password and PIN), there is a high demand for greater security on access to sensitive or personal information in the Banking system.

The BVN gives each Bank customer a unique identity across the Nigerian Banking industry that can be used for easy identification and verification at Point of Banking operations.

Biometrics refers to identification of an individual based on physiological attributes- fingerprint, voice, facial features etc. To address existing challenges with identity management, the Central Bank of Nigeria, in collaboration with all Nigerian banks launched a centralized biometric identification system tagged Bank Verification Number (BVN)

  • Your BVN gives you a unique identity that can be verified across the Nigerian Banking Industry (it is not peculiar to one Bank)
  • Your Bank Accounts are protected from unauthorized access
  • Its reduces fraudulent activities on bank account
  • Gives easy access to Banking operations
  • Your BVN is accepted as a means of identification across ALL Nigerian Banks
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