Banks to replace ATM cards with finger prints in 2015

The Central Bank of Nigeria and the Bankers Committee on
Tuesday sealed a biometric solution pact with a German
Firm, Dermalog, for the development of a payment system
that would be driven by fingerprints.
The move, according to the Governor, CBN, Mr. Lamido
Sanusi, will help to revolutionise the country's payment
system.
For instance, unlike the current practice where different
instruments are used as means of identification, bank
customers will from 2014 be identified through their
fingerprints.
Sanusi, while speaking at the signing of the agreement,
which was held at the central bank's headquarters in Abuja,
noted that the system would become operational on
February 14, 2014.
The move followed the recommendation of a sub-
committee chaired by the Group Managing Director, Zenith
Bank Plc, Mr. Godwin Emefiele.
The committee, made up of the Group Managing Directors
of Access Bank Plc, First Bank of Nigeria Limited, United
Bank for Africa Plc, Union Bank of Nigeria Plc and Skye
Bank Plc, had shortlisted Dermalog as the company to
develop a database for the banking sector.