CBN instructs banks to reconfigure ATMs, POS terminals for foreign card use Story by Martha Gwary To ensure seamless and efficient transactions for holders of foreign-issued payment cards in Nigeria, the Central Bank of Nigeria (CBN) has instructed banks and non-bank acquirers to reconfigure all automated teller machines (ATMs), point-of-sale (POS) terminals, and virtual terminals. These devices must accept international cards via Nigerian acquirers, fully comply with card scheme standards, and hold the required certifications for smooth processing. The CBN announced this in a circular signed by Dr Rita Sike, Director of...