21/01/07

NIBSS Chooses B2B/ACI for the Nigeria Central Switch

The Nigeria Inter-Bank Settlement System Plc (NIBSS) has through ACI Worldwides local partner in Nigeria, B2B Solutions Ltd, selected BASE24-es software from ACI to drive the Nigeria Central Switch (NCS).  The leading inter-bank payment and settlement company in Nigeria, NIBSS is to implement BASE24-es in order to provide interconnectivity and interoperability between electronic funds transfer (EFT) switches in the country. 

Base24-es is a very robust platform which will also support a seamless integration of the Nigeria retail payment system with the West African Monetary Zone retail payment platform. 

Other solution licensed by NIBSS from ACI is the Proactive Risk ManagerTM (PRM). The PRM will provide a fraud monitoring service to member banks thereby enhancing the security of all EFT through the switch.