BVN stands for--Bank verification Number. It is a unique ID number which is being issued to every Bank customer at enrolment and linked to every account that the customer has in ALL Nigerian Banks.
2. Individuals shall be required to submit an acceptable means of identification as prescribed for enrolment.
3. Customers of banks shall be required to enroll within a fixed period after which they shall no longer be able to operate their Bank accounts
Capturing of all ten (10) fingers and facial image will be adopted
4. For authentication purposes, individuals performing banking transactions (e.g applying for loans) shall be required to identify themselves using their biometric features which will be matched against information in the central database.
5. Update of customer information shall be done at their Bank Branches physically.
Banks shall be prompted during account opening and credit check if a customer has been blacklisted by ANY Nigerian Bank.
The BVN and unique features of an individual shall be used in conjunction with a PIN on a point of transaction.
The purpose of the project is to use biometric information as a means of first identifying and verifying all individuals that have account(s) in any Nigerian bank and consequently, as a means of authenticating customer’s identity at point of transactions.
To provide a uniform industrially accepted unique identity for Bank Customers
To authenticate transactions without the use of cards using only biometric features and PIN
Identification of blacklisted customers
With the increasing incidents of compromise on conventional security systems (password and PIN), there is a high demand for greater security for access to sensitive or personal information in the Banking System. In recent times, biometric technologies have been used to analyze human characteristics as an enhanced form of authentication for real-time security processes.
Biometrics refers to identifying an individual based on physiological or behavioral attributes – fingerprint, signature etc.
The Central Bank of Nigeria through the Banker’ Committee and in collaboration with all banks in Nigeria on February 14, 2014 launched a centralized biometric identification system for the banking industry tagged Bank Verification Number (BVN).
BVN gives a unique identity that can be verified across the Nigerian Banking Industry (not peculiar to one Bank)
Customers Bank Accounts are protected from unauthorized access
It will address issues of identity theft, thus reduce exposure to fraud
The BVN will enhance the Banking Industry chances of being able to fish out blacklisted customers
Reduce queue in Banking Halls
Standardized efficiency of Banking operations
The Customers unique BVN is accepted as a means of identification across ALL Nigerian Banks
LINK TO BANK
Validate BVN
Update of customer information shall be done at their Bank Branches physically.
Banks shall be prompted during account opening and credit check if a customer has been blacklisted by ANY Nigerian Bank.
The BVN and unique features of an individual shall be used in conjunction with a PIN on a point of transaction.
Walk into any branch of your Bank
Fill and submit the BVN
Enrolment form.Present yourself for data capturing (such as Fingerprint, facial Image etc)
An acknowledgment slip with the transaction ID is issued to you Within 24hours the system confirms your application, your BVN is generated, and you receive an SMS for pickup.
diaspora enrollment
enrollment centers
faqs
2. Individuals shall be required to submit an acceptable means of identification as prescribed for enrolment.
3. Customers of banks shall be required to enroll within a fixed period after which they shall no longer be able to operate their Bank accounts
Capturing of all ten (10) fingers and facial image will be adopted
4. For authentication purposes, individuals performing banking transactions (e.g applying for loans) shall be required to identify themselves using their biometric features which will be matched against information in the central database.
5. Update of customer information shall be done at their Bank Branches physically.
Banks shall be prompted during account opening and credit check if a customer has been blacklisted by ANY Nigerian Bank.
The BVN and unique features of an individual shall be used in conjunction with a PIN on a point of transaction.
- OBJECTIVE
The purpose of the project is to use biometric information as a means of first identifying and verifying all individuals that have account(s) in any Nigerian bank and consequently, as a means of authenticating customer’s identity at point of transactions.
To provide a uniform industrially accepted unique identity for Bank Customers
To authenticate transactions without the use of cards using only biometric features and PIN
Identification of blacklisted customers
- WHY IS BVN IMPORTANT?
With the increasing incidents of compromise on conventional security systems (password and PIN), there is a high demand for greater security for access to sensitive or personal information in the Banking System. In recent times, biometric technologies have been used to analyze human characteristics as an enhanced form of authentication for real-time security processes.
Biometrics refers to identifying an individual based on physiological or behavioral attributes – fingerprint, signature etc.
The Central Bank of Nigeria through the Banker’ Committee and in collaboration with all banks in Nigeria on February 14, 2014 launched a centralized biometric identification system for the banking industry tagged Bank Verification Number (BVN).
- BENEFITS
BVN gives a unique identity that can be verified across the Nigerian Banking Industry (not peculiar to one Bank)
Customers Bank Accounts are protected from unauthorized access
It will address issues of identity theft, thus reduce exposure to fraud
The BVN will enhance the Banking Industry chances of being able to fish out blacklisted customers
Reduce queue in Banking Halls
Standardized efficiency of Banking operations
The Customers unique BVN is accepted as a means of identification across ALL Nigerian Banks
LINK TO BANK
Validate BVN
- Requirement forBVNCertification
Update of customer information shall be done at their Bank Branches physically.
Banks shall be prompted during account opening and credit check if a customer has been blacklisted by ANY Nigerian Bank.
The BVN and unique features of an individual shall be used in conjunction with a PIN on a point of transaction.
- How To Enroll
Walk into any branch of your Bank
Fill and submit the BVN
Enrolment form.Present yourself for data capturing (such as Fingerprint, facial Image etc)
An acknowledgment slip with the transaction ID is issued to you Within 24hours the system confirms your application, your BVN is generated, and you receive an SMS for pickup.
diaspora enrollment
enrollment centers
faqs
SCRETS SHOULD KNOW ABOUT BVN BEFORE REGISTERING
Reviewed by BENEDICT
on
April 17, 2018
Rating:
Reviewed by BENEDICT
on
April 17, 2018
Rating:
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