CBN’s Proposed Rule Mandating 48-Hour Refund of Failed ATM Transactions Gains FCCPC Support

CBN’s proposed rule mandating 48-hour refund of failed ATM transactions gains FCCPC support

The proposed directive follows years of public frustration over delayed reversals and failed transfers, often breeding discontent among accounts holders.

CBN orders 48 hours refund timeline for failed ATM transactions - Business Hallmark

The Central Bank of Nigeria (CBN) has mandated financial institutions to refund customers within 48 hours for failed ATM transactions. The Federal Competition and Consumer Protection Commission (FCCPC) welcomed the Central Bank of Nigeria’s (CBN) draft guidelines requiring all banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. According to […] The post CBN orders 48 hours refund timeline for failed …

FCCPC Backs CBN’s 48-Hour ATM Refund For Customers

The Federal Competition and Consumer Protection Commission (FCCPC) has declared its support for the Central Bank of Nigeria’s (CBN’s) draft guidelines mandating all banks to refund customers’ money in cases of failed Automated Teller Machine (ATM) transactions within 48 hours.…The post FCCPC Backs CBN’s 48-Hour ATM Refund For Customers appeared first on The Liberation News Nigeria.

FCCPC Backs CBN’s 48-hour Refund for Failed ATM Transactions - InsideBusiness - Business News in Nigeria

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ATM: FCCPC to monitor banks' implementation of 48-hour issues resolution rule

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FCCPC backs CBN’s 48-hour refund rule for failed ATM transactions

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