October 17, 2017

Payment Terminal Service Aggregator (PTSA)

NIBSS is the sole catalyst of interoperability and aggregation in the payments industry. Aggregation involves the interconnectivity of all payment terminals deployed in the system. NIBSS ensures that all terminals used in the e-payment industry and all devices deployed in Nigeria would accept all cards issued by banks and other licensed card schemes without discrimination.

NIBSS ensures technical and operational standardization of all devices deployed in the financial system. This assures a constant availability and uniform functionality of the terminals and devices. The emphasis is on the ubiquity of payment process in Nigeria.

NIBSS provides a reliable data channel, effective interoperability and ensures higher Point of Sale Terminal (PoS) availability. NIBSS also enables Value Added Services on PoS (VAS on PoS) as well as provide services on terminal certification. NIBSS enables Next Day settlement of Merchants for POS transactions.