Central Bank of Nigeria
Reduction of Chargeback Period for ATM, POS and Web Transactions in the Guidelines for the Operation of Electronic Payment Channels
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- Author
- Central Bank of Nigeria
- Year
- 2020
- Pages
- 2 pages
This directive revises chargeback and refund timelines for failed or disputed ATM, POS, and web transactions, effective June 8, 2020. It requires instant reversal for failed on-us ATM transactions where technically possible, limits manual and not-on-us ATM refunds to specified periods, requires POS and web…
