Jan 06 2010

Carry cash as well as a card, says German bank association

An end-of-the-decade programming glitch is causing problems for holders of millions of German credit and ATM cards.

Some 20 million ATM cards, known as Girocards or EC cards in Germany, and 3.5 million credit cards are affected, according to a statement Tuesday by the German Savings Banks and Giro Association (DSGV). Officials from DSGV could not be immediately reached.

The problem is related to a programming error with ATM terminals and point-of-sale devices. DSGV said it expected up to 85 percent of the POS terminals to be updated and fixed by Thursday.

Most of the cards were issued by German financial institutions. Those holding German cards who are overseas can try to use their cards, as about half are fine and the other half will work despite the problems with terminals within Germany, DSGV said. But the association did recommend that people keep enough cash on hand just in case the cards don’t work.

The fiasco prompted one smart-card vendor to issue a press release saying its cards were not at fault. Oberthur Technologies, a smart-card and ATM technology vendor based in France, said in a statement on Wednesday that its German-issued cards were functioning.

It wasn’t clear from DSGV’s statement how banking customers could identify cards affected by the problems.

Google Bookmarks Digg Reddit del.icio.us Ma.gnolia Technorati Slashdot Yahoo My Web
Jan 06 2010

Nigeria SIM Card Registration

The decision of the Nigerian Communications Commission (NCC) to commence the registration of all Subscriber Identity Module (SIM) card holders in the country is a commendable step towards bringing sanity to the Global System for Mobile (GSM) Communication and Code Diversion Multiple Access (CDMA) sectors and addressing the security crisis in Nigeria, according to the All Africa.

According to the Head, Media and Public Relations of the Commission, Mr. Reuben Muoka, those seeking registration of their SIM cards would need to produce valid identification documents including E-passport, corporate/company or work place identity cards that have pension identification/tax numbers; student ID cards from recognized institutions; drivers license issued by the Federal Road Safety Commission (FRSC) and e-tax cards. Read more »

Google Bookmarks Digg Reddit del.icio.us Ma.gnolia Technorati Slashdot Yahoo My Web

LLIAX