Card Testing
Epayment Fraud Card testing fraud is a type of credit card fraud where fraudsters use automated software to test the validity of stolen credit card numbers. They do this by
Read MoreThe Committee of Heads of Bank Operations (CHBO) is a professional body comprising senior representatives from all Deposit Money Banks (DMBs) in Nigeria. The committee was established to drive strategic alignment and foster operational excellence across the banking sector.
Through regular collaboration and dialogue, CHBO engages proactively with key industry stakeholders, including the Central Bank of Nigeria (CBN), the Nigeria Inter-Bank Settlement System (NIBSS), and the Chartered Institute of Bankers of Nigeria (CIBN).
Our collective objective is to ensure that banking operations nationwide adhere to the highest standards of regulatory compliance, operational efficiency, and customer-centric innovation. CHBO serves as a unifying platform to share best practices, develop standardized procedures, and respond cohesively to emerging operational challenges across the industry.
The Committee of Heads of Bank Operations (CHBO) brings together top operations executives from Nigeria’s Deposit Money Banks (DMBs) to foster a unified approach to banking operations.
We work collectively to improve how banks serve customers by promoting operational excellence, ensuring strict compliance with banking regulations, and engaging openly with industry stakeholders.
Our collaborations with regulatory and institutional partners such as the CBN, NIBSS, and CIBN are central to shaping policies, streamlining processes, and driving innovation within the Nigerian financial ecosystem.
At CHBO, we believe that a connected, transparent, and efficient banking environment benefits not only the industry but also every Nigerian who depends on it.
Epayment Fraud Card testing fraud is a type of credit card fraud where fraudsters use automated software to test the validity of stolen credit card numbers. They do this by
Read MoreYou can help prevent card testing fraud by implementing security measures such as Address Verification System (AVS) checks and Card Verification Value
Read MoreChargeback fraud, also known as ‘friendly fraud’ or ‘first-party fraud’, is when a consumer disputes a charge on their credit card, which means businesses
Read MoreThe best way to prevent chargeback fraud is to have clear policies and procedures in place for handling customer complaints and disputes, and to
Read MoreStealing someone’s card online is essentially identity theft. Identity theft involves a fraudster stealing someone’s personal details, such as their name,
Read MoreID verification – validating the identity of the person attempting payment is a simple and effective way to reduce card fraud, and can be achieved by
Read MoreAs e-commerce grows to dominate an ever larger segment of the global economy, criminals will inevitably follow the money.
Read MoreThe Committee of Heads of Bank Operations (CHBO) stands as a cornerstone of collaboration and integrity within Nigeria’s financial sector. Representing all Deposit Money Banks (DMBs), we are united in our mission to elevate banking operations through a shared commitment to excellence, compliance, and strategic engagement.
By working closely with institutions such as the Central Bank of Nigeria (CBN), Nigeria Inter-Bank Settlement System (NIBSS), and the Chartered Institute of Bankers of Nigeria (CIBN), CHBO serves as a critical liaison between policy and practice, bridging regulatory frameworks with day-to-day operations.
Our vision is a future where banking operations are seamless, secure, customer-focused, and driven by collaboration, ensuring that the Nigerian banking industry remains resilient, forward-thinking, and globally competitive.
Payment System Vision 2030 Navigating Contemporary Issues in Driving Future Growth
If you have experienced or suspected an e-Payment fraud or scam, click on the Report Fraud button below to report the incident. We take all reports seriously and your submissions are treated with utmost privacy.
