Central Banks in Other Countries to Require Biometrics to Bank
Melissa Melton
Activist Post.com
Tuesday, June 24, 2014
You think the big brother surveillance state is getting creepy here in America, check out what central banks are doing in other countries.
Via All Africa:
In line with the ongoing initiative of the Central Bank of Nigeria (CBN) and the Bankers’ Committee (comprising Chief Executives of the nation’s deposit money banks), banks across the country are to begin capturing of customer biometric data as part of Bank Verification Numbers (BVN).
The rollout of the BVN solution for the identification and verification of bank customers is expected to begin in 1,000 selected bank branches across Lagos, as a prelude to a nationwide rollout.
This is in alignment with the phased approach adopted in executing the three-tiered Know-Your-Customer (KYC) and cashless policy of the CBN.
That’s right. In addition to the Central Bank of Nigeria’s new cashless policy — which aims at “reducing” the amount of paper money and coins circulating in the economy and encouraging more electronic transactions by adding a ‘cash handling charge’ — a new biometric program will require customers to sign up for a Bank Verification Number and present themselves at any branch for fingerprinting (all 10 fingers), facial image capture, and more.
The Rest…HERE
