5 Nigerian Banks Get ACI African Payment Awards


A leading international provider of payment systems, ACI Worldwide, has honoured five Nigerian banks for outstanding achievements.

The banks are First Bank of Nigeria, Ecobank, GTB, Zenith Bank and Sky Bank.

The awards were presented by Raymond Moodley, ACI Africa’s Sales Director, at the Nigerian user group meeting at Four Points by Sheraton in Lagos.

All of the major banks in Nigeria now process electronic transactions on an ACI platform. These banks are linked to the central postilion switch operated by Interswitch, where inter-bank transaction switching takes place.

Interswitch, a postilion reseller in West Africa since 2002, and a value added services aggregator providing bill payment and prepaid products via all the electronic banking channels, facilitated the criteria and judging of the awards.

Five awards were presented during the dinner. First was the award for Adoption. The award recognised the bank that has endorsed the greatest number of electronic funds transfer over the past two years, including the number of position modules licensed, implemented, and generating live transactions. The winner in this category was First Bank of Nigeria.

Award for Growth was awarded to the bank that processes more than one million transactions per month and has seen the highest percentage growth in transaction over the past two years. The winner in this category was First Bank of Nigeria.

Award for Achievement went to the bank that has shown the greatest improvement in ranking based on transaction volumes in the past year. The winner in this category was Ecobank Nigeria.

The award for Operations was given to the bank that has consistently demonstrated professional operation management. The winner in this category was GTB.

Sky Bank won the award for Issuing Efficiency for demonstrating the most efficient card issuance strategy and sustained the highest active card rates in the industry.

The award for Availability goes to the bank that has achieved the highest availability and uptime of postilion on a Stratus server over the past two years. The winner in this category was Zenith Bank Plc.

According to Akeem Lawal, Director Payment Infrastructure, Interswitch, “The awards further demonstrates ACI’s commitment to the Nigerian market with the honouring of banks which over the last 10 years have adopted and relied on Postilion for secure inter-bank electronic payment transactions”.

—Henry Ojelu

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