The Effect Of Atm Technology In Nigeria Banking Industry
Chapter One
Preface
Globalization is a Universal miracle. Globalization has brought a lot of changes to fiscal diligence in the global community and there’s an increase in profit on frugality through Information Technology( IT)
There’s no mistrustfulness; the preface of Automated Teller Machine( ATM) has changed the face of electron payment in Nigeria.
” An Automated Teller Machine( ATM) is a motorized telecommunication device that provides the guests of any fiscal institution an access to any fiscal in a public space without the need for a cashier of mortal clerk”
WIKIPEDIA, THE FREE ENCYLOPEDIA). It’s also called machine.
In the last ten times, Banks in developed countries have been investing further and further on Information Technology( IT) as a means to reduce costs and ameliorate operation effectiveness. An disquisition of the operation of Information Technology in Nigeria Banks was carried out in order to determine the prospects and success of Information Technology executions in the sector.
The data were generated from a check of aimlessly named branches of Skye Banks in Lagos, the marketable capital of Nigeria. nearly all the Banks had an information Nigeria policy, the main thrust of which technology policy, the main thrust of which were to achieve full operation pretensions to secure competitive advantages and to be over to take. Only565.6 of them actually achieved some measure of successful perpetration. The anticipated benefit of investment in IT were realized in only a fairly many number of Banks.
The consequence was that, lower than 40 of the Banks were poised to maximize the benefit of IT through major investment especially in the areas of online access and deals electronic marketable and electronic publishing. It’s estimated that at least 60 of the branches of the, Banks are spending lower than$150.000 annually on Information Technology( IT).
In the light of these, Banks in the country are now espousing teller service Technology that’s Automated Teller Machine( ATM) because it’s cost effective in the long run system in Nigeria.
In the once many times, Nigeria Banks and the fiscal service assiduity in particular then embraced the conception ofe-money. Changes have begins to take place in the Nigeria fiscal land compass and client are adding . raising the stopgap of prospects for quality guests service client is linked by fitting a plastic ATM card with a glamorous stripe on a plastic smart card with a chip that contains a Unique law number and some security information similar as an expiration or CVVC. Also, Authentication is handed by the client entering a particular Identification Number( Leg).
Statement Of The Problem
Poor’ Automated Teller Machine( ATM) technology is what guests of banks are now facing in Nigeria Banking Industry. lower than two times after banks guests have welcome ATM, the backing is gradationally changing, into another extravagant display of frustration. And the problem of cash/ card retreat is no more a bare byword. still, operation of Personal Identification Number Code( Leg law) by other people is the contra statement of the problem linked for this design work. As these could help to reduce the threat bank/ client might fall into. The exploration design is therefore poised, to examine the possible part of which A TM could play on Nigeria banks especially as a lot of frauds are associated with A TM technology currently.
Points And Objects Of The Study
The primary objects of this study are to seek entitled” goods of ATM technology on Nigeria banking diligence”.
v To examine the significance of ATM on Nigeria citizen in banking assiduity, Stockage of cards on the machine, effectiveness and effectiveness of A TM on banking, client and also the operation
Exploration Question
v To ATM is curse or blessing to banking assiduity?
v How long does it takes you to complete withdraw process make on A TM?
v Is ATM save and dependable?
v Can plutocrat be withdrawn at any time on ATM?
v How fast can Leg law be recoup when forgotten?
v Do A TM technology reduce the length of’ queuing in banking hall?
v How numerous time can one use ATM card pet day?
Conformation Of Thesis
The null and indispensable thesis to be espoused for this exploration bid would as follows
Ho ATM technology isn’t necessary to the survival of banking assiduity
Hi ATM technology is necessary to the survival of banking assiduity
Ho ATM technology isn’t the volition to reduce ranges that characterize the country’s banking hall
Hi ATM technology is the volition to reduce ranges that characterize the country’s banking hall.
Ho ATM has not ameliorate bank service effectiveness.
Hi ATM has bettered bank service effectiveness.
Significance Of The Study
The study upon competitive would be useful in a variety of ways.
First and foremost, it would help to contribute to the body of knowledge in this area of academic bid, as pupil, scholars and other experimenters may profit in equally from the outgrowth of this experimenters may profit from the outgrowth of this exploration, also be useful to all Nigerians and banking/ fiscal association so as to point the effectiveness and effectiveness in other to gain competitive advantages and to be suitable to meet the organizational pretensions and objects.
Limitation Of The Study
In the course of conducting this exploration work it’s anticipated that the following will constitute impediments to the effective conduct of the study
Access to Data incapability to pierce applicable information is a previsioned challenge to the success of this exploration.
Time Constraint this study would have choose to cover a larger compass to consider the whole marketable banks in Nigeria.
High cost of running a large area Also the fiscal recrimination of covering the entire nation could be a dilemma to the success of this exploration.
nonetheless, I believe the below limitations will in no way affect the trustability and validity of the exploration study.
The Compass Of The Study
The compass of this sweats circumstances and the case study venue, which SKYE BANK PLC, the part is play at icing the survival of the bank till date shall be the main compass of this exploration design.
Description Of Terms
ATM Automated Teller Machine
Abridge To dock the long story
Case of Study A detailed account of development of a situation over a period of time
This is to bring into actuality and produce a result
Effectiveness Doing the right thing at the right time
effectiveness Doing the right thing at the right time with a minimal
Organization A group of people who from a businesse.g., club in order to achieve a particular end
Leg- law Secret number given to proprietor of the bank account
grim It can not be calculate on
Survival The state of containing to live or being frequently in malignancy of difficulties or peril
Skye Bank Bank that has no limitation” until we reach sky”
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