E-PPAN partners with Parkway Projects, others to Combat Digital Payment Fraud

E-PPAN partners with Parkway Projects, others to Combat Digital Payment Fraud
September 7, 2017 Parkway Projects

The E-payment Providers Association of Nigeria (E-PPAN) partnering with Parkway Projects Limited held a two-day training for the Police Special Fraud Unit (PSFU).

The two-day training, with the theme “Understanding Digital Payment Processes and Fraud Trends,” aimed at equipping the Nigerian Police Force with basic knowledge and skills, which would assist them in investigating and prosecuting electronic fraud crimes in Nigeria.

Some of the topics discussed during this training include basic understanding of e-payment process, an overview of payment processes, vulnerabilities of payment system, basic indicators to look out for in investigating a fraud, common trends in payment fraud and available laws and policies of electronic payment in Nigeria.

Compol Ibrahim Lamorde (CP), who was pleased with the gesture for such a workshop, encouraged more of such stakeholders’ partnership and collaboration.

Mr. Uloh Kelechi, Chief Operating Officer (COO) of Parkway Projects, addressed the basic of e-payment and an overview of the payment process, discussing the benefits & cons, architecture, channels, infrastructure, controls, challenges of the e-payment process and how the Police can help in combatting e-payment fraud.

E-payment fraud has been the apparent abuse from e-banking and e-payment practice in Nigeria. To this end, there is a need for watertight measures to nip fraudulent activities in the bud, especially by Inter-agency collaborations, continuous advocacy and engagements.

Parkway Projects is a leading financial technology provider creating modern banking experiences, proudly developed by Nigerians and in partnership with top Nigerian banks, Parkway Projects has launched various robust and secure e-payment and mobile money solutions like Bank3D, CashFlow, ReadyCash, and PayZone among others.

Other partners who collaborated with E-PPAN in delivering the workshop includes; Nigeria Inter-Bank Settlement Scheme Plc (NIBSS), Chief Complaint Officers of Bankers in Nigeria (CCOBIN), Dermadiur Systems Ltd and the Nigeria Electronic Fraud Forum (NeFF).