NIBSS Universal Switch

Provides a reliable data channel for effective Interoperability, Interconnectivity and aggregation of all payment terminals; with technical and operational standardization for constant availability, uniform functionality and next-day settlement of POS transactions.

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NIBSS Universal Switch

This is an aggregation and interconnection of all POS device terminals deployed by Banks and other licensed card schemes in Nigeria.

Keeping payments moving

Payment Terminal Service Aggregator Small

Unique Value Proposition

Payment Terminal Service Aggregator (PTSA) provides reliable data channel, effective interoperability and ensures higher Point of Sale (POS) Terminal availability; PTSA also enables Value Added Services on POS (i.e. POS VAS).

Touch Points

POS devices
Cash in/Cash Out
Shared Agency Network

How it works

Payment Terminal Service Aggregator (PTSA) ensures the technical and operational standardization of all deployed POS devices through terminal certification. This assures the constant availability and uniform functionality of the terminals and devices in the Industry.

Features

Retail and Wholesale Merchants
Small and Medium Scale Enterprises
Financial and Non-Financial Institutions

Nigeria Inter-Bank Settlement System Plc (NIBSS) is the sole catalyst of interoperability and aggregation in the payments industry. Aggregation involves the interconnectivity of all payment terminals deployed in the Nigeria payment Ecosystem. Nigeria Inter-Bank Settlement System Plc (NIBSS) ensures that all terminals used in the e-payment industry and all devices deployed in Nigeria would accept all cards issued by banks and other licensed card schemes without discrimination.

Nigeria Inter-Bank Settlement System Plc (NIBSS) ensures technical and operational standardization of all devices deployed in the financial system. This assures a constant availability and uniform functionality of the terminals and devices. The emphasis is on the ubiquity of payment process in Nigeria. Nigeria Inter-Bank Settlement System Plc (NIBSS) provides a reliable data channel, effective interoperability and ensures higher availability of Point of Sale Terminal (PoS). Nigeria Inter-Bank Settlement System Plc (NIBSS) also enables Value Added Services on PoS (VAS on PoS) as well as provide services on terminal certification. Nigeria Inter-Bank Settlement System Plc (NIBSS) enables Next Day settlement of Merchants for POS transactions. Nigeria Inter-Bank Settlement System Plc (NIBSS) manages the Electronic Payment Management System (EPMS), a robust terminal management system that manages the activities of POS terminals and merchant. The following are the benefit of EPMS:

Service Portal Management of POS terminals made easier for the Acquirers and Service Providers and the ability to be able to independently manage registration and change processes
The new CTMS support connections from both current and new terminals that support POS Interface Specification ISO8583
It is expected to guarantee better POS experience as a result of re-certification
Supported Operations: All current transaction types are supported subject to full integration
Connecting port issues would be a thing of the past, thus, reducing routing errors
Group keys instead of same keys for all service providers for better security
Transaction message validation to ensure that POS payment applications conform to standards
Better security to enhance stakeholders’ confidence

We currently support all Nigeria banks and Payment Service Providers/Payment Terminal Application Developer (PTSP/PTAD)