LAGOS: Access Bank and former Intercontinental Bank recently cut 5.7 million customers off electronic transactions for 38 hours to allow integration of Information Technology systems due to the acquisition of Intercontinental Bank. Access Bank put out notices last week, stating that account holders of both establishments would be unable to conduct transactions on electronic platforms including Automated Teller Machines (ATMs), Point of Sale Terminals (PoS), electronic banking and debit cards, from 12pm last Friday, March 2, to 2pm on Sunday March 4. On Sunday afternoon, Access Bank sent out text messages to all of its customers stating that the integrations had been concluded and transaction on the listed platforms had resumed. The Managing Director, Access Bank Aigboje Aig-Imoukhuede in a statement said: “The conclusion of this transaction is a significant step forward for the Nigerian banking sector; it has preserved thousands of Nigerian jobs and protected the savings of millions of Nigerian citizens. He further pointed out, “It brings together the proven prudential management of Access Bank and the extensive geographical footprint of Intercontinental Bank, with one of the largest networks of branches and Automated Teller Machines.” He said the bank put in a lot of effort and the team worked hard to deliver this successful integration and the speed and efficiency with which it had been accomplished testifies to the quality of the management team. There are however, reports that Access Bank had clamped down some branches and retrenched some staff. BM ShortURL: http://goo.gl/fzE93 Tags: Access Bank, Integration, IT Section: Business, Latest News, Tech, West Africa
