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ELECTRONIC PAYMENT OF INCOMES OF PERSONNEL TO NIGERIAN CIVIL SERVANTS PROBLEMS AND PROSPECTS
Capital t. A. NGEREBO-A, Ph. G
DEPARTMENT OF BANKING AND FINANCE,
WATERWAYS STATE UNIVERSITY OR COLLEGE OF SCIENCE AND TECHNOLOGY,
E-MAIL: [email protected] com
SUNDAY C. NWITE
SECTION OF BANKING AND FINANCIAL
EBONYI EXPRESS UNIVERSITY вЂ“ ABAKALIKI
Email: [email protected] com
Electronic digital payment of salaries to staff can be described as new development in the country. Digital payment is known as a process of making payments on the net through the use of ATM, Debit cards, charge cards, electronic talon conversion. Electronic payment of salaries was introduced in order to monitor ghost workers among the civil maids, to prevent unnecessary expenses the workers experience such as collection of elements from them by way of a accountant just to pay their salaries and so forth It also offers them TEXT MESSAGE Alert on their phones once their consideration has been awarded. This work wants to evaluate electronic repayment of wages of personnel, the problems and prospects. It absolutely was concluded that with the use of electronic mode of payment, it has caused an improvement to the banking practices an this has reduced a whole lot of indiscipline and meaning vices that do occur among the Nigerian city servants. Advice was made the government ought to put in even more effort in providing infrastructures that will aid the application of electronic payment in spending salaries and in addition allow them to obtain their incomes on time. Keywords
Electronic repayment, Internet Bank, ATM, Charge card, Technology awareness, EFT.
TYPE OF PAPER-RESEARCH PAPER
Over the years, government authorities in Nigeria have raised alarms on the escalating incomes bills, actually in the face of embargos on employment. A cold of career does not mean that stagnated earnings bill, because the existing personnel must be advertised, and this will imply embrace salary bill.
Electronic repayment is an innovation launched in the banking world to be able to improve their transaction processing system and also to allow them receive their very own salaries prior to it was prior to.
Electronic repayment is a means of withdrawing of fund through electronical method such as the use of ATM, Debit card, pay out by phone system, digital cheque conversion so as to help to make withdrawal involving easier. This is actually presented so as to reduce the level of problem in the municipal service community such as fraud, bribes coming from staffs also to bring about expansion in the economy.
Digital mode of payment is usually been utilized to provide to safeguard them in the payment with their salaries since the pin number of their cards is well known only by them so they are even more secured and can withdraw right now there money any time even for weekends easily.
The problems they could encounter is definitely fraud from the fraudsters or perhaps due to their inability of finding out how to make use of the equipment thereby introducing problems pertaining to the civil servants. This research work will probably be geared towards these types of problems and prospects of E-Payment to Nigerian Civil Servants.
THE IDEA OF ELECTRONIC REPAYMENT AS IT HAS BEEN DEFINED
Digital payment is actually a process or method of becoming paid or receiving repayment through electronic means or electronic technology, through the use of credit cards or requirements which will allow you access your at any time.
Digital payments is also the process of becoming paid or perhaps make payment through online means including the use of Automated Teller Equipment, Debit Cards, shell out by Phone transactions and so on (Toshio, 1987)
Electronic payment is any method of non-cash payment that does not involve a paper check/cheque.
HISTORICAL ADVANCEMENT ELECTRONIC BANKING
Electronically вЂ“ base payment systems have been in operations since 1960s' and get rapidly and growing in complexness. However , for most of the significant financial transaction in various countries, an inverse relationship is available between the amount and number of transaction dealt with electronically....
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