THE ROLE OF SOFTWARE IN A CASHLESS ECONOMY (CASE STUDY NIGERIA)

Authors

  • Sese Tuperekiye Ebimobowei Department of Computer Science, Bayelsa State College of Arts and Science P.M.B 168 Elebele Yenagoa
  • Zoukemefa Enebraye Peter Department of Computer Science, Isaac Jasper Boro College of Education Sagbama, Bayelsa State
  • Yerikema Pual (Jnr) Department of Computer Science, Bayelsa State College of Arts and Science P.M.B 168 Elebele Yenagoa

DOI:

https://doi.org/10.29121/granthaalayah.v6.i1.2018.1607

Keywords:

Cashless, Automated Teller Machine (ATM), Point-of-Sale (POS), Central Bank of Nigeria (CBN), Online Payment System (OPS), Network, Mobile Smart Phones

Abstract [English]

In the world today most country’s economy is gradually going cashless and Nigeria is no exception. In other for this to be achieved the use of computers and computerized networks and its software comes greatly into play.  In an attempt to make the country’s economy cashless driven, we will discover that software plays a prominent role and can only be unveiled when we take a close study of how some of these payment mechanisms functions. Such mechanisms include POS TERMINALS, smart mobile phones and computers (laptop/desk top). There are basically two categories of software are installed on each of these devices; they include an operating system and application software. Also this paper went the extra mile of explaining what cashless economy is, the aim of establishing the policy in Nigeria and the benefits.

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References

Apacs (2006) ‘The Way We Pay 2006’, UK Cash & Cash Machines Highlights.

ATM: ad/i-design.

The IFX Standard (2006) ‘GlobalAdoption is Only a Matter of Time’,CELENT LLC, May TCG: TCG Specification Architecture Overview, Revision 2.1, 28 April 2004.

Vesna Hassler: Security Fundamentals for E-commerce, Artech House, 2001

Web References

http://www.cenbank.org/

http://www.cenbank.org/cashless/POS_GUIDELINES_August2011_FINAL_FINAL%20(2).pdf

http://www.cenbank.org/cashless/Cashless%20Lagos%20Presentation_November.pdf

http://docs.oracle.com/cd/B31446_01/Point-of-Sale/pdf/72/pos-720-devg.pdf

http://www.ehow.com/about_5686098_different-types-pos-system_.html

http://en.wikipedia.org/w/index.php?title=Salon_software&action=edit&redlink=1

http://www.dgca.gov.al/ESARR-6.pdf

http://en.wikipedia.org/wiki/Automated_teller_machine

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Published

2018-01-31

How to Cite

Ebimobowei, S. T., Enebraye Peter, Z., & Pual, Y. (2018). THE ROLE OF SOFTWARE IN A CASHLESS ECONOMY (CASE STUDY NIGERIA). International Journal of Research -GRANTHAALAYAH, 6(1), 177–186. https://doi.org/10.29121/granthaalayah.v6.i1.2018.1607

Issue

Vol. 6 No. 1 (2018): Volume 6 Issue 1 - January, 2018

Section

Articles

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