• Impact Of Pos Banking On Churches

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    • A STUDY BASED ON THE IMPACT OF POS BANKING ON CHURCHES
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    • CHAPTER ONE - [ Total Page(s): 3 ]STATEMENT OF PROBLEMReliance on cash based system of donation and offering in churches has however been found to be risky and cumbersome because money outside the banks cannot be subjected to regulatory and operational procedures, and the ability of monetary policy to achieve set objectives in the presence of sizeable currency out of Bank (COB) is therefore limited. Hence, many churches make use of POS for offering and donation collection from members to prevent the risks involved in ... Continue reading---