Bank Verification Number commonly called BVN is a biometric identification system implemented by the central Bank of Nigeria to curb or reduce illegal banking transactions in Nigeria. The already existing Bank Verification Number (BVN) software doesn’t generate 10 digits BVN immediately it goes through a number of sources for allocation of BVN to a customer. Furthermore, because of the crime rate in banking sector it is very onerous to access the BVN application or update information on this platform so there is a long procedure in updating information on the platform. The objective of this study was to propose a faster and new approach of generating the BVN number through the web. In this study, a new method was adopted to replace the traditional method of generating the BVN number. A linear congruential algorithm was adapted to generate the BVN randomly. The results in this study provide a faster method of generating an online BVN numbers for Bank customers. The study demonstrated that how the users can register, verify and have the BVN numbers generated on the web. Consequently, the results tallies with the present situation in the banking sector thereby addressing the challenges in the sector. The results will serve as a form relieve to the financial institutions and bank customers in Nigeria.
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Categories: Volume 4 No 1