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AEPS TRANSACTIONS
RBI tightens due diligence for Aadhaar payment operatorsThe Reserve Bank of India (RBI) has mandated stricter due diligence for onboarding Aadhaar Enabled Payment System Touchpoint Operators (ATO...- RBI proposes new ways to authenticate e-paymentsThe regulator, in draft guidelines, said that all digital payment transactions, other than card present transactions, will have to ensure t...
- Aadhaar frauds: RBI ready with masterplan to curb Aadhaar-enabled payment system (AePS) scamsAePS has emerged as one of the most popular payment systems, especially in rural areas in the last few years. At present, 35 commercial ban...
- RBI to further strengthen security features of AePS to curb fraudsThe Reserve Bank of India announces plans to bolster security measures for the Aadhaar-enabled payment system (AePS) to combat fraud risks....
- RBI to streamline Aadhar-enabled payment system, introduce additional risk management measuresRight now, there is no two factor authentication for Aadhar enabled payments, which is risky and the cause for many frauds. The customer ca...
- NPCI stepping in to stop AePS frauds, suggests ways to banksThe retail payment body which runs AePS wants banks to explicitly seek customer consent regarding this service at the time of account openi...
- Aadhaar fraud alert: How banks use new methods to protect your money from scammersAadhaar enabled payment systems (AePS) transaction fraud can be done if the fraudster has got access to the bank customer's fingerprint/IRI...
- AePS users in a fix as banks set up guardrails to reduce fraudLast-mile consumers who use AePS to withdraw DBT funds are finding their transactions failing over the last few months, as banks introduce ...
- India Post Payments Bank revises service charges for these Aadhaar Enabled Payment System transactionsThe service charges for the Aadhaar Enabled Payment System have been changed by India Post Payments Bank (IPPB). The increased AePS Issuer ...
- Aadhaar-linked payments get new security featureCalled the “liveliness” of fingerprints, the feature is intended to prevent the use of fake fingerprints to fraudulently withdraw money thr...
- India Post Payments Bank introduces issuer charges for Aadhaar Enabled Payments” India Post Payments Bank AePS charges The first three AEPS transactions, such as AEPS cash withdrawal, AEPS cash deposit, and AEPS mini s...
- NPCI unveils norms for banks to compensate AePS fraud victimsDuring the course of the Covid-19 pandemic, several cases of fraud were reported in Jharkhand and Tamil Nadu in the direct benefit transfer...
- Aadhar payment systems gathers steam, trumps ATM withdrawalsWith less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable ...
- India Post Payments Bank attains 3.6 crore customers amid the pandemicThe bank attained a total customer base 3.6 crore and completed over Rs 38,500 crore financial transactions cumulatively until September 15...
- Paytm Payments Bank enables Aadhaar card-based servicesSoon features like cash deposit, interbank fund transfer etc. will also be made live, the company said, adding that this will benefit peopl...
- Over Rs 1,000 crore home delivered by postmenFifty days of lockdown have marked a new milestone in the history of Indian banking: Rs 1,000 crore in cash has been delivered by postmen t...
- Airtel Payments Bank rolls out Aadhaar enabled payment systemThe AePS is a bank-led model which allows online interoperable financial transactions at a point of sale (PoS) through business corresponde...
- Aadhaar enabled payment system growth slows in FY20AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transa...
- Aadhaar-enabled transactions cross 200-million milestone on NPCI platform during JulyA total of 6.65 crore Indian citizens availed banking services through AePS platform in July, NPCI said.
- Aadhaar Pay regains tempo, usage hits 200 millionThe Nandan Nilekani committee said despite the growth of financial inclusion over the years, banks have not expanded their systems, causing...
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