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AEPS FRAUDS
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...
- RBI strikes against UPI, digital payment fraud, plans to set up a digital payment intelligence platformFight against digital payment frauds: The RBI proposes a digital payments intelligence platform to combat a surge in digital payment frauds...
- 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...
- Centre suspends 70 lakh mobile numbers due to suspicious activity, according to DFS SecretaryA meeting chaired by the Financial Services Secretary also deliberated on how to ensure better coordination among various agencies to check...
- Here is govt's big plan to stop online frauds in IndiaThe government is taking steps to combat cyber fraud in the financial sector by blocking IMEI and imposing withdrawal limits on suspicious ...
- SBI, Bengaluru Police Commissioner, Kolkata police warn about this Aadhaar fraud; 2 ways to lock Aadhaar biometricsAadhaar biometrics: The fraud does not require SMS or OTP authentication, which is much more concerning. According to the reports, the Indi...
- Scammers targeting Aadhaar payment system to drain bank accounts: Here is how to lock Aadhaar onlineBeware! Scammers are exploiting vulnerabilities in the Aadhaar-enabled Payment System (AePS) to empty bank accounts without SMS or OTP auth...
- 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...
- This new Aadhaar-related banking fraud is on the rise; why you need to lock your Aadhaar biometrics nowAccording to the forum, banks are directly responsible for this fiasco, which has led to thousands of innocent depositors lose their hard e...
- 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...
- Fintechs bank on AI liveness tests to reduce AePS frauds“The software update is happening and should be completed very soon. Once it gets implemented across all biometric devices, it will be easi...
- Can scamsters hack your bank account if they have your Aadhaar number?An Aadhaar number is linked with a host of financial services and an individual may fear that scamsters may hack their bank account, etc an...
- 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...
- 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...
- NPCI, CSC eGov launch Aadhaar enabled payment systemThis system is based on demographic and biometric/iris information of an individual, which eliminates the threat of any fraud and non-genui...
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