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CONTACTLESS AUTHENTICATION
RBI’s new rules for two-factor authentication of digital payments; Check alternative methods proposedThe Reserve Bank of India has made securing digital payments a top priority, emphasizing the need for Additional Factor of Authentication (...01 Aug, 2024, 11.13 AM IST- Government asks banks to issue mobility-enabled cardsA senior official confirmed the development and said lenders are expected to have all their cards equipped with NCMC features, including an...19 Jul, 2023, 01.05 AM IST
- DoT notifies easier processes for consumers; now get mobile SIM at doorsteps by using Aadhaar, Digilocker docsDepartment of Telecommunications (DoT) issued an order that enables customers to apply for a new mobile connection online and get the SIM d...21 Sep, 2021, 09.23 PM IST
- Transport Ministry allows online Aadhar verification for permits & licensesThese services can be availed on the Vahan platform of the ministry of road transport and highways, and an individual need not go to the re...04 Mar, 2021, 05.31 PM IST
- Aadhar authentication needed for availing online renewal of licence, 15 other servicesThese include obtaining learner's licence, renewal of DL, changes of address and certificate of registration, issue of international drivin...10 Feb, 2021, 10.27 AM IST
- Know how contactless payments are driving 'contactless connections' in the new normalSBI Card’s latest Campaign ‘Contactless Connections’ urges us to continue spreading #ContactlessKhushiyan to our dear ones.09 Oct, 2020, 06.04 PM IST
- Facial recognition, iris scans may be used for welfare scheme payoutsThe current mode of biometric authentication used for vetting credentials in the AePS system — fingerprint scanning — is not in line with d...26 Aug, 2020, 11.01 AM IST
- Banks, payment operators want to render “contactless” digital servicesIncreased apprehension among consumers during the pandemic towards physical modes of payments is giving rise to a new category of digital p...19 Aug, 2020, 04.58 PM IST
- No clarity on contactless customer acquisition for telcos from govtThe Department of Telecommunications (DoT) and the home ministry have not yet cleared telcos’ plans to digitally authenticate a customer’s ...15 May, 2020, 11.15 AM IST
- All payments via cards can now be contact-freeThe Reserve Bank of India has given the green signal to the country’s payment networks — Visa, Mastercard and NPCI — to allow tap-and-go fu...01 May, 2020, 07.47 AM IST
- Paying for stuff with your heartbeat is now a thingApple Pay's fingerprint authentication is already miles better than the laughable magnetic strip on our credit cards.13 Aug, 2015, 03.03 PM IST
- RBI says second-factor authentication not needed for small transactionsThe Reserve Bank of India on Thursday said that banks can allow contactless card transactions upto Rs 2,000 without PIN authentication.15 May, 2015, 10.09 AM IST
- RBI allows transactions upto Rs 2000 without second factor authenticationIn a move that will promote ‘tap and pay’ electronic payments, the RBI said that bank can allow customers to transact with contactless card...14 May, 2015, 07.06 PM IST
- Five things to know about contactless credit cardsIt has a chip and a radio frequency antenna embedded. When it is tapped against a terminal enabled for contactless payments, the card trans...13 Apr, 2015, 08.35 AM IST
- Low-value credit card deals may not need 2-step verificationThe facility will likely be restricted to contact-less cards, or cards that don’t need to be swiped while making the transactions.14 Mar, 2015, 04.00 AM IST
- RBI ready to relax 2-factor authentication norms conditionallyRBI has set a limit of Rs 2,000 per transaction for contact-less cards, having examined the trade-off between security and convenience.14 Mar, 2015, 01.29 AM IST
- Coming soon: ‘Contactless’ cards to ease paymentsThese cards can complete a payment transaction in one-tenth of the time traditionally taken to conduct electronic transactions.20 Nov, 2014, 11.32 AM IST
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