The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering. "All banks, ATM networks and WLAOs may provide the option of ICCW at their ATMs," the central bank said in a circular. In April, the RBI had said …
The Reserve Bank of India on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs. "It is now proposed to make card-less cash withdrawal facility available across all banks and ATM networks using the UPI. The RBI said that the absence of a need for a card to initiate cash withdrawal transactions would help in containing …
NCR Corporation, the maker of automated teller machines said that it has launched the first interoperable cardless cash-withdrawal solution based on the Unified Payments Interface platform. The bank has already upgraded its 1,500 ATMs to allow QR code-based interoperable cardless cash withdrawal facility. "This a forward step from using UPI app on the mobile phone to any ATM but sans …
