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Articles for Authentication, search results for bank

RBI Imposes Penalties on Ola Financial Services, Manappuram Finance, Visa Worldwide for KYC Norm Violations And Unauthorized Payment Methods
4 months, 3 weeks ago

RBI Imposes Penalties on Ola Financial Services, Manappuram Finance, Visa Worldwide for KYC Norm Violations And Unauthorized Payment Methods

Live Law  

The Reserve Bank of India has imposed penalties on Ola Financial Services Pvt. Further, Ola Financial Services reported a shortfall in its escrow account balance and filed an application for compounding this violation. Similar to Ola Financial Services, Manappuram's failure to adhere to these crucial regulatory directions prompted the RBI to take action. The "Card Not Present transactions – Relaxation …

Financial Payment Ola Rbi Transactions Kyc Authentication
How To Lock or Unlock Aadhaar Biometrics Online?
6 months ago

How To Lock or Unlock Aadhaar Biometrics Online?

News 18  

Lock Aadhaar Biometric: Fraudsters use fake Aadhaar cards or stolen Aadhaar numbers to withdraw money from bank accounts via the Aadhaar-enabled Payment System. The Aadhaar biometric lock option is a security feature that allows Aadhaar holders to temporarily lock their biometrics from being used for authentication. Register Your Aadhaar Number Enter OTP Set 4 digit PIN Click on lock biometrics …

Biometrics Number Otp Your Aadhaar Uidai Locked Authentication
6 key steps RBI has taken to ensure safe banking practices. Details here
9 months ago

6 key steps RBI has taken to ensure safe banking practices. Details here

Live Mint  

Digital banking has brought a paradigm shift to the way we carry out financial transactions. Digital lending guidelines: Additionally, RBI has issued guidelines on digital lending which require regulated entities to provide a key fact statement to the borrower before the execution of the contract. The banking regulator also takes appropriate supervisory actions including imposition of business restrictions. Cyber-crime reporting …

Digital Rbi
Beyond OTP: RBI looking for other authentication methods
10 months, 1 week ago

Beyond OTP: RBI looking for other authentication methods

New Indian Express  

Also, the central bank’s strict measures for authentication make it easier for customers who are afraid of being defrauded during an internet use to conduct their businesses without fear. This has played an important role in financial inclusion by enabling customers to make digital payment transactions through service providers such as business correspondents. Mandatory due diligence for AePS service providers …

India Payment Rbi Transactions Cbdc
Airtel Payments Bank Introduces Seamless e-KYC Via Face Authentication
1 year, 3 months ago

Airtel Payments Bank Introduces Seamless e-KYC Via Face Authentication

News 18  

Airtel Payments Bank has unveiled plans to introduce Face Authentication-based savings account opening through the Airtel Thanks App. Expected to be operational by the close of 2023, this feature will enable users to digitally open a bank account with Airtel Payments Bank within minutes, utilizing facial biometrics for e-KYC. Anubrata Biswas, MD & CEO of Airtel Payments Bank, stated, “Face …

India Payments Bank Payments Bank Face Airtel Kyc
Expanding Aadhaar to private entities is risky
1 year, 7 months ago

Expanding Aadhaar to private entities is risky

Hindustan Times  

In a landmark 4-1 verdict in 2018, the Supreme Court upheld the constitutionality of the Aadhaar Act, 2016, but struck down section 57, which allowed the use of Aadhaar authentication and E-KYC by private companies to establish an identity for delivering services. Explaining its ruling, the top court said that the section struck at the heart of an individual’s privacy, …

Law Aadhaar Fundamental Rights Fundamental Good Governance Right State
Airtel Payments Bank and National Payments Corporation of India collaborate to add face authentication
1 year, 7 months ago

Airtel Payments Bank and National Payments Corporation of India collaborate to add face authentication

India TV News  

Taking a step ahead to drive digital and financial inclusion in India, Airtel Payments Bank has collaborated with the National Payments Corporation of India. The new service will enable the user to validate the transaction by taking on face authentication along with the Aadhaar number. The authentication has been processed by using the Face Authentication RD Application by the Unique …

Payments Bank Face Customers Authentication Npci Face Authentication
NPS Latest Update: How PFRDA's PAN-PRAN-VPA (UPI) Authentication Process Will Help You?
1 year, 11 months ago

NPS Latest Update: How PFRDA's PAN-PRAN-VPA (UPI) Authentication Process Will Help You?

News 18  

The Pension Fund Regulatory & Development Authority recently announced its new bank account and PAN authentication process for National Pension System subscribers. PFRDA said that it is an advanced mode of Bank Account Verification of the NPS Subscribers where the joint holder details, PAN and UPI Ids are verified through NPCI and matched with Permanent Retirement Account Number. PFRDA said …

India Bank Process Number System Nps Upi
Madras High Court Dismisses PIL Against Insistence On Aadhaar Authentication With Electricity Connection
2 years ago

Madras High Court Dismisses PIL Against Insistence On Aadhaar Authentication With Electricity Connection

Live Law  

The Madras High Court on Wednesday dismissed a Public Interest Litigation challenging a Government Order issued by the Energy Department permitting Tamil Nadu Generation and Distribution Corporation to insist on linkage of Aadhaar number with electricity consumption consumer billing number for availing certain services. The court noted as under, Thus, when the Aadhaar authentication is required from such persons who …

Court Aadhaar Number Madras High Court Tangedco
Aadhaar as a hurdle: The Hindu Editorial on biometric authentication failures and welfare delivery
3 years, 9 months ago

Aadhaar as a hurdle: The Hindu Editorial on biometric authentication failures and welfare delivery

The Hindu  

The Supreme Court, on Wednesday, did the right thing by terming as serious the allegation by a petitioner that three crore ration cards were cancelled for not being linked with the Aadhaar database and that these were connected to reported starvation deaths in some States. Following the Court’s judgment in 2018, upholding the Aadhaar programme as a reasonable restriction on …

Aadhaar Failures Biometric Authentication
Aadhar may get face authentication feature next, testing going on
4 years, 2 months ago

Aadhar may get face authentication feature next, testing going on

India Today  

The Unique Identification Authority of India is reportedly looking at facial recognition's functionality for financial services that require Aadhar. As per the report, live detection allows a facial recognition system to ascertain that the face being shown to the camera is a real face and not another image on a separate screen. Aadhar enabled Payment System uses a Point of …

Bank Recognition Facial Recognition Facial Uidai