Thursday, September 29, 2016

Aadhaar-based Authentication for Card Present Transactions



RBI has advised that banks are to ensure that all new card acceptance infrastructure deployed with effect from January 1, 2017 should be enabled for processing payment transactions using Aadhaar-based biometric authentication also.
Based on RBI notification dt 29/09/2016. For any further clarification, please refer www.rbi.org.in