Card transactions safety: PIN, biometrics are the way forward
The Reserve Bank of India has enhanced card transaction safety by making personal identification number (PIN) mandatory. Though this may encourage the use of plastic card for payments, fear still lingers.
The possibility of merchants overseeing the pin number while customers punch them makes people jittery.
Business Line spoke to First Data, one of the largest payment solution providers in India, to ascertain the safety aspect and card penetration.
The US-headquartered First Data is in a joint venture with ICICI Merchant Services, a subsidiary of ICICI Bank, to provide card issuing services to corporates, financial institutions and card acceptance services in India. See for more news in banking news page
No comments:
Post a Comment