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OTP Frauds: While contours of the solution is still being worked upon with telcos, SIM location of a customer can be verified real time and matched with the geolocation of delivery of an OTP. Banks also have their own data on customers’ residences. So, capabilities will need to be built to triangulate the data in real time, one of the executives said.
India Business News: India's home ministry, SBI Cards and Payment Services Ltd (SBI Card) along with telecom operators have joined forces to develop a solution to combat c
Such recognition will drive us to achieve greater excellence: Baldev Prakash SRINAGAR, Feb 10: Achieving another feat in digital payment domain, J&K Bank bagged an award for its outstanding performance in promoting digital payments during FY 2021-22. The Bank has achieved 2nd highest percentage of digital payment transactions in Small and Micro Category of private sector banks. MD & CEO J&K Bank, Baldev Prakash received the felicitations from Union Minister of Electronics & Information Technology, Railways, and Communications, Ashwini Vaishnaw […]
Excelsior Correspondent SRINAGAR, Feb 10: Achieving another feat in digital payment domain, J&K Bank bagged an award for its outstanding performance in promoting digital payments during FY 2021-22. The Bank has achieved 2nd highest percentage of digital payment transactions in Small and Micro Category of private sector banks. MD & CEO J&K Bank, Baldev Prakash received the felicitations from Union Minister of Electronics & Information Technology, Railways, and Communications, Ashwini Vaishnaw at “Digital Payments Utsav” celebrated by Ministry of Electronics […]