Page 36 - Master Direction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The RBI circular on digital payments rules comes at a time when outages, frauds and data breaches have spiked in Indias burgeoning payments ecosystem.

Startup news and updates: daily roundup (Feb 19, 2021) YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here's the roundup for Friday, February 19, 2021. 0 claps WhatsApp will display a banner on the app providing users with more information on privacy policy and terms of use updats that have drawn massive criticism over concerns on data sharing with parent Facebook. The contentious policy, whose rollout date was pushed to May 15 from February 8, however, remains unchanged. The pandemic-induced lockdowns resulted in a 7...

RBI tightens digital payment security norms for lenders; issues new rules The 'Master Direction' lays down guidelines for internet banking, mobile payments, card payments, customer protection, and grievance redressal mechanism BusinessToday.In | February 19, 2021 | Updated 16:30 IST The new norms come at a time when India's thriving payments ecosystem has witnessed increased occurrences of frauds, outages, and cyber breaches The Reserve Bank of India (RBI) has toughened digital payment security norms to improve security, control, and compliance for banks and other regulated entities. The ne...

The Reserve Bank of India (RBI) has published detailed guidelines to strengthen India's digital payments architecture and improve security, control and compliance among banks, gateways, wallets and other non-banking entities. RBI noted that the Master Direction provides necessary guidelines to set up a robust governance structure and implement common minimum standards of security controls for digital payment products and services. The guidelines are technology and platform agnostic and shall create an enhanced and enabling environment for customers to use digital payment products in a more s...