....thanks to the Reserve Bank. Based on the report of a working group on ‘Securing Card Present Transactions' (i.e. transactions at POS/ATMs), the regulator has recommended that all card issuers (banks) must be ready to issue EMV chip cards by June 30, 2013. The apex bank has also said that the POS infrastructure must be equipped to support chip cards and PIN-based authentication by the same date. ..........
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