This
refers to ‘Aadhaar Link Mandatory for Card Deals Now’ (ET, Nov 27). On
the basis of recommendations of a working group that had examined the
issues including those relating to security features in the card payment
system, RBI has advised banks that (a) in respect of cards, not
specifically mandated by the RBI to adopt EMV norms, banks may take a decision whether they should adopt Aadhaar as additional factor of authentication or move to EMV chip and PIN
technology for securing the present card payment infrastructure, and
(b) the card infrastructure has to be enabled for both EMV chip, PIN and
Aadhaar (biometric validation) acceptance. As banks have an option to
decide, the headline is misleading.
- M G WARRIER (ET)
- M G WARRIER (ET)
1 comment:
The following portion from my letter was edited out by ET:
Further, as AADHAAR is slipping from one confusion to the next one fast since the idea was conceived, latest one being the controversy about biometric security features of Aadhaar being examined by the Apex Court, will it not be prudent to wait till Aadhaar itself stabilizes, before going ahead with making it mandatory for various purposes?
M G WARRIER, Mumbai
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