NPCI stepping in to stop AePS frauds, suggests ways to banks

The National Payments Corporation of India (NPCI) wants companies offering Aadhaar-enabled Payment System (AePS) to bring in additional security measures to check rising incidents of fraud attacks on the network. In a notification issued to all banks and payment companies offering this service on October 26, NPCI wrote that just like mandatory security features on debit cards, banks need to introduce mandatory security norms for AePS transactions.

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https://economictimes.indiatimes.com/tech/technology/npci-stepping-in-to-stop-aeps-frauds-suggests-ways-to-banks/articleshow/104804844.cms

NPCI stepping in to stop AePS frauds, suggests ways to banks

The retail payment body which runs AePS wants banks to explicitly seek customer consent regarding this service at the time of account opening.

Economic Times