RuPay Progresses Ahead & Forays Into Handling e-Commerce Transactions

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India’s answer to global payment processing companies has arrived on the e-Commerce scene. RuPay is now equipped to handle payment transactions on virtual storefronts. RuPay is an indigenous card payment network was launched last year & is supported by State Bank of India (SBI), Bank of India (BoI), Union Bank of India (UBI), Bank of Baroda (BoB) and Axis Bank Ltd. In fact, these 5 banks quietly...
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EMV Technology To Make Electronic Payments Cheaper; FIME Urges Indian Companies To Adopt It

ELECTRONIC-PAYMENTS
EMV Technology is heralded to be the next stage of global simplification in backend processing of payments made electronically. But the time to act is now, stresses, FIME, a Bangalore based consulting and testing services company for payment solutions. Globally, the two electronic payment majors MasterCard & VISA are collaborating to introduce & ensure growth of their electronic payment solutions....
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Aadhar May Offer Mobile User’s Statistics: Will It Be A Success?

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The Aadhar API is being mooted to allow Telecom operators & Banks to verify their customers. A truly massive initiative by Human Resource Development Ministry, The Unique Identification Authority of India (UIDAI) is planning to allow telecom service providers to avail the data from Aadhar cards to verify the identity of their mobile service customers.With over 10 Lakh enrollments per day, the...
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