Mastercard launches identity check express to secure online transactions

Mastercard launches identity check express to secure online transactions

Mastercard announced the launch of Identity Check Express with the latest technology, including device intelligence and involved biometrics. Which is also includes the latest EMV 3-D Secure and FIDO authentication standards to deliver an uninterrupted mobile payment experience.

 A next-generation, mobile-first authentication solution that aims to redefine the e-commerce journey for Indian consumers. Mastercard invests $1 billion between 2014 and 2019 and again on May 2019, Mastercard announced an investment of $1 billion over the next five years in India.

 

Read more Bank related news

SBI, Shanghai becomes first Indian bank to link up with CNAPS

The State Bank of India’s (SBI) Shanghai branch is now connected to China’s National Advance Payment System (CNAPS). SBI got the license to do business in local currency and also inducted to the CNAPS by the People’s Bank of China (PBOC). SBI Shanghai can also offer the real-time transfer of local funds within China by routing them through the People’s Bank of China (PBOC).  continue reading…

 

RBI fines Punjab National Bank Rs 50 lakh

RBI has imposed a penalty of Rs 50 lakh on Punjab National Bank (PNB). Because of from the fraud monitoring report-1 submitted by Punjab National Bank on July 10, 2018, in the account of Kingfisher Airlines Limited. The Managing Director & Chief Executive Officer of PNB is Sunil Mehta. “RBI observed from the fraud monitoring report-1 submitted by Punjab National Bank on July, 10 2018 that the bank had delayed the reporting of fraud in the account of Kingfisher Airlines Limited,” PNB said in a regulatory filing. continue reading…

RBI allows Bank of China to offer regular banking services in India

The Reserve Bank of India (RBI) allowed “Bank of China” to offer regular banking services in the country. Banks falling under this schedule have to adhere to the norms of the RBI. ‘Bank of China Limited’ has been included in the 2nd Schedule to the Reserve Bank of India Act, 1934. RBI allows Bank of China to offer regular banking services in India. In another notification, the RBI said ‘Jana Small Finance Bank Limited’ too has been included in the Second Schedule. continue reading…

 

Author: Chiranjit Mistry

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