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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