#NPCI server issue

[megayogiposts]

Steps to Appeal RTI Decisions: A Guide

Registration NumberDIRSW/A/2025/60018NameYogi M P SinghDate of Filing01/02/2025StatusRTI APPEAL RECEVED as on 01/02/2025  FAA Details  FAA NAMEMr. Arun Kumar PandeyDesignationAPPELLATE AUTHORITYPhone No.8081989398Email Iddirector.sw@dirsamajkalyan.in  Nodal Officer Details  NameReetaEmail-IDdirector.sw@dirsamajkalyan.in Online RTI Appeal Form Details Public Authority Details :- * Public…

[preetisinghuniverse]

NPCI Server Issues Affecting Scholarship Applications

Grievance Status for registration number : GOVUP/E/2024/0083896Grievance Concerns ToName Of ComplainantMahesh Pratap Singh alias Yogi M. P. SinghDate of Receipt21/11/2024Received By Ministry/DepartmentUttar PradeshGrievance DescriptionMost respected sir the website inviting application for a scholarship and fee reimbursement is dysfunctional for 15 days when the applicant visits the website…

[karza-technologies]

Bank Account Number Verification for Seamless Onboarding and Fraud Mitigation

Approximately 7400 fraud bank cases were reported by the Reserve Bank of India in the financial year 2021, totalling 1.4 trillion rupees. Bank Account Number Verification reduces fraud by identifying legitimate accounts and uncovering illicit accounts that do not belong to the user, have been frozen for illegal activity, or have been dormant for a prolonged period of time.

As a result of global social-distancing rules and lockdowns, face-to-face interaction and subsequent authentication and validation are uncertain in this unprecedented COVID period. Through Bank Account Number Verification API, with the customer's consent, a penny is deposited into an employee's account, and the account holder's name is received based on their bank records before payment or salary is made, without requiring any manual intervention.

This is just a glimpse of the importance of Bank Account Number Verification. In these times of crisis, let's understand this powerful tool for onboarding and fraud mitigation.

What is Bank Account Number Verification?

Bank Account Number Verification is a critical part of the due diligence process. Checking bank accounts ensures that they are legitimate sources of funding.

Bank Account Number Verification is the primary process for confirming a bank account's validity and authenticity. Financial products requiring client verification, such as loans, or engaging with organizations or simply opening an account, such as with cryptocurrency exchanges and buy now pay later platforms, require account verification.

Managing financial institutions and banks involves constant inflows and outflows of funds. The bank account serves as a platform for transferring and storing funds, so it is essential that the account is identified and validated.

Features of the Bank Account Verification Solution

Bank Account Number Verification API by Karza covers all banks operating under the Payment network services provided by NPCI. Multiple banking partners have been tapped to address any unforeseen server downtime issues subject to NPCI's source availability.

The average latency period is less than 2 seconds from the time the Bank Account Number Verification API has been called to the time the account holder's name is returned as output, it takes only 2 seconds!

A cap is placed on the number of transactions that can be handled by the Bank Account Number Verification API. A beneficiary account may make up to eight successful API transactions and two unsuccessful API transactions in a 24-hour period. This feature has been incorporated into the API to prevent misuse by miscreants who credit their accounts inordinately many times.

A user's account can be blocked or closed at their discretion or by a government agency due to suspected fraudulent activity. In this case, Re 1 will not be credited to the account, even if it is an NRE or NRO account, and the response will clearly indicate the nature of the account.

Karza Bank Account Verification Advanced

The "Bank Account Verification Advanced" requires IFSC code, Account Number and Account holder's name to be filled in with commensurate values.

Similarly, Re 1 would be credited to the customer's account, and the account number, IFSC code, and account holder name would be validated and authenticated based on the extensive response received from the NPCI.

Matching scores are calculated based on the match between the entered name and the response. Name match scores, which are expressed in percentages, are used to validate and authenticate account holders' names. In order to qualify as valid, the name match score must meet a minimum threshold. If it does not meet that threshold, the account will be considered invalid, which will prompt the authorities to investigate further for any signs of fraud.

Moreover, the extra layer of authentication ensures that the account does not become invalid as a result of unintentional changes to the user's name. Even if the account holder's name is Yash Shah, but it was created under the name of Yash S, the account will still be declared valid and belonging to the same individual, despite the name match score in such circumstances not being 100%, but still very close, providing sufficient credibility.

Use cases for Bank Account Verification

Following are the use cases for Bank Account Verification.

Customer Acquisition

During loan acquisition, the bank account needs to be validated for loan disbursement. Before the lending bank can proceed with disbursement, the bank account must be validated.

Before the lending bank can set up the automated clearing house payment (ACH) system, which facilitates the electronic transfer of funds from the bank to the borrower's account, they must validate the borrower's bank account. If it's a valid account, it can initiate the ACH payment or any other necessary payment. If it's not a valid account, the journey will end there.

NPCI allows you to set up NACH payments for recurring bills, such as mobile bills, electricity bills, and subscription fees, which would automatically debit the customer's account and credit the company's account without any hassles or manual intervention. Before setting up and implementing NACH payments, penny drop verification is used to verify the customer's account.

Merchant Onboarding

Multiple NBFCs and payment systems offer POS-point of sale as part of their merchant onboarding services. Point of sale systems are where the customer pays for goods and services, is directed to the checkout page, and is expected to pay using a specific payment method offered by the payment company.

Payment companies will be required to validate the bank account of the customer in such cases in order to settle pending payments. This is where Bank Account Number Verification API comes into play. As a result, Bank Account Number Verification is mainly used for onboarding merchants, distributors, or mere customers.

Applicant’s details

A company can also verify an applicant's details that have been provided on some sort of form that includes the bank account name and account number. Using the Bank Account Verification API, it can retrieve the account holder's name and match those two details.

Fraud Mitigation

Fraud can be mitigated by verifying bank accounts accurately. For example, fraud caused by customers accepting funds from illicit accounts might be handled by you. A bank account verification can stop such acts at the source if NPCI or any applicable governmental body detects suspicious accounts or if an account has been frozen for illegitimate use of funds.

Employee Account Verification

Prior to disbursement of salary and other incentives, employees' bank accounts must be validated and authenticated. This verification aims to ensure that the salary is paid to the right employee.

Following the acquisition of the employee's bank information, the IFSC code and account number can be entered into the system, and the employee's name can be matched against the employee's name in the bank's records. Verifying the employee's bank account is an integral part of the onboarding process since it confirms and validates the information provided by the employee.

The Bank Account Number Verification is an essential part of any due diligence as the bank serves as the repository for funds flowing in and out that constitute the very basis for any transaction. As a result of Karza Technologies, Bank Account Number Verification which traditionally took weeks can be accomplished in mere seconds with its penny drop verification.

To know more about Karza’s Bank Account Number Verification APIs write to us at connect@karza.in or call us at +91 9819802177

[ultimateketomealplan]

Google Pay, Paytm, UPI Payments Face Glitch, NPCI Says 'Momentary Issue'; Know Details

Google Pay, Paytm, UPI Payments Face Glitch, NPCI Says ‘Momentary Issue’; Know Details

The National Payments Corporation of India, or NCPI, on early Monday issued a statement saying that Unified Payments Interface, or UPI were working as usual. The night before, several users took to social media to notify about UPI server being down for over an hour. The temporary outage had caused disruptions in payments across India as UPI has become one of the most preferred ways to do…

[cryptofeedzposts]

India’s Payments Platform Varja Gets the Blockchain Ball Rolling

While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent. 

After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide a highly secure, tamper-proof database for various payment procedures. 

The NPCI is an umbrella organization for retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India and Indian Banks’ Association under the provisions of the Payment and Settlement Systems Act 2007, aimed at creating a robust payments infrastructure in India. 

Related: Cryptocurrency Regulation: An Indian Perspective

The NPCI aims to become “the best payment network globally.” Currently, 56 banks are shareholders of the NPCI, which is supported by 10 banks: State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC.

The Vajra platform 

Vajra is a permissioned blockchain-based platform. Only a registered party under the network administrator can be part of the blockchain network. There will be three types of nodes on the platform.

Clearing House node: Possesses admin rights for this platform and is maintained by NPCI. It will provide a root-authority-signed TLS certificate from the network’s permissions service to Participant nodes.

Notary node: Validates a transaction only if the Aadhar biometric is used for authentication. It will receive transactions only from the Clearing House node.

Participant node: Represented by the banks. These nodes can post, receive and view transactions.

The Clearing House node holds the right to add a new node on the platform. Each external party interacting with the platform participants will be authenticated by the node. The Vajra platform takes care of security in data access and API interactions with key management and defined security procedures.

Related: India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies

How it works

Bank nodes receive requests from APIs and process them through Vajra. The system has self-executing contracts containing business rules in the form of smart contracts. After successfully processing the request, the on-chain data will be added to the ledger. The NPCI explains it in five simple steps:

First, when a user initiates a transaction on the Varja app, MicroATM, through online banking, at a point of sale or through e-commerce, the request for payment, collection or deposit comes to the server of the issuing bank, payer or payee. Then, using DLT, APIs or adapters, the bank or nodes receive the transactions and record the same on the blockchain platform.

Smart contracts running on the Varja blockchain validate and trigger transactions based on predefined business rules. The fourth step involves recording transactions (debit and credit) on the blockchain upon successful clearing. As per viewing rights, the Clearing House and Participant nodes see the transaction information recorded on DLT. Finally, every 15 minutes, the NPCI creates clearing files and fees from the DLT and posts it to the Reserve Bank of India for settlement processing.

Benefits of Vajra

The Vajra platform seeks to ensure zero or minimal processing time for reconciliation and faster dispute resolution while implementing cryptography to increase the security of payment transactions.

Manually processing payments bears a considerable risk of error while also taking a long time to process. Major key benefits of the Vajra platform are transparency, time sensitivity, fast processing, data security and robust dispute mechanism. 

Sumit Gupta, co-founder and CEO of Indian crypto platform CoinDCX, told Cointelegraph that this is a good move by the NPCI, as India could become an example to the rest of the world by embracing the online payments ecosystem, adding that:

“Starting this journey on a permissioned blockchain makes eminent sense to test the network operations of different types of nodes and the transactional activities conducted by the customers. At the time when China, Uruguay, Turkey, Thailand, Sweden, France etc. are have already started working on their pilot projects to bring their own Center Backed Digital Currencies (CBDCs), NPCI coming up with an entire payments platform which is secure, tamper-evident, and versatile is exemplary.”

When it comes to payment-related disputes, possible issues may include technical errors, declining to process a transaction on a technical basis, or even declining to conduct business. Vajra deals with all these issues in real-time data and solves the intermediary issue. Currently, the clearing and settlement process involves multiple unrelated parties transacting with each other, which requires some level of intermediation from a centralized regulator.

Data on a blockchain gets stored in a block over the public ledger, which means that every participant has a copy of the entire chain. So, what are the changes to be made from the banks for proof-of-concept? Regarding this, the NPCI said: 

“No changes are required from the Bank infrastructure. The banks have to whitelist the Vajra adaptor IPs and ports. Banks have to generate the transaction for the corresponding banks which are part of the POC.”

The NPCI’s development of a permissioned blockchain platform is considered a positive step by the Indian fintech industry. Nischal Shetty, founder of WazirX — an Indian cryptocurrency exchange acquired by Binance a few months ago — told Cointelegraph that the NPCI conducts deals with a closed set of companies and does not require participation from the general public, so a permissioned blockchain is an ideal solution. As for a public blockchain, Shetty believes that there is a need for cryptocurrency, saying: 

“Someday, Indian banks could have an INR Stablecoin that can be used by anyone across the world. This would drastically increase the use of rupees online thus leading to a stronger rupee.”

[hnewsblog-blog]

बैंक में गैस सब्सिडी नही मिल रही जाने कैसे मिलेगी,NPCI linking problem

बैंक में गैस सब्सिडी नही मिल रही जाने कैसे मिलेगी,NPCI linking problem

Gas Subsidy not receiving into bank

How can you avail this

How to get gas subsidy not found in bank

what will be said, will have to do

why not get subsidy in bank account

Npci linking problem

अगर आपको भी बैंक में subsidy नही आ रही है । तो यह जानकारी आप के लिए फायदेमंद हो सकती है । अगर आप लोग बैंक के चक्कर लगाते हुए परेशान हो चुके है,फिर भी npci के तहत addhar लिंक नही हो पा रहा है ।

तो आप इस खबर को…

[sisainfosec-blog]

PCI Standards for India’s Emerging Digital Payment Modes

The “Digital India” initiative launched in 2015 and “Demonetization campaign” in November 2016 by the Government of India has provided the major boost to the country’s digital ecosystem. Along with initiatives such as “DigiShala”, the government has aimed at building an ecosystem for entailing ‘cashless economy’ in the country. Other initiatives such as the National Optical Fibre Network (NFON) and Introduction of Unified Payments Interface (UPI), Bharat Interface for Money (BHIM – internet based mobile application) can help support in faster adoption and transition to digital payments. In fact, India’s digital payment industry, currently worth around USD 200 Billion, is expected to grow five-fold to reach USD 1 Trillion by 2023, as per a report by Swiss financial services holding company, Credit Suisse. The global digital payment market is expected to reach USD 21 Trillion by 2020. With the increase in the digital payments ratio, cybersecurity is one of the most critical challenges faced by stakeholders of the digital payment ecosystem. This has ultimately opened up more opportunities for cyber pickpockets to try and steal card details, PINs, mobile wallets and siphon off money. Cybersecurity is one of the most critical challenges faced by stakeholders of the digital payment ecosystem. With more and more users preferring digital payments, the chances of being exposed to cybersecurity risks such as online fraud, information theft, and malware attacks are also increasing.

Emerging Mode of Digital Payments in India

One of the biggest changes that the payments industry has seen recently is in terms of the various modes of payments. Hand held devices have outgrown all other channels due to ease of making transactions and the accessibility that they provide in terms of convenience. The government and the banks have undertaken multiple initiatives to promote the usage of digital payments in urban locations and to accelerate penetration into the hinterlands of the country and develop trust the among first-time users. The push from the government also spurred interest from fintech companies who had the technology but were missing the momentum. With the collective efforts of the RBI, NPCI and the government, a robust backbone for digital payments in India has been created by systems such as Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, Bharat Bill Payment System (BBPS), etc. The following are the major digital payment modes that are in trend for today in India:

1. Card Payments – The major payment brands like Mastercard, VISA, AMEX, JCB, Discover, etc. 2. UPI (United Payment Interface) applications like BHIM. 3. Wallet applications like Paytm, Freecharge, Phonepe. 4. AEPS (Aadhar Enabled Payment System). 5. Mobile Banking.

Cybersecurity for Digital Payments

To ensure that sensitive data is not compromised in any way while people use different digital payment modes, robust security across devices is absolutely necessary.

With context to the card data, we have PCI DSS (Payment Card Industry Data Security Standards) which are a set of stringent guidelines to ensure a secure environment for storing, processing or transmitting card holder data.

Wallet applications adhere to PPI (Prepaid Payment- Instruments) guidelines provided by RBI (Reserve bank of India) in the article RBI/DPSS/2017-18/58, Master Direction DPSS.CO.PD.No.1164/02.14.006/2017-18.

UPI enabled payment services follow the guidelines formulated by NPCI in the circular NPCI /UPI/OC No. 15B/2017-18.

Below is a screenshot of the Payment page showcasing the different payment options:

If we take a close view to the above screenshot, we will realize that there are different sets of guidelines being followed for the different payment modes. Although the ultimate motive to ensure payment data remains secure is the same. In this scenario, single organization is undergoing multiple audits for the same set of servers and set-up. This result in Audit fatigue that makes organizations lose focus on security and just check the box. Although RBI, as the regulator has taken great initiatives in securing digital payments and issued the set of guidelines on some payment modes like UPI and PPI, the challenge underlying lies if they are a set of guidelines that can be used as auditable controls For an instance, as per RBI guidelines “Testing of vulnerabilities” is required at “reasonable” amount of time. Here the word “reasonable” is generic and is differently interpreted by different set of people. On the other hand, we have same requirement for performing vulnerability assessment explained in PCI DSS as:

• One has to perform Internal and External vulnerability scan on all critical systems on quarterly basis • Internal and External vulnerability scans are to be conducted if there are any major changes in the network. • Scans are to be repeated until all the vulnerabilities are mitigated.

Tailoring of PCI DSS standards to other Payment Forms

The PCI DSS standard contains 12 detailed requirements across six security areas. But among all the requirements, only requirement 3 and 4 talks about card data, rest of the standard focuses on protection of the payment environment where card data is dealt with. It ranges from secure firewall configuration to, log monitoring and anti–virus to hardening of systems. Requirements 3 and 4 are designed to secure Identification and authentication data for card payments during storage and transmission, while the same set of controls can be used to secure the Identification and authentication data for other modes of digital payments.

The organizations that are already PCI compliant can extend the scope of assessment to all other payment modes and not limit the PCI assessment scope to only card payments. This idea justifies being a solution for organizations that are suffering from audit fatigue. In terms of business, its more economic as it saves time, money, resources and valuable efforts put in multiple audits for a single organization. From a technical aspect, it ensures better payment data security because you have got one set of prescriptive controls that leads to standardization. SISA that has pioneered in payment security over the last decade has been actively engaging with the community to recognize the requirement and demand for adoption of a single framework of PCI DSS standards across all digital payment channels. The need of a uniform security standard has been experienced from a series of its numerous client encounters that SISA has come across. And with this SISA anticipates lesser ambiguity and better security with all the emerging digital payment forms in India.

Resources followed for the article: https://economictimes.indiatimes.com/tech/internet/as-india-braces-for-digital-payments-future-how-secure-are-banks-from-cyberattacks/articleshow/56073576.cms

https://www.dsci.in/content/securing-india%E2%80%99s-digital-payment-frontiers

About the Author: Dharshan Shanthamurthy is the Founder & CEO of SISA (www.sisainfosec.com), a global cyber security company that specializes in payment data security. Dharshan was the first PCI QSA recognized by the PCI Council in India. He is a leading payment forensic investigator for PCI Council and has led many payment forensic investigations of strategic importance. Dharshan was assisted by Ms. Ankita Patel from SISA for authoring this document.

Source: https://www.sisainfosec.com/blogs/pci-standards-for-india-emerging-digital-payment-modes/

[lawlines-blog]

Let's Understand the Role of Lawyers in Miscellaneous Crimes

There are many criminal cases that reflect the state of the society in the world of Information Technology. The demand of lawyers is rising in the society on the backdrop of rapid increase in crimes.. Cases related to cyber threat are also showing its' impact. The lawyer ensures that many cases are being handled with leaving no issues behind. There are a number of best lawyers in Delhi which provide services to the clients has been instrumental in resolve many cases.

The demand for best lawyer for bail in Delhi is growing  everywhere as it  has affected people in cyber security lawyers in Delhi to resolve many cases. On top of that, the rise in cyber crimes has also attracted people. There are a number of Cyber security lawyers in Delhi that makes our role important. Thanks, to the increased usage of computers, laptops and smart phones that has made the system vulnerable to cyber attacks.

Recently, a Maharashtra Bank by the name COSMOS, was victimized as the bank server had been hacked because of a malware-based attack. The accused siphoned off 94 crore out transferred to various overseas bank accounts via Indian Bank account through gateway (National Payment Corporation Of India) NPCI.  That's why the demand of various lawyers has come in to provide Cyber security lawyers in Delhi and resolve many cases.. The Bank has registered a case  under the section 43, 65, 66(C) and 66(D) of the Information Technology Act and relevant sections of Indian Penal Code. That's shows how critical cyber security In India.

 In Delhi, such cases occur on a daily basis which possesses a threat to cyber security. So far many cases have been registered in the past. However, because of lack of such cyber laws many cases have gone unnoticed. The rise in cyber cases has led the government to stand firm against it and establishment of cyber body cell.

  That's why LAWLINES is a proven name in ever changing the economy of the world legal profession and plays a positive, constructive and valuable role.

Original Content Source Here:

http://lawlines.blogspot.com/2018/08/lets-understand-role-of-lawyers-in.html

[megayogiposts]

Government Accountability in Student Scholarship Delays

Grievance Status for registration number : PMOPG/E/2024/0183077Grievance Concerns ToName Of ComplainantYogi M. P. SinghDate of Receipt22/12/2024Received By Ministry/DepartmentPrime Minister’s OfficeGrievance DescriptionThere is no fault on the part of the applicant since the website is not working correctly which is the Root Cause of the server error on the part of national payment corporation of…

[preetisinghuniverse]

NPCI Server Issues: Urgent Action Required

Grievance Status for registration number : DEABD/E/2024/0080051 Grievance Concerns To Name Of Complainant Mahesh Pratap Singh alias Yogi M. P. Singh Date of Receipt 19/11/2024 Received By Ministry/Department Financial Services (Banking Division) Grievance Description Financial Services (Banking Division) >> DIGITAL PAYMENT Whether the concerned government staff will respond when the…

[barbieshals]

Facebook Doesn’t Use WhatsApp Payments Data for Commercial Purposes: WhatsApp

WhatsApp has cleared up its data ask for structure in India after it was raised that the illuminating affiliation may share packs data of customers with its parent Facebook Inc.

"Facebook does not use WhatsApp isolate for business purposes, it just helps pass the key piece information to the bank strip and NPCI. Once in a while, we may share compelled data to ask give customer support to you or keep isolates guaranteed and secure," WhatsApp said in an illuminating posted on its phase on Friday. A WhatsApp star ensured the reestablish yet declined to comment further.

Mint secured 10 April that WhatsApp, the most current part in India's bits progress, had said it may surrender customers' bits data to its parent Facebook, when Facebook is controlling vitality with respect to how it uses customer data. Seven days back, Facebook related supporter and CEO Mark Zuckerberg proclaimed under the mindful look of US chief after it built up that London-based data mining firm Cambridge Analytica had disgustingly gotten to data on Facebook customers in the run-up to the 2016 US races.

In setting of the Unified Payments Interface (UPI) manufacture, WhatsApp provoked bundles on trial for some of its customers in February. It is required to familiarize the relationship with each and every one of its customers soon.

After the Mint report, the National Payments Corporation of India (NPCI), the body that game plans with the UPI fabricate, related with WhatsApp, asking for that the association together clear up the wording of its data security approaches on social gatherings, a man OK with the issue gave, requesting issue.

As showed up by a present insidious by NPCI, the banks related with untouchable part applications like WhatsApp and PhonePe need to get prohibitive assent from NPCI before they share customer data.

There have been unmistakable controls indicated starting late for divide.

Earlier this month, the Reserve Bank of India (RBI) issued a notice passing on that all parts firms will now be required to store all the region related data in India. It imagines that affiliations will report consistence inside a half year.

"The gathering should set the untouchable data sharing under the proposed security act and it should unmistakably be a touch of the law making. Data security act is basic and in a short minute key," said Subho Ray, pioneer of Internet and Mobile Association of India (IAMAI), including that server obstacle alone won't help.

Specific specialists agreed with Ray. Coming to the heart of the matter, even in various countries, there have been calls for new data security controls that place customers responsible for their own specific data and tie the direct by which web firms can use customer data. Scholastics say that web firms have been allowed to a great degree unending adaptability in battering customer data to benefit and have called for laws showed up on European Union's (EU) General Data Protection Regulation (GDPR), which pictures strict tenets for coordinating specific data of customers.

GDPR winds up influencing one month from now.

Last July, the overseeing body said a 10-space forewarning get-together of chiefs headed by past Supreme Court regard B.N. Srikrishna will consider a draft data security charge for India.

"As appeared by the IT Act, there are two checks, among others, on how customer data can be overseen in touchy cases, for instance, isolates. One, the firm that is trading the data to another association together needs to ensure that affiliation has the same, expecting more shocking, flourishing undertakings as itself. Second, the affiliation getting the customer data can on a very basic level use it in the specific, obliged setting. If WhatsApp, for instance, is trading customer data on parts to Facebook, Facebook can in a general sense use it concerning bundles, and not for some other reason," said Namita Viswanath, aide, IndusLaw.

[baby-mochtroid]

Facebook Doesn’t Use WhatsApp Payments Data for Commercial Purposes: WhatsApp

WhatsApp has cleared up its data insistence system in India after it was raised that the illuminating affiliation may share packs data of customers with its parent Facebook Inc.

"Facebook does not use WhatsApp isolate for business purposes, it just helps pass the key piece information to the bank lace and NPCI. Every so often, we may share compelled data to ask give customer support to you or keep disengages guaranteed and secure," WhatsApp said in an illuminating posted on its phase on Friday. A WhatsApp ace ensured the reestablish yet declined to comment further.

Mint secured 10 April that WhatsApp, the most current part in India's bits progress, had said it may surrender customers' bits data to its parent Facebook, when Facebook is controlling excitement with respect to how it uses customer data. Seven days back, Facebook related supporter and CEO Mark Zuckerberg avowed under the wary look of US supervisor after it built up that London-based data mining firm Cambridge Analytica had disgracefully gotten to data on Facebook customers in the run-up to the 2016 US races.

In setting of the Unified Payments Interface (UPI) manufacture, WhatsApp induced bundles on trial for some of its customers in February. It is required to familiarize the relationship with each and every one of its customers soon.

After the Mint report, the National Payments Corporation of India (NPCI), the body that deals with the UPI engineer, related with WhatsApp, asking for that the alliance clear up the wording of its data security approaches on gatherings, a man OK with the issue gave, requesting issue.

As showed up by a present underhanded by NPCI, the banks related with untouchable part applications like WhatsApp and PhonePe need to get prohibitive assent from NPCI before they share customer data.

There have been unmistakable controls indicated starting late for portion firms.

Earlier this month, the Reserve Bank of India (RBI) issued a notice passing on that all parts firms will now be required to store all the region related data in India. It imagines that affiliations will report consistence inside a half year.

"The social affair should harden the untouchable data sharing under the proposed security act and it should clearly be a touch of the law making. Data security act is fundamental and in a short minute key," said Subho Ray, pioneer of Internet and Mobile Association of India (IAMAI), including that server impediment alone won't help.

Specific masters agreed with Ray. Cutting straight to the chase, even in various countries, there have been calls for new data security controls that place customers in charge of their own specific data and tie the direct by which web firms can use customer data. Scholastics say that web firms have been allowed really endless adaptability in battering customer data to benefit and have called for laws showed up on European Union's (EU) General Data Protection Regulation (GDPR), which pictures strict guidelines for overseeing specific data of customers.

GDPR winds up impacting one month from now.

Last July, the regulating body said a 10-space forewarning get-together of administrators headed by past Supreme Court regard B.N. Srikrishna will consider a draft data security charge for India.

"As appeared by the IT Act, there are two impediments, among others, on how customer data can be administered in delicate cases, for instance, disengages. One, the firm that is trading the data to another alliance needs to ensure that affiliation has the same, expecting all the more repulsive, flourishing undertakings as itself. Second, the affiliation getting the customer data can basically use it in the specific, obliged setting. In case WhatsApp, for instance, is trading customer data on parts to Facebook, Facebook can fundamentally use it concerning portions, and not for some other reason," said Namita Viswanath, aide, IndusLaw.

[awesomeesaucee]

Facebook Doesn’t Use WhatsApp Payments Data for Commercial Purposes: WhatsApp

WhatsApp has cleared up its information protection technique in India after it was raised that the lighting up association may share parcels information of clients with its parent Facebook Inc.

"Facebook does not utilize WhatsApp parcel data for business purposes, it just helps pass the key segment data to the bank frill and NPCI. From time to time, we may share restricted information to ask give client support to you or keep divides ensured and secure," WhatsApp said in a lighting up posted on its stage on Friday. A WhatsApp specialist guaranteed the restore yet declined to remark further.

Mint secured 10 April that WhatsApp, the most current part in India's bits advance, had said it might concede clients' bits information to its parent Facebook, when Facebook is regulating demand as for how it utilizes client information. Seven days back, Facebook related supporter and CEO Mark Zuckerberg affirmed under the mindful look of US managers after it developed that London-based information mining firm Cambridge Analytica had shamefully gotten to information on Facebook clients in the run-up to the 2016 US races.

In context of the Unified Payments Interface (UPI) mastermind, WhatsApp instigated divides on trial for some of its clients in February. It is required to acquaint the association with every single one of its clients soon.

After the Mint report, the National Payments Corporation of India (NPCI), the body that administers the UPI organize, related with WhatsApp, requesting that the affiliation clear up the wording of its information security approaches on parcels, a man OK with the issue communicated, asking for riddle.

As indicated by a present roundabout by NPCI, the banks related with untouchable part applications like WhatsApp and PhonePe need to get restrictive consent from NPCI before they share client information.

There have been unmistakable controls shown beginning late for divide firms.

Prior this month, the Reserve Bank of India (RBI) issued a notice conveying that all parts firms will now be required to store all the segment related information in India. It envisions that affiliations will report consistence inside a half year.

"The gathering ought to merge the untouchable information sharing under the proposed security act and it ought to obviously be a touch of the law making. Information security act is essential and in a brief moment fundamental," said Subho Ray, pioneer of Internet and Mobile Association of India (IAMAI), including that server restraint alone won't help.

Particular specialists concurred with Ray. Truth be told, even in different nations, there have been calls for new information security controls that place clients responsible for their own particular information and confine the conduct by which web firms can utilize client information. Academics say that web firms have been permitted tolerably boundless flexibility in mauling client information to profit and have called for laws appeared on European Union's (EU) General Data Protection Regulation (GDPR), which pictures strict standards for managing particular information of clients.

GDPR ends up convincing one month from now.

Last July, the administering body said a 10-area cautioning social occasion of bosses headed by past Supreme Court esteem B.N. Srikrishna will consider a draft information security charge for India.

"As indicated by the IT Act, there are two hindrances, among others, on how client information can be managed in fragile cases, for example, divides. One, the firm that is exchanging the information to another affiliation needs to guarantee that affiliation has the same, expecting all the more dreadful, wellbeing endeavors as itself. Second, the affiliation getting the client information can essentially utilize it in the particular, constrained setting. On the off chance that WhatsApp, for example, is exchanging client information on parts to Facebook, Facebook can just utilize it concerning divides, and not for some other reason," said Namita Viswanath, partner, IndusLaw.

[webwerksdatacenter-blog]

Web Werks to unveil its new website facelift for better customer experience.

Web Werks a leading data center provider with locations in Mumbai, Pune, U.S.A, and Dubai, will soon be launching their redesigned website at webwerks.in. Not only it is rebuilt but also have a new and enhanced content including a highlighted area on the front page for a la-mode customer support and a revamped shopping cart that improves the ordering steps.

This website is getting developed to feature a responsive design, adapting its display for optimal viewing on any size/resolution screen. The design is completely mobile device-friendly. The website is an important part of Web Werks effort to improve its communications, outreach, and dissemination strategies.

"I am thrilled to announce the progress of the launch of our new website, in order to develop this website, we gathered feedback from our clients, studied data and analytics, and even had a look at the present trends in web designing. From services to products, each section is designed to deliver a better experience. We even work hard towards the section of improving customer support.  The 24x7x365 support center will allow users to diagnose the issue and resolve. Moreover, it will answer all type of inquiries." said Nikhil Rathi, CEO, Web Werks.

About Web Werks

Established in 1996, Web Werks is an ISO 9001:2015, ISO 27001:2013 and ISO 20000 - 1 and Uptime Institute Certified Cloud Data Center Service Provider in India. Web Werks has been awarded 'the best web hosting award 2017', 'Retailer Of The Year For Best Cloud Data Centers And Internet Exchange', 'Great Indian Workplace Award (GIWA) 2017' and much more.

Web Werks focuses on quality-driven self-managed and fully managed to host services that include cloud solutions, dedicated servers and VPS hosting services on Linux and Windows operating platforms. They also deliver disaster recovery services, Innovative Rapid Cloud backup technologies, work area recovery services, CDN services, etc. They have collaborated with more than 1000+ organizations globally that include Fortune 500 companies across various business verticals. This also includes Government sectors as well, such as Mumbai Metro Rail Corporation Limited, Maharashtra Pollution Control Board, Maharashtra Knowledge Corporation, Nabard, NPCI etc.

For more information, kindly visit, www.webwerks.in.

Media Contact: Priti Shetti Corporate Communications Data Center News priti.shetti@webwerks.in +91-8828335555

[myupdatestudio-blog]

New Post has been published on Myupdatestudio

New Post has been published on https://myupdatestudio.com/cellular-charge-platform-chillr-to-release-upi/

Cellular charge platform Chillr to release UPI

India’s first multi-bank Mobile payment platform Chill is ready to launch its Unified Payments Interface (UPI) facility via March-give up, that allows you to permit clients of almost 45 banks to make Payments on a single platform.

                                         Cellular Charge 

Consumer Cellular Cell Phone

“We are able to meet bank officials in a couple of days for identifying the date of launch,” Sony Joy, CEO, and Co-Founder, Chiller, informed BusinessLine on Monday.

Chill is a multi-financial institution Mobile banking app that permits customers to send and obtain cash to/from anybody in their smartphone ebook. It differs from online wallets as all fund transactions are between financial institution accounts.

He started around 1.50 crore customers have anticipated to onboard this platform via the give up of 2017-18. “Our annual run-charge (transaction) is also predicted to head up from $1 billion (around ₹6,600 crore) now to $12 billion (almost ₹eighty,000 crores) in line with annum.”

UPI is a machine that powers a couple of financial institution bills right into a single Cell application (of any participating bank), merging several banking functions, seamless fund routing, and merchant Payments into one hood.

It Also caters to the “peer-to-peer” collect request which may be scheduled and paid as per requirement and comfort.

Countrywide Bills Agency of India (NPCI), which evolved the UPI, carried out a pilot release with 21 member-banks in April 2016. It changed into released through the then RBI Governor, Raghuram Rajan, in Mumbai. From August 2016, banks started importing their UPI-enabled apps on Google Play Save.

At the same time as virtual transaction volumes throughout charge platforms have got here down because of the coins crunch easing out, Chiller has been able to keep its momentum and develop continually, Roy stated.

Inside the September 2016-January 2017 duration, its transactions grew 4-fold and crossed ₹500-crore mark in in January 2017 — an over 10-fold increase Inside the closing three hundred and sixty-five days.

Chill, which had tied up with 10 banks at the On the spot price Service (IMPS) platform, an on the spot inter-financial institution digital fund switch Carrier via Cell banking, currently enjoys over a million lively users of the app.

Current reports endorse that fifty in keeping with a cent of Cellular pockets users do not have any balance in their wallets and the closing customers have a median stability of much less than ₹50. This understanding indicated that customers like to maintain money of their financial institution accounts.

Cell Bills – Collaboration is the important thing

Charge Syndrome

In idea, the concept of Cellular Bills has a strong commercial enterprise case, given the excessive market penetration prices of Mobile gadgets, inclusive of cell telephones and PDA?S, in lots of parts of the world. In addition, Cell operators and monetary establishments, through the usage of these devices, envision an attractive way to permit their clients to make Payments. on the customer fact, users can achieve the advantages of convenience, allowing them to buy items and services from any area.

In precept, a Cellular tool may be used as a POS (factor of sale) tool. Mobile operators and financial establishments remember this idea as the following logical step in making Mobile devices a depended on feed device for purchasers, performing as a fee device supplementing coins, cheque, credit card and debit card.

presently, financial institutions are rolling out wireless POS talents to merchants which can be in flip competing with a purchase?S Cellular phone. numerous new services were added round the sector wherein merchants are accepting Bills from wi-fi POS terminals. those wireless POS terminals, for instance, allow traders to provide home shipping offerings in which Bills are offered and everyday upon shipping of products or offerings on the client?S vicinity.

wireless POS terminals use the wi-fi networks of Cell operators to ship fee commands to a merchant acquirer?S charge server. Therefore, wireless POS services are labeled as an extension of conventional charge services. Given that during a few regions of the arena almost all people will soon own a Mobile phone, and maximum merchant places provide POS terminals as a form of price, it’s miles at the least practicable that the Mobile tool will take over a massive a part of the retail price marketplace.

When you consider that wireless POS implementations are an extension of present day payment infrastructures, users nonetheless need to apply a credit score or debit card to make purchases. The ease related to modern wi-fi POS strategies need to do with the reality that these terminals are delivered to the place of the purchase. as an instance, in a eating place environment with the person paying for his or her invoice via debit card from their seat, or for their groceries that have been added to their front door.

Cellular devices allow using numerous offerings, services that do not want card readers, private computer systems, and modem mixtures or a merchant?S wireline POS terminal. These days, Mobile gadgets have an embedded chip that can be used to Shop statistics and offer relaxed authorization and identification.

The need for Interoperability

However to make these offerings to be had to the general public of Cell users, Cell price Service companies want to roll out offerings that provide interoperability. There had been several Cell charge pilots carried out that enable Cellular gadgets for use as a fee alternative, some of which have superior into full Mobile fee offerings (e.G. PayPal, PayBox, MovilPago). To this point, we?’ve found that the key to supplying aa success Cellular price Service has to do with the blessings it gives the end user and the end consumer’s clients: convenience, security, and freedom being a few key factors.

Even though the enterprise has an extended manner to head earlier than Cellular gadgets turns into a client?S charge instrument of desire, to make sure the stableness of a possible Cellular Payments infrastructure, collaboration is the important thing.

Each Cell operators and monetary establishments have attempted, with little fulfillment, to implement their very own person pilot tasks. Each parties have encountered several difficulties. Cell operators, as an example, because of their vast current consumer base, technical and billing comprehension, regarded the maximum possibly candidates to provide Mobile payment services. But, troubles associated with threat control and the collaboration of numerous vendors wished to accomplish interoperability have arisen. financial establishments information are faced with a restricted range of customers and high infrastructure expenses. To remedy those issues, Cellular operators and economic establishments have all started collaborating to together provide Cell payment services to their customers. For instance, leading Dutch direct financial institution ING/Postbank Nederland, has partnered with the Netherlands-wide variety three Mobile carrier Telford, to offer customers Mobile get admission to to the financial institution?S retail programs and hyperlink consumer financial institution debts to Telfort?S prepaid Carrier top-up competencies for account recharging. In this example, the fact that these two entities are taking advantage of their natural symbiosis is a large step Inside the right course.

UPI Chemicals

proper now there are four entities had to make a payment via credit card (acquirers,, issuers, traders and clients) to make a fee via Cell device, there are five (Cell operators, acquires, provider, merchant and purchasers). As a end result, the correct commercial enterprise model includes the cooperation between Mobile operators, monetary institutions, technology providers and enterprise associations to create a sure amount of standardization so that it will ensure the a success implementation of a strong Cell Payments infrastructure.

nonetheless, numerous problems, which include confined functionality available through the current technology of networks as well as a loss of requirements to call a few, are nevertheless hampering the efforts being accomplished by using these enterprise gamers. Similarly, questions regarding successful revenue-producing business models Additionally remain.

[india-today-finance-yahoopa-blog]

BHIM vs Paytm: The best cashless solution for India

PM Narendra Modi last week launched Bharat Interface for Money, or BHIM, which has been built on top of the United Payment Interface (UPI) launched last year. If companies like Paytm, MobiKwik and Freecharge were having a field day since November 8, the BHIM app could mean lower business for them because on the face of it BHIM seems a more convenient and simpler app for consumers.

According to Amitabh Kant, CEO of Niti Ayog, the BHIM app has been downloaded for more than 3 million times on Google Play Store and over 500,000 transactions have already been made so far. Considering the app is not available on iOS and Windows yet, that is a huge number already.

While BHIM has ease of access, Paytm is more widely used across the country. Both have their flaws, both have their benefits but which one comes out on top? Let's take a look.

Usability

BHIM is NOT an e-wallet. It can be considered an easier way to access your bank account to make payments, transfer and receive money. This means you don't need to add money to BHIM, since it is basically your bank account. There are several ways through which you can use BHIM, using a phone number if your bank supports UPI, using IFSC and MMID, and using unique QR codes. You can also access all the features being offline by using *99# USSD code.

Also read: BHIM app: How to set it up, how to use & everything else you may want to know

The installation and setup of BHIM is incredibly easy, Paytm is not so much.

This doesn't mean using Paytm is difficult, it can be said that BHIM is easier than Paytm. To use Paytm you need to add money to the wallet each time it runs out of money, the app comes with several features and options that can be a tad bit confusing to the first-time user or someone who never used a smartphone before.

Most banks in India are UPI-enabled by now, which means all you need is a phone number to send or receive money through BHIM, the same goes for payments.

Security

Paytm has put up several security measures in place. All transactions between Paytm and banks are made through gateways that have their own security systems, it also employs PIN or pattern lock to access the app. Paytm has been in the market for years now, and no hack attempts, successful or otherwise, have been reported so far. So it's safe to assume that Paytm is pretty much secure.

On the other hand, not much is known about BHIM's security. The app uses three levels of authentication, first between the app and the phone, second between the app and the bank, and third between the bank and the phone. All of this sounds good enough.

Also read: Demonetisation: After Paytm's server hit, how secure are e-wallets in India?

Lucideus Tech, one of the companies involved with BHIM apps, says that BHIM's security is "in line with what a Google Wallet or Apple Pay will be using". That is reassuring. However, in our brief use of the app we found it to be buggy as it cancelled transactions without giving a reason, or put a transaction on hold for no apparent reason, we cannot really put our faith in the app as far as security is concerned. We do hope that it will improve in the coming days, and maybe we will have some more clarity about security measures taken by banks, government and the app itself.

Reliability and trust

Launched by National Payments Corporation of India (NPCI), BHIM carries government's name with it, which of course inspires more trust than a private firm. Since BHIM is a UPI app, you can always contact your bank in case anything goes wrong.

Paytm has also put its measures in place if something goes south, however, they require long, tedious talks with customer care executives and may end up in long mail trails too. Since Paytm is not just roadside vendor who would deny having done business with you, you can rest assured to find a solution to a problem eventually.

Also read: BHIM beats Jio, WhatsApp to top chart in Android Play store, but it rarely works

In terms of usage, Paytm is currently more reliable. Its servers seem more robust and there are fewer bugs. BHIM, on the other hand, is having some teething issues.

Conclusion

It is still too early to send out a verdict on BHIM, however, we can say for a fact that it is possibly the easiest online payments app out there. There is no doubt that BHIM is a long distance from overtaking the popularity of apps like Paytm, but if the makers patch the bugs and put in more efforts to market it better, somewhere in line with what Paytm, Freecharge and MobiKwik have been doing, BHIM could become the best cashless solution India was looking for.