The Reserve Bank of India (RBI) has constituted a high-level committee under IBA Chief Executive V G Kannan to examine ATM charges and fees by banks amid demands for reviewing the levies. The use of Automated Teller Machines (ATMs) has been growing significantly and there have been persistent demands to change ATM charges and fees. ..
Automated teller machine: GK, Current Affairs, Questions, Trivia and News
Axis Bank becomes India’s first bank to introduce iris authentication for Aadhaar-based transactions through micro ATMs
Axis Bank has become the India’s first bank to introduce Iris Scan Authentication feature for Aadhaar-based transactions through its micro ATM tablets. As per study conducted by the International Centre for Biometric Research (ICBR), Iris scan technology is completely contactless and provides up to 98.2% authentication success rate and offers an edge over other prevalent ..
The World ATM Congress (WATMC-2018) was held at Feria de Madrid in Spain from March 6 to 8. It is the world’s largest international air traffic management (ATM) exhibition and conference attracting thousands of delegates each year. In it, the Airports Authority of India (AAI) participated and showcased its achievements and initiatives.
According to a report by PwC (PricewaterhouseCoopers): · Innovative service delivery models, including mobile banking and ATMs, and the ability to satisfy customers will drive the growth of banking sector in the near future · The concerns over data security and lack of regulation clarity seeks urgent govt attention in order to encourage innovation in ..
A delivery channel of the bank includes following: ATMs, TelebankingInternet BankingMobile BankingAnybranch BankingCall centers