Automated teller machine Current Affairs, GK & News
Reserve Bank of India (RBI) has changed some rules regarding cash withdrawal from automated teller machine (ATM). New rules include high charges on transactions beyond free permissible limit, new free ATM transaction limit and increase in interchange fee. Highlights Changes were made on the basis of recommendations of Chief Executive committee it constituted in June ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs
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. ..
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 ..
Topics: Aadhaar • Access control • Authentication • Automated teller machine • Biometrics • Countries applying biometrics • Cryptography • Eye • Identification • Iris recognition • Security engineering • University of Cambridge Computer Laboratory
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.
Topics: Air navigation service providers • Air traffic control • Air traffic management • Airports Authority of India • ATM • Automated teller machine • Economy • Madrid • Ministry of Civil Aviation • Technology
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 ..
Month: Current Affairs - July, 2012
Topics: Automated teller machine • Bank • Banking • Direct bank • E-commerce • Economic history of Italy • Economy • Finance • Financial services • Mobile banking • Payment systems • PricewaterhouseCoopers