About this document
EMV Chip and PIN ATMs Directive by NaveenPandey is a document available to read on EtoBox.
This document from the Reserve Bank of India mandates that all ATMs in India must be enabled to process EMV chip and PIN cards by September 30, 2017 for security reasons. While POS terminals can currently accept EMV chip cards, most ATM transactions still rely on magnetic stripe data, leaving them vulnerable to fraud. Contactless EMV chip processing at ATMs would enhance security and prepare banks for an upcoming EMV liability shift for ATM transactions. Banks must also enable the same requirements at micro
- Author
- NaveenPandey
- Language
- EN