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Want to avoid debit card passwords and digital wallets when you make the next payment at a shopping mall?
In that case, you can use your iris as a more secure payment method. The Union government is currently working on developing a common Android mobile-based Aadhaar-Enabled Payment System (AEPS) that can be used by shopkeepers for receiving Aadhaar-enabled payments.
To avail the facility, a trader needs to download an 'Iris scanner' on a smartphone and customers need to have their bank accounts linked with Aadhaar number handy.
All the customers need to do is to quote their Aadhaar number and it would be authenticated through biometrics before the money is directly transferred from the customer's bank account to the merchant's account.
In multiple steps, the merchant would have to send the Aadhaar number and biometric data from their phone to Unique Identitfication Authority of India (UIDAI). The UIDAI in turn would verify the data provided by the trader with the data stored in its central depositary. Once the data is matched and a message is sent to the bank, payment would be pro mptly issued within seconds. “Currently the government is in talks with mobile manufacturers for starting the Aadhaar authentication payment mode.With Hyderabad being one of the cities with more than 90 per cent people having Aadhaar-linked bank accounts, its best to kick-start the project here,“ said Ram Reddy, deputy director general of UIDAI.
Government sources sa id that Tata Consultancy Services has been roped in to develop a foolproof Iris Scanner. The chief ministers' committee headed by the Andhra Pradesh chief minister N Chandrababu Naidu has also recommended that apps be developed for Aadhaar-enabled payments.
Cyber security experts said that once introduced, the iris scanner technology would be a foolproof option in India. “Since the data is sent to UIDAI for verification, which in turn verifies each payment, its a relatively safer mode of payment,“ said Umesh Thota, a cyber security expert.
The move comes at a time when cyber crime has increased significantly and security experts are looking for secure technology to minimise frauds. Government sources said they are planning to introduce the services early next year.
now, your iris is the new password to go cashless, Telecom News, ET Telecom
In that case, you can use your iris as a more secure payment method. The Union government is currently working on developing a common Android mobile-based Aadhaar-Enabled Payment System (AEPS) that can be used by shopkeepers for receiving Aadhaar-enabled payments.
To avail the facility, a trader needs to download an 'Iris scanner' on a smartphone and customers need to have their bank accounts linked with Aadhaar number handy.
All the customers need to do is to quote their Aadhaar number and it would be authenticated through biometrics before the money is directly transferred from the customer's bank account to the merchant's account.
In multiple steps, the merchant would have to send the Aadhaar number and biometric data from their phone to Unique Identitfication Authority of India (UIDAI). The UIDAI in turn would verify the data provided by the trader with the data stored in its central depositary. Once the data is matched and a message is sent to the bank, payment would be pro mptly issued within seconds. “Currently the government is in talks with mobile manufacturers for starting the Aadhaar authentication payment mode.With Hyderabad being one of the cities with more than 90 per cent people having Aadhaar-linked bank accounts, its best to kick-start the project here,“ said Ram Reddy, deputy director general of UIDAI.
Government sources sa id that Tata Consultancy Services has been roped in to develop a foolproof Iris Scanner. The chief ministers' committee headed by the Andhra Pradesh chief minister N Chandrababu Naidu has also recommended that apps be developed for Aadhaar-enabled payments.
Cyber security experts said that once introduced, the iris scanner technology would be a foolproof option in India. “Since the data is sent to UIDAI for verification, which in turn verifies each payment, its a relatively safer mode of payment,“ said Umesh Thota, a cyber security expert.
The move comes at a time when cyber crime has increased significantly and security experts are looking for secure technology to minimise frauds. Government sources said they are planning to introduce the services early next year.
now, your iris is the new password to go cashless, Telecom News, ET Telecom
