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Aadhaar authentication must for card transactions at merchant stores

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November 28, 2013 3:10 IST | India Infoline News Service
The Reserve Bank of India has made it mandatory for banks to implement Aadhaar authentication for card transactions at merchant locations.

According to RBI, all new card's present infrastructure has to be enabled for recent security measures, including an embedded EMV chip and a mandatory PIN, besides Aadhaar validation at point of sale (PoS) terminals.

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