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OTP Troubles? Here s Why You May Not Be Receiving Important SMS Messages Today

Weirdly, Axis on-call OTPs aren t working either. Vinay Kesari (@vinaykesari) March 8, 2021 @NSDLeGovernance kindly solve the SMS problem. Not getting the OTP message to log in APY Ashwin Jain (@iAshwiin) March 8, 2021 @pnbindia otp for sms n call for otp both service not working since afternoon..plz look urgently. Girish Patel (@Girishptl) March 8, 2021 TRAI asked telecom operators to implement the process of scrubbing, which essentially means that every SMS is verified with a registered template before it is delivered. Unfortunately, there appear to have been issues with the implementation, which several people noted online. DLT went live - for those who don t know , that s a India-wide blockchain based SMS senderid verification for SMS.

Aniketh jainSandeep srinivasaAshwin jainGirish patel girishptlVinay kesariTelecom regulatory authority of indiaPunjab national bankLedger technologyDistributed ledger technologyTelecom regulatory authorityGirish patelInternet bankingOtp delays airtel vodafone telecom operators new regulations sms fraudOtp delayContent scrubbingசந்தீப் ஸ்ரீநிவாச

RBI rejects demand of online merchants to store customers credit card data

RBI rejects demand of online merchants to store customers credit card data SECTIONS Share Synopsis The regulator is of the view that merchants storing credit card data would cause cyber security risks to the consumer and they do not have any locus standi as these norms pertain to payment aggregators and gateways, said an official in the know. Agencies The new RBI guidelines bar merchants from storing “customer card and related data on their servers. The Reserve Bank of India has rejected demands of top merchants like Amazon, Microsoft, Netflix, Flipkart and Zomato to store customers credit card data under the new payment aggregators and payment gateway (PA/PG) norms enforceable from July 2021, three people aware of the development said. Merchants had sought a meeting with the regulator claiming that they haven’t been adequately represented, which was also shot down by the regulator.

Mihir gandhiSandeep srinivasaMandar kagadeRaman khandujaReserve bankBlack dot public policyCard industry data security standardPayment and settlement systems in indiaReserve bank of indiaமிஹிர் காந்திசந்தீப் ஸ்ரீநிவாசராமன் காண்டுஜாஇருப்பு வங்கிகருப்பு புள்ளி பொது பாலிஸீஅட்டை தொழில் தகவல்கள் பாதுகாப்பு தரநிலைகட்டணம் மற்றும் தீர்வு அமைப்புகள் இல் இந்தியா

RBI Toughens Digital Payment Security Norms For Lenders

RBI Toughens Digital Payment Security Norms For Lenders
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Nitin bhatnagarSandeep srinivasaSecurity standard councilStandard councilநிடின் பட்நகர்சந்தீப் ஸ்ரீநிவாசபாதுகாப்பு தரநிலை சபைதரநிலை சபை

MC ExpertEye | What Is That One Big Budget Announcement That Startup Founders Are Waiting For?

MC ExpertEye | What is that one big Budget announcement that startup founders are waiting for? The coronavirus outbreak has ravaged businesses. While some have begun to emerge from the blow, many are still struggling. Can the Budget help? Read on Representative image (PC- MoneyControl.Com) Note to Readers: MC ExpertEye is a weekly series of articles that will dive deep into an important topic by seeking answers from experts. The year 2020 hit the economy hard following the pandemic. While some of the businesses started seeing corrections only towards the second half of the year, some are still struggling to come out of the pandemic blues. Given the extraordinary situation, we ask a bunch of entrepreneurs from across sectors what are the economic pain points of their businesses and their expectations from the budget this year.

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RBI cautions against loans given on apps

The regulator is also understood to have called for information from registered NBFCs that either partner fintechs or lend via apps. Meanwhile, the Digital Lenders Association of India, or DLAI with members like Capital Float, IndiaLends and ZestMoney has shared a checklist of telltale signs that a lending app is not RBI-regulated. A key giveaway is that the party asking for the loan agreement is not an RBI-regulated entity. “The RBI has norms for data privacy, data localisation and recovery of bad loans. Apps that are registered as NBFCs come under these guidelines. Currently, fintechs that partner with banks and finance companies for lending are regulated only from the point that they plug into the lender’s network and those who are not registered and do not partner lenders are not regulated at all,” said Sandeep Srinivasa, founder of micro-lending startup RedCarpet.

Sandeep srinivasaDigital lenders association of indiaDigital lenders associationCapital floatசந்தீப் ஸ்ரீநிவாசடிஜிட்டல் கடன் வழங்குநர்கள் சங்கம் ஆஃப் இந்தியாடிஜிட்டல் கடன் வழங்குநர்கள் சங்கம்மூலதனம் மிதவை