https://www.taxtmi.com/news?id=16378 Regulatory guidance stresses a technology-, ownership- and institution-neutral framework that promotes accessibility, interoperability, security, scalability and broad-based participation; a phased sandbox approach to experimentation; operator-led transaction monitoring to protect unsophisticated users; effective and speedy consumer redressal with residual risks borne by operators where customers exercise reasonable care; and forthcoming regulatory guidance allocating customer liability in electronic payments. Banks must align strategy, invest in technology and processes, and support interoperability while the ecosystem develops interoperable mobile channels, automated clearing, bill payments, MSME receivables platforms and strengthened cyber security. en-us Tue, 19 Jul 2016 18:06:13 +0530 Tue, 19 Jul 2016 18:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16378 Regulatory guidance stresses a technology-, ownership- and institution-neutral framework that promotes accessibility, interoperability, security, scalability and broad-based participation; a phased sandbox approach to experimentation; operator-led transaction monitoring to protect unsophisticated users; effective and speedy consumer redressal with residual risks borne by operators where customers exercise reasonable care; and forthcoming regulatory guidance allocating customer liability in electronic payments. Banks must align strategy, invest in technology and processes, and support interoperability while the ecosystem develops interoperable mobile channels, automated clearing, bill payments, MSME receivables platforms and strengthened cyber security. News - Tue, 19 Jul 2016 18:06:13 +0530 https://www.taxtmi.com/news?id=16378