https://www.taxtmi.com/news?id=16754 The Reserve Bank has guided a transition from cheque based clearing to a diversified electronic retail payments ecosystem-incorporating MICR/CTS cheque automation, bulk payment platforms (ECS/NACH), funds transfer rails (NEFT/IMPS/RTGS), card security enhancements, Aadhaar enabled disbursements (APBS/AEPS) and interoperable mobile solutions such as UPI-while permitting non bank front end participation under ring fencing and retaining bank primacy for deposit and settlement functions, alongside regulatory emphasis on authentication, cyber security and customer protection. en-us Tue, 25 Oct 2016 17:00:12 +0530 Tue, 25 Oct 2016 17:00:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16754 The Reserve Bank has guided a transition from cheque based clearing to a diversified electronic retail payments ecosystem-incorporating MICR/CTS cheque automation, bulk payment platforms (ECS/NACH), funds transfer rails (NEFT/IMPS/RTGS), card security enhancements, Aadhaar enabled disbursements (APBS/AEPS) and interoperable mobile solutions such as UPI-while permitting non bank front end participation under ring fencing and retaining bank primacy for deposit and settlement functions, alongside regulatory emphasis on authentication, cyber security and customer protection. News - Tue, 25 Oct 2016 17:00:12 +0530 https://www.taxtmi.com/news?id=16754