Banking: ICICI Launches Voice ‘Password’ Facility for Users
ICICI Bank has launched a service where customers can make transactions using just their voice, without using other means of authentication like a password. According to a statement issued by the Bank, the voice recognition service authenticates customers based on their speech patterns and allows them to execute banking transactions through the Bank’s call centre.
 
Customers, in general, use various means of authentication like entering card numbers, answering security questions and entering a personal identification number (PIN) to carry out a phone banking transaction. “Their voice will now act as the password for banking transactions through the call centre,” the statement said, adding that the service is secure. Over 33 million savings bank and credit card customers will be able to use the service.
 

User

Cards: RBI Issues Draft Guidelines on Mobility Cards
The Reserve Bank of India (RBI) issued draft guidelines on mobility cards that will allow passengers to travel without cash in metros, buses and taxis carrying prepaid cards with value up to Rs2,000.
In a bid to boost prepaid payment instruments (PPIs) for commuting, RBI has introduced a new category of PPIs that will be issued by the mass transit operators (such as metro or road transport). With a minimum validity of six months from the issue date, the PPI- MTS (mass transit systems) will be re-loadable with a balance limit of Rs2,000. No cash-out or refund will be permitted from these PPI.
 
“It was felt that a separate category of semi-closed PPIs for MTS which handle a large number of small value cash payments will facilitate the migration to electronic payments in line with the country’s vision of moving to a cashless society,” RBI added.

User

Retirement: Six Million UANs for PF Users Activated: Official
Citing a lukewarm response from companies in implementing universal account number (UAN), the Union labour ministry has said that only six million UANs have been activated so far from an active base of 41.7 million provident fund subscribers.
 
Making conversion of existing provident fund accounts into UANs mandatory was under consideration of the authorities, said additional central provident fund commissioner for West Bengal, North-East and Jharkhand. In October 2014, prime minister Narendra Modi had launched UAN for provident fund subscribers which would enable them to link their PF accounts to this number. This would, in turn, ensure easier portability and ease in transfer of money directly to employees’ bank accounts.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)