Civil Services UPPSC RO ARO 2024-25 Mock Tests Series Current Affairs Business and Economy Banking Affairs
What is a new safety requirement mandated by the RBI for payment system operators (PSOs)?
1
PSOs must implement daily transaction summaries and manual session terminations.
2
Card networks are required to enforce transaction limits and provide 24x7 alerts for suspicious activities, with encrypted storage of card details.
3
Non-bank payment system operators need to develop offline fraud monitoring systems.
4
PSOs must ensure that customer alerts are sent via postal mail only.