Search Results for: e banking

Migrating to Adaptive Authentication

Posted on April 29, 2013 by Vijayashankar Na

Banks in India have been traditionally using the “Legally Non Compliant”, “Password based Authentication” for their E Banking requirements. As a result there are frequent customer-Bank conflicts where the customer demands that Bank should undertake the liability on account of … Continue reading →

Posted in Bank, ITA 2008, RBI, Uncategorized | Leave a comment

Banks can be fined upto Rs 1 crore for violating RBI regulation

Posted on April 28, 2013 by Vijayashankar Na

The Banking Regulation Act amendment Act 2012 which was recently passed by the Parliament has now become effective.(See PIB Press Release). It amends several provisions of the Banking Regulation Act 1949. Some of the amendments are directed towards new Branch … Continue reading →

Posted in Bank, ITA 2008 | Leave a comment

Charter of Demand on behalf of Netizens of Bangalore

Posted on March 28, 2013 by Vijayashankar Na

Naavi has developed a charter of demand on behalf of the Netizens of Bangalore in the context of the forthcoming polls. Details are available at http://www.aifon.org.in/wp/?p=87 The essential part of the demand are: 1. Recognize the existence of Netizens as part … Continue reading →

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Mobile Payments-FTC workshop

Posted on March 14, 2013 by Vijayashankar Na

The Federal Trade Commission (FTC) of USA which oversees consumer protection requirements has come up with a document on mobile payments. The document discusses aspects such as concerns on third party billing in carrier bills, data security, dispute resolution and … Continue reading →

Posted in Bank, Cyber Crime, Cyber Law | Leave a comment

E Business Failures

Posted on March 3, 2013 by Vijayashankar Na

E Business is today part of every business. Managing E Business requires an assessment of E Business risks and managing them appropriately. As a person who was once in the Banking and Finance industry and engaged in project assessment for … Continue reading →

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New RBI guidelines on IS Vs Damodaran Committee

Posted on March 2, 2013 by Vijayashankar Na

RBI has been advising Banks from time to time on the information security in Banks. It was immediately after the ITA 2000 was notified in 2000 that RBI set out to first formulate its guidelines for cyber law compliant information … Continue reading →