cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Finance

Canara Bank is First Public Sector Indian Bank with EMV Aadhaar Authentication

News Desk by News Desk
April 19, 2019
Canara Bank

Canara Bank has successfully rolled out major new functionality to support EMV card acquiring across its ATM network and Aadhaar Authentication, leveraging ACI’s UP Retail Payments solution to achieve market firsts.

Canara Bank, one of India’s largest public sector banks with nearly 6,300 branches and a network of more than 10,000 ATMs, is the first public sector bank to shift to EMV chip and PIN for card present transactions across the country’s vast ATM network. The EMV shift, as in other major global markets, is aimed at reducing lost and stolen card fraud and making counterfeit card fraud more difficult. The Reserve Bank of India (RBI) had set a deadline of December 31, 2018 for the switch, mandating use of an embedded chip to replace the traditional magnetic stripe card.

Canara Bank has tapped into the extensive functionality of ACI’s UP Retail Payments solution, which they have been relying upon as their core payments processing engine for 12 years, to be the first public sector bank in India to meet RBI’s EMV mandate. This is a major achievement for the bank as it offers its retail banking customers improved authentication for card-present transactions at the ATM, thus ensuring even greater security and risk mitigation. In addition, functionality developed by ACI and Canara Bank also speeds up the process of Aadhaar number linking, which eases KYC compliance at the bank’s branches.

“ACI has played a central role in driving EMV rollouts across numerous countries over the years. That, coupled with our long and extensive footprint within India, enables us to effectively drive key initiatives for innovative banks like Canara Bank, a long-time ACI customer,” said Kaushik Roy, Vice President – South Asia, ACI Worldwide. “Canara Bank’s successful rollout of EMV acquiring across its ATM network, and its implementation of biometric ID based on the 12-digit Aadhaar number, demonstrates that even the largest public sector companies can adopt a more agile approach and benefit from working with vendors such as ACI, which offer flexible, scalable payments technology.”

ADVERTISEMENT
News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

bob Digi Udyam
Finance

Bank of Baroda Launches ‘bob Digi Udyam’, a Quick, Collateral-Free Loans for MSEs

September 3, 2025
Ant International and Barclays
Finance

Ant International and Barclays Partner to Revolutionize Global Treasury Management with Advanced AI Technology

May 7, 2025
Fed StarBiz
Finance

Federal Bank, RuPay, and Visa Launch New Fed StarBiz Credit Card for Small Businesses

April 4, 2025
Magma and Hyundai
Finance

Magma General Insurance Collaborates with Hyundai India Insurance Broking (HIIB) For Vehicle Insurance

March 3, 2025
Ericsson FITT
Finance

Ericsson and IIT Delhi’s FITT unite on research partnership to enhance fintech innovation

February 13, 2025
IDFC Credit Card
Finance

IDFC FIRST Bank Launches FIRST EA₹N, UPI-enabled RuPay Credit Card

January 21, 2025
YES BANK Finance
Finance

YES BANK Unveils Finance Accelerator Program to Support Fintech Startups

January 17, 2025
Nium Qatar
Finance

Doha Bank and Nium Collaborate to Introduce Cross-Border Payments in Qatar

October 22, 2024
Load More
Please login to join discussion
ADVERTISEMENT

Latest Updates

TCS Launches Chiplet-Based System Engineering Services

TCS Launches Chiplet-Based System Engineering Services to Revolutionize Semiconductor Design

by News Desk
2 days ago

Quick Heal BHASHINI

Quick Heal Technologies Partners with BHASHINI to Enhance Cybersecurity Education in Regional Languages

by Deepa Sharma
3 days ago

Ransomware in Education

Ransomware in Education: Progress Made, But Challenges Remain for IT Teams

by Arshi Khan
3 days ago

Klaar

Klaar Launches in the U.S. with $5 Million in Funding to Enhance Performance Management

by News Desk
3 days ago

Ask Ralph

Ralph Lauren Unveils ‘Ask Ralph’, A New AI-Powered Shopping Experience for Style Inspiration

by Deepa Sharma
4 days ago

Exabeam

Exabeam Enhances Security Operations with Google Cloud Integration to Combat Insider Threats from AI Agents

by Deepa Sharma
4 days ago

Expert Views

Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Tokenization
Interview

Revolutionizing Finance: An Exclusive Interview with Sid Ugrankar, Co-founder of Qila.io on the Future of Blockchain and Tokenization

-
Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved