Auto Pay will require OTP
I think Govt has accepted another one of LocalCircles ask. Banks & networks like HDFC, SBI, ICICI, Axis, Mastercard, Amex to decline all auto pay transactions from April 1.
But this is being done for India based vendors. Not sure about foreign vendors. more
It's not a bad idea. Such measure gives an opportunity to take corrective measures incase any one does a mistake with no intent. It may benefit users only. more
I am not clear if this requirement for authentication will apply to CC/ DC auto pay or will it also be extended to auto facility initiated from online banking also? Can some one please clarify? more
Earlier AP has done directly without any intimation to vendors now each transaction had been taken consent before processing the same more
Excellent. Irrespective of vendor's location, this needs to be implemented. more