Canara Bank Becomes The First Public Sector Bank In India To Meet RBI’s EMV Mandate

ACI Worldwide, a global provider of real-time electronic payment and banking solutions, announced that 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, 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.

Source: MoneyControl

Find More Banking News Here

Read This News in Hindi

Leave a comment

Your email address will not be published. Required fields are marked *