Nandan Nilekani’s #Aadhaar faces fight from a team of Europay, Mastercard & Visa #UID


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By Sugata Ghosh, ET Bureau | 17 Jun, 2013,
Nandan Nilekani‘s Aadhaar project faces fight from a team of Europay, Mastercard & Visa
MUMBAI: This could be a sign of what the future holds for Aadhaar. Amid an alarming rise in credit card frauds, data thefts and card cloning, a group of bankers will decide in a month the appropriate payment technology for the Indian banking system and retail consumers.
If the group votes for EMV – an internationally accepted technology standard for authenticating credit card, debit card and ATM transactions – Aadhaar, which is comparatively untested and follows a different technology, may face an uncertain future. EVM is a joint initiative between Europay, Mastercard and Visa – the world’s leading payments service providers.
Credit and debit cards that are based on EMV have the card and CVC numbers, which are the key to any electronic transaction, hidden or encrypted. Since encrypted data reduces the risk of cloning or skimming at ATMs and merchant outlets, some of the private banks have started upgrading their systems to EMV standards following recent card frauds.
But, if the group, constituted by the Reserve Bank of India, prefers Aadhaar, banks will have to change their systems, procure biometric machines and prepare for different security standards. Bankers, however, are reluctant to spell out their stand openly because the government thinks Aadhaar can be a game changer in disbursing subsidies to people in far-flung regions.
Besides, banks, particularly the state-owned lenders, are unwilling to take on Nandan Nilekani, the former InfosysBSE 1.05 % CEO who heads the Unique Identification Authority of India (UIDAI), the state-owned agency that issues the 12-digit Aadhaar numbers.
“Mr Nilekani is pursuing Aadhaar with RBI. He has a standing and has political backing,” said a person familiar with the discussions.
Transition Could Take Some Time
“So, while many banks are in favour of EMV due to rising incidents of frauds, they are quiet, waiting for the committee to submit its report, which is expected by early July,” said the person. If the committee recommends Aadhaar for banks, it will be a victory for UIDAI. Banks will then have to use Aadhaar for not only customer authentication, but also for payments. But even if banks are mandated to implement Aadhaar, the transition could take time and a slice of the market will move back to cash. So, it will be some years before Visa and Mastercard feel the threat.
Indian banks’ payments technology for retail customers is currently at crossroads. ATM transactions are processed through the state-backed National Payments Corporation, which is being positioned as an umbrella organisation for processing all retail payments, while credit and debit card transactions are processed by multinationals like Visa and MasterCard. National Payments Corp, headed by Nilekani’s former boss NR Narayana Murthy, is unable to support EMV at present for its network and will have to change its standards if EMV is implemented by banks.
“What’s drawing banks towards EMV — and many Asian banks have already migrated to it — is the vulnerability of the magnetic stripe technology that’s used for credit and debit card transactions today. Micro devices can be planted in ATMs machines to copy the magnetic stripe and scan the PIN to clone cards. This is not possible in EMV where the data is encrypted,” said a banker.
Highlighting the monopolies in the industry being created, the Financial Sector Legislative Reforms Commission (FSLRC) has recommended the Competition Commission to look into the subject. Meanwhile, the RBI governor has set up a committee to come out with a discussion paper on Aadhaar as an additional factor of authentication for card transactions. While Aadhaar can be used for authentication and KYC purposes, the regulator would like a final answer on whether it can be used for payments.

 

 

 

 

What politicians can learn from apps like angry birds #sundayreading


 

2 DEC, 2012, 06.58AM IST, ET

Strange as it may sound, Angry Birds, freemium and other ideas from the app world can change politics

Strange as it may sound, Angry Birds, freemium and other ideas from the app world can change politics
Alok KejriwalThink of Barack Obama and Mitt Romney as apps. Clearly, Obama was “downloaded” (as in voted) many more times than Romney was. When the final downloads were totalled, Obama came on top and Romney was second. As a guy who makes mobile games for a living, I see a spectacular correlation between apps and politicians. Read on to enjoy my bizarre thesis and learn a thing or two about apps!

Be Like An Android

The least corrupt countries in the world are iTunes and Android. Why do I say that? It’s based on the way they function and how they allow their citizens called apps to live and thrive. Genuine citizens aka mobile apps go about their business (of getting discovered and downloaded) without intervention, rules, regulations, conditions and favours. For example, think of the game Angry Birds. Even if you haven’t played it, I bet someone close to you has.

Now consider how Angry Birds got downloaded. Angry Birds did not bribe iTunes or Android for “permissions” and “contracts” to do business and become popular and profitable. Angry Birds did not “acquire licences” at throwaway prices. Because to operate as an app in the app world, you don’t need a licence. All that Angry Birds did was to adhere to a standard code of conduct and dedicated itself to being creative and innovative!

The lesson politicians can learn from this is that self-regulating, non-intrusive and massively scalable economies such as iTunes and Android can exist and thrive. By killing rules, regulations, licences and permissions, model citizens can truly focus on inventing things, rather than on navigating the sticky cobwebs of politics.

The App World is Flat

There are no reservation quotas on app stores. You may be the son of Darth Vader or the illegitimate child of a politician of Uttar Pradesh or a farmer from Bihar, when you submit yourself on the app stores you are treated at par with everyone else.

No app gets preferential treatment. No officer from Apple calls the manager of iTunes “to move the file quickly”. Sure, if Angry Birds submits new apps, they do get noticed faster. But that’s like Viswanathan Anand asking for an urgent passport renewal so that he can go and thrash the Russians all over again. I doubt any Indian would grudge him that.

Politicians can get things done and that power is granted to them to be used for mass benefit — not for singular use. What politicians can learn from Angry Birds is that 1 billion people have downloaded the game (almost the population of India), without special status or being the son-in-law of someone. When good things are exposed, magic happens. In the same way, politicians must understand that the ordinary can become extraordinary, on its own merit!

 

“Anonymous takes down Modi” – Time Poll 2012 to 6th position, HOW ?


If we reduce No votes from Yes Votes , Modi came down to 6th Position now
 Narendra Modi recieved  More No Votes than Yes votes today is last day of poll, April 6th 2012.

Anonymous is a world wide community currently acting against SOPA/PIPA/ACTA, All their acts were based on peer pressure
They have not ” HACKED” the time webiste and poll as beinga Alleged by Narendra Modi supporter.

ZIMPLE logic

The  Anonymous Facebook  Page- https://www.facebook.com/OffiziellAnonymousPage,  have 440K fans, and not a single announcement, appeal to vote for TIMES POLL.

Similarly their twitter Handle  @anonops has 302,456 Followers and officially they are not promoting and if they were then they ought to get at least 20 Lakhs votes by now. So its all SUPPORT.

   “Anonymous takes down  Narendra Modi” headlines, 

Anonymous                     358300                              22626
Narendra Modi                  240171                               147742

The faceless distributed hacker group who initiated Denial of service attacks on Companies who worked against
Internet Democracy . They took down visa , master card, amazon and paypal websites as a visible example of peer protest against their undemocratic practices .

Age: Indeterminate

Occupation: Shadowy, loose-knit cadre of hackers

Anonymous isn’t a person. It’s not even a group of people in any well-defined sense. But if you tick off the thin-skinned, ad hoc network of hackers who collaborate under the Anonymous moniker, get ready for trouble. Members have reportedly attacked sites ranging from the Vatican’s to those of major companies such as PayPal and Sony; they apparently released 75,000 credit-card numbers belonging to customers of research firm Stratfor. Arrests of dozens of suspected participants in multiple countries haven’t shut down the leaderless organization.

Get your r democratic clickin finger going,
 Time to tell the old mainstream, who will be the new mainstream. 

ANONYMOUS IS NUMBER 8 , LET US REPLACE MODI at no 1 ,

24 HOURS AND TICKING ;-), The poll CLOSES APRIL 6TH 2012

CLICK TO VOTE FOR ANONYMOUS HERE

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