{"id":1469,"date":"2014-12-22T15:22:46","date_gmt":"2014-12-22T15:22:46","guid":{"rendered":"http:\/\/faceinews.com\/?p=1469"},"modified":"2014-12-22T15:22:46","modified_gmt":"2014-12-22T15:22:46","slug":"rbi-working-remove-2-step-security-small-online-transactions","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=1469","title":{"rendered":"RBI working to remove 2-step security for small online transactions"},"content":{"rendered":"<div><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2014\/12\/RBI-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1470 aligncenter\" alt=\"RBI-1\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2014\/12\/RBI-1-300x146.jpg\" width=\"300\" height=\"146\" srcset=\"https:\/\/www.faceinews.com\/wp-content\/uploads\/2014\/12\/RBI-1-300x146.jpg 300w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2014\/12\/RBI-1.jpg 472w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>2-step check is currently required to confirm the security of all small value transactions (including those involving credit cards).<\/div>\n<div><\/div>\n<div>India`s central bank currently requires online transactions undergo a two-step verification process.<\/div>\n<div><\/div>\n<div>Now, The Reserve Bank of India is working on a system that would allow small value electronic transactions without a second level of verification.<\/div>\n<div><\/div>\n<div>This was informed by Deputy Governor H.R. Khan said on Friday.<\/div>\n<div><\/div>\n<div>Mr Khan said the central bank was likely to come up with a structure in two months while speaking to reporters on the sidelines of an event.<\/div>\n<div><\/div>\n<div>Global e-commerce companies such as Uber Technologies Inc had sought to avoid the two-step process by routing online payments through an offshore server.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>2-step check is currently required to confirm the security of all small value transactions (including those involving credit cards). India`s central bank currently requires online transactions undergo a two-step verification process. Now, The Reserve Bank of India is working on a system that would allow small value electronic transactions without a second level of verification. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-1469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/1469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1469"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/1469\/revisions"}],"predecessor-version":[{"id":1471,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/1469\/revisions\/1471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/1470"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}