Rupay Cards – Authentication of online transactions via PaySecure online PIN Pad.

Well, the PIN Pad is not a physical instrument, it is a visual online i.e virtual Pin Pad.

Acculynk and National  Payments Corporation of India (NPCI) have announced an Internet PIN Debit Partnership, for Rupay Debit Cards.

Top 10 points’ of this tie-up

1. RuPay is a PIN (Personal Identification Number) - only based debit card. This means at POS Terminals, to execute a transaction a PIN is required.
   
   
2. Separate technology is required to integrate the PIN Based option for eCommerce. Towards this end, NPCI has partnered with Acculynk.
   
   
3. The same PIN number is valid for all ATM/POS/eCommerce transactions.
   
   
4. Now eCommerce Rupay Debit Card purchases will have the additional and mandatory safety of two factor authentication.
   
   
5. RuPay debit card was launched on 26th March 2012 with 4 Banks i.e State Bank of India, Bank of Baroda, Bank of India and Union Bank of India.
   
   
6. In the initial phase banks accepting RuPay Debit cards on their POS terminals are Axis Bank, Bank of Baroda, Corporation Bank and State Bank of India.
   
   
7. As on Feb 12, the number of POS Terminals the above Banks had are Axis Bank (1,98,297), Bank of Baroda (4558), Corporation Bank (14,480), State Bank of India (0).,
   
   
8. With Acculynk’s PaySecure®, online shoppers enter their PIN on a virtual PIN-pad at the merchant checkout, and only need their existing debit card and a PIN number to complete the transaction. There are no hardware devices, additional passwords, or redirection to another website for payment.
   
   
9. RuPay logo is already there on most of the ATMs in the country, and very shortly it will be visible in most POS Terminals across the nation.
   
   
10. It will take another couple of months, before you can obtain a Rupay Debit Card and start swiping it for transactions.