How Finahub enables Federal Bank to implement SmilePay ATMs

 

What Is SmilePay ATMs?

SmilePay is a groundbreaking application launched by the Federal Bank that redefines the payment landscape. It enables users to make payments simply by scanning their face, eliminating the need for physical payment instruments like cards or mobile phones. 

This means that all customers irrespective of whether they have debit card or not will be able to withdraw money from an ATM. SmilePay enables Federal Bank to extend ATM facilities to small value accounts such as Jandhan Accounts without having to bear the cost of issuing a Debt\ATM card.

How Does SmilePay Work?

SmilePay is built on top of Aadhaar Enabled Payment Service (AEPS) and Aadhaar Face Authentication Service. Federal Bank uses Finahub's FacePay Software Solution that provides BHIM AEPS Payment Switch that supports Aadhaar Face Authentication to enable payments using face authentication.

Federal Bank ATM's that supports Smilepay will have option in the menu to choose Pay with a smile. The customer will enter his/ her mobile number and the camera on the ATM scans the customer’s face, verifying their identity against stored facial data in the UIDAI system (Unique Identification Authority of India).
Once verified, the cash is dispensed from the ATM instantly, debiting the customer’s Aadhaar-seeded account.

SmilePay leverages the BHIM Aadhaar Pay platform powered by NPCI.

Benefits of SmilePay

Convenience: No need to carry physical cards or mobile phones to make a ATM withdrawal. The customer can just smile and withdraw money.

Security: Facial recognition is a biometric authentication method that ensures the physical presence of the account holder thereby eliminating frauds such as card cloning and OTP frauds.

Futuristic Experience: The whole transaction feels like something out of a sci-fi movie, but it’s real!

Implementation and Availability

Federal Bank Customers: SmilePay with ATM is available only for Federal Bank customers for now.

So, next time you’re at a Federal Bank ATM, don’t forget to flash your best smile—it might just be your key to a seamless cash withdrawal 

How Finahub helped Federal bank implement SmilePay?

Finahub's FacePay Software Solution enables Federal Bank to implement SmilePay and integrate the functionality with existing services. 

FacePay Software Solution consists of:

• BHIM AEPS Payment Switch
• Integrations with NPCI and UIDAI
• Certification with NPCI to enable BHIM AEPS  services
• Mobile SDK for integrated on Merchant App
• Support Kirana Store
• Supports Multi POS Stores
•  FacePay Console that supports
• MIS Reporting
• Transaction Logs
• Merchant Console
• Agent Administration
• Transaction Reports

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like online 

EKYC, Authentication, eSign, Aadhaar Data Vault etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

How Finahub made Smilepay possible for Federal Bank?

 

What Is SmilePay?

SmilePay is a groundbreaking application launched by the Federal Bank that redefines the payment landscape. It enables users to make payments simply by scanning their face, eliminating the need for physical payment instruments like cards or mobile phones. Imagine walking up to a counter, smiling, and completing a transaction—no cash, no cards, just your friendly face! 

How Does SmilePay Work?

SmilePay is built on top of Aadhaar Enabled Payment Service (AEPS) and Aadhaar Face Authentication Service. Federal Bank uses Finahub's FacePay Software Solution that provides BHIM AEPS Payment Switch that supports Aadhaar Face Authentication to enable payments using face authentication.

Federal Bank on boards merchants that can avail of SmilePay through the bank’s merchant app called FED MERCHANT that integrates the FacePay Merchant SDK. These merchants can initiate payment transaction by scanning the face of the customer.

The camera on the merchant’s mobile scans the customer’s face, verifying their identity against stored facial data in the UIDAI system (Unique Identification Authority of India).
Instant Payment: Once verified, the payment is processed instantly, debiting the customer’s Aadhaar-seeded account and crediting the merchant’s account maintained with Federal Bank.

SmilePay leverages the BHIM Aadhaar Pay platform powered by NPCI. Here’s how this integration works:

Biometric-Based Payments: SmilePay enables seamless, biometric-based payments between customers and merchants (P2M).

Merchant Authentication: Merchants must have their Aadhaar linked to their bank account and be certified for face authentication modality with NPCI.

Customer Requirements: Customers need a valid bank account seeded with Aadhaar and sufficient balance for successful transactions.

Benefits of SmilePay

Convenience: No need to carry physical cards or mobile phones to make a purchase and pay digitally. The buyer can just smile and pay!

Security: Facial recognition is a biometric authentication method that ensures the physical presence of the account holder thereby eliminating frauds such as card cloning and OTP frauds.

Futuristic Experience: The whole transaction feels like something out of a sci-fi movie, but it’s real!

Implementation and Availability

Federal Bank Customers: SmilePay is available for both Federal Bank customers and customers of other banks certified for face authentication modality with NPCI.
Input Parameters: Federal Bank customers can initiate transactions using their Mobile number/Aadhaar number/VID/ updated in their customer id with the bank. For other bank customers, the Aadhaar number/VID is the input parameter.

So, next time you’re at a Federal Bank merchant, don’t forget to flash your best smile—it might just be your key to a seamless payment experience! 

How Finahub helped Federal bank implement SmilePay?

Finahub's FacePay Software Solution enables Federal Bank to implement SmilePay and integrate the functionality with existing services. 

FacePay Software Solution consists of:

• BHIM AEPS Payment Switch
• Integrations with NPCI and UIDAI
• Certification with NPCI to enable BHIM AEPS  services
• Mobile SDK for integrated on Merchant App
• Support Kirana Store
• Supports Multi POS Stores
•  FacePay Console that supports
• MIS Reporting
• Transaction Logs
• Merchant Console
• Agent Administration
• Transaction Reports

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like online 

EKYC, Authentication, eSign, Aadhaar Data Vault etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

Securing Digital Identity: UIDAI’s Shift from L0 to L1 Fingerprint Devices

 

                              In the digital age, security is non-negotiable. The Unique Identification Authority of India (UIDAI) recognizes this and is leading the way in enhancing security protocols for Aadhaar-based  authentication transactions. With a steadfast commitment to end to-end encryption and stringent security measures, UIDAI is setting a new benchmark in biometric data protection.

The Need for Enhanced Security

                              UIDAI has recently mandated a transition from fingerprint Level 0 (L0) Registered Devices (RD) to the more secure fingerprint Level 1 (L1) RD. This upgrade represents a significant advancement in securing biometric data at its source, thereby preventing any potential misuse by third-party applications.

Understanding L0 vs. L1 Devices

                              The key difference between L0 and L1 devices lies in the processing of biometric data. In L0 devices, encryption and signing of biometric data occur on the host device after scanning. In contrast, L1 devices perform encryption and signing directly on the scanning device itself, ensuring that biometric data is secured before it even leaves the device.

Certification of L1 Devices

                                 The first batch of these robust L1 RD devices has been certified as of 30th October 2022, marking a significant step toward a more secure authentication ecosystem.

Transition Strategy

                                Currently, all fingerprint devices in the authentication ecosystem adhere to L0 standards. To ensure a smooth transition without disrupting existing systems, all deployed fingerprint L0 RD will be gradually phased out. By 30th June 2024, only fingerprint L1 RD will be authorized to perform Aadhaar-based authentications. This gives Authentication User Agencies (AUA) and KYC User Agencies (KUA) ample time to procure fingerprint L1 RD for their systems.

Continued Use of Iris Devices 

                               It’s important to note that iris devices, being relatively more secure, so all the Iris L0 RD will continue to function as present.

                              UIDAI’s move to fingerprint L1 RD devices is a clear indication of their dedication to enhancing digital security, and directions have already been issued to all AUA/KUAs to replace their old/deployed L0 RD with the new L1 RD.

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 

KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

Free Aadhaar Update Till December 14th, All You Need to Know

The Unique Identification Authority of India (UIDAI) has announced an extension to the free online update window for Aadhaar card details. Previously set to expire on September 14, 2023, individuals now have until December 14, 2023 to modify their address, name, date of birth, gender, mobile number, and email address without incurring any charges.

Keeping Your Aadhaar Updated: Why It's Important?

Updating your Aadhaar card details every 10 years keeps information accurate and ensures smooth access to essential services. Life events like marriage, relocation, or family changes necessitate updates. Additionally, children must submit all biometric data at age 15. Note that incomplete details, including only the year of birth, will be displayed during eKYC for users who haven't updated their Aadhaar.

By keeping your Aadhaar details updated, you enjoy the following benefits:

• Smoother access to services: Up-to-date information ensures seamless access to vital services like banking, government schemes, and mobile phone connections.

• Reduced errors and delays: Accurate data minimizes potential errors and delays during service provision.

• Enhanced security: Current information contributes to a more secure system, minimizing the risk of identity theft and fraud.

How to update the Aadhaar details online

1. Visit the Aadhaar Self Service portal on the official UIDAI website https://myaadhaar.uidai.gov.in

2. Log into the portal using your Aadhaar number. An OTP will be sent to the registered mobile number to authenticate the process.

3. Navigate to the document update section and review your existing details.

4. Upload scanned documents and input necessary demographic details .

5. Click the submit button and note down the Service Request Number (SRN) for future reference and tracking the update status.

This process facilitates the seamless updating of various details on your Aadhaar card. Notably, the option to update Aadhaar information free of charge is available until December 14, 2023. 

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 

KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

Aadhaar eSign now works with face authentication

 

The Unique Identification Authority of India (UIDAI) has announced a major advancement in its Aadhaar eSign service: the integration of face authentication for document signing. This innovative feature marks a significant step forward in user convenience, security, and accessibility.

Inclusive Accessibility: Beyond Mobile Numbers:

Gone are the days of waiting for one-time passwords (OTPs) and the barrier of needing a linked mobile number to sign documents. With face authentication, users can now instantly verify their identity and sign documents simply by positioning their faces within the camera frame. This removes the need for remembering passwords, waiting for messages, or having a linked mobile phone, resulting in a significantly faster, more convenient, and inclusive eSigning experience for everyone.

Cost-Effective Efficiency: Eliminating Hardware Dependencies:

Face authentication also eliminates the need for specialized biometric hardware devices, further streamlining the eSigning process and reducing costs. Previously, individuals and organizations needed to invest in these devices to utilize eSign services. Now, with the readily available camera on most smartphones and laptops, anyone can access and utilize the service seamlessly. This cost-effectiveness makes eSigning accessible to a broader range of users and organizations, driving further adoption and empowering a truly paperless environment.

A Seamless and Secure Experience:

The integration of face authentication simplifies the eSigning process by eliminating the need for additional authentication steps. Users simply upload their document, enter their Aadhaar number, and position their face within the camera frame. Upon successful verification, their eSignature is applied, and the signed document is readily available for download and sharing. This user-friendly design ensures a smooth and efficient eSigning experience for all.

Embracing the Future of eSigning:

The introduction of face authentication marks a significant advancement for Aadhaar eSign, establishing its position as a cutting-edge platform for secure and convenient digital signing. With its enhanced features and user-centric design, Aadhaar eSign empowers individuals and organizations to embrace the future of paperless transactions and unlock the full potential of the digital economy.

This is just the beginning. The integration of face authentication marks an exciting new chapter for Aadhaar eSign. We can expect further innovations and advancements in the future, ensuring a seamless, secure, and accessible eSigning experience for everyone.

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 

KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

Face authentication for doing Aadhaar EKYC

 

UIDAI has introduced a new authentication mechanism for doing Aadhaar EKYC. Face authentication. In which the physical face being scanned for verification and matches the one which was captured at the time of enrolment. As we found this an interesting development in the echo system, we pounced into the opportunity. We have been able to develop an android application that enables a KUA for doing Aadhaar EKYC using face authentication. The success rates were unbelievably high. We have received great response from all our customer banks about implementing face auth in production(Includes SIB, Ujjivan bank etc). Few banks like Kotak have the system in place already.

Currently there are three widely used authentication methods. They are OTP based authentication, fingerprint scan based authentication and iris scan based authentication.

OTP based KYC mode is really a seamless solution that can be done on any user device whether it is a laptop or mobile without the support of any other hardware module. But this solution will only work for customers who have their mobile number linked with the Aadhaar. Unfortunately the number of people that fall into this category is minimal as of now. Another thing to note is that OTP based KYC is considered as minimum KYC not a complete KYC.

Biometric KYC is indeed considered as full KYC. It does have a good amount of success rates also. Presence of an extra hardware module is essential for this mode to work. Either a fingerprint scanner or an iris scanner. This introduces an extra cost of procuring hardware modules for each customer touch point or branch.

UIDAI's newly introduced face authentication mechanism will enable the KUA to get past those limitations. It doesn't require any extra hardware module and it will work for every Aadhaar holder. Only thing required is a camera which is there in every smartphone and tab these days.

As per the press release from Ministry of Electronics & IT, face authentication is gaining a decent enough traction clocking 10.6 million monthly transactions this may. The UIDAI in-house developed solution is being used by few banks other than state and central government departments as of now. Capturing live images makes things hard for attackers trying to intrude using video roleplay and static photo authentication.  

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 

KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

How to Change Your PAN Card Address Using Aadhaar

 

Your PAN card is a vital document that you need for a variety of financial transactions. If you have recently moved, you may need to update your PAN card address. Fortunately, you can now do this easily using your Aadhaar card.

Here are the steps on how to change your PAN card address using Aadhaar:

1. Go to the UTI Infrastructure Technology and Service Ltd. portal.
2. Enter your PAN number, Aadhaar number, email ID, mobile number, GSTIN, and address update source.
3. Click on option one, Aadhaar Base e-KYC Address Update, to update the address with the help of your Aadhaar card.
4. Enter the captcha and agree to the terms and conditions.
5. Click on Submit.
6. A One Time Password (OTP) will be sent to your Aadhaar-linked email ID and mobile number.
7. Enter the OTP and click on Submit.
8. Once all the steps are followed, your residential address will be updated as per the details on your Aadhaar Card.
9. You will receive an email and text about the same on your registered contact details.

Here are some of the benefits of changing your PAN card address using Aadhaar:

• It is a quick and easy process.
• You can do it from the comfort of your own home.
• You do not need to submit any physical documents.
• You can be sure that your address is updated accurately.

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 
KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]