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]