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POS industry wary of Aadhaar-enablement over cost, security issues

Mar 02, 2017 - ICT Monitor Worldwide

The demand for point of sale (POS) devices - which saw a spurt after demonetisation as people and merchants opted for cashless transactions - could be dented by the mandate to make them Aadhaar-enabled as this will push up costs and increase security risks, industry players said.

"One of the biggest challenges in making the POS machines Aadhaar-enabled is the high cost of adoption as well verifying its reliability. Tampering and skimming threats for merchants and processors of card data ar...