Unique Identification Authority of India (UIDAI) approved authentication based on facial recognition in combination with fingerprint or iris scan for Aadhaar users. The facial recognition-based authentication will come into act from ______?a)1st July 2018b)1st March 2018c)1st June 2018d)1st September 2018e)1st December 2018Correct answer is option 'A'. Can you explain this answer?

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a)
1st July 2018
b)
1st March 2018
c)
1st June 2018
d)
1st September 2018
e)
1st December 2018

Correct answer is option 'A'. Can you explain this answer?

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Unique Identification Authority of India (UIDAI) approved authenticati...

Unique Identification Authority of India (UIDAI) approved authentication based on facial recognition in combination with fingerprint or iris scan for Aadhaar users. This move will benefit persons who have difficulty with other biometric authentications like fingerprint and iris. The facial recognition-based authentication will come into act from 1st July 2018. The facial recognition-based authentication will be allowed only in fusion mode combined with fingerprint or iris or OTP (One Time Password) to authenticate Aadhaar user. Also, this facial recognition based-authentication will be permitted “on need basis”. Since photos of users are already available in the UIDAI database collection of new data is not required.

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In Ladakh, Cooperative Banking Service with Micro ATMs where both deposition and withdrawal of cash can be availed by the users will be introduced in far-flung areas. Micro ATMs are card swipe machines through which banks can remotely connect to their core banking system. This machine comes with a fingerprint scanner attached to it. In other words, micro ATMs are handheld point of sale terminals used to disburse cash in remote locations where bank branches cannot reach. Micro ATMs are similar to point of sale (PoS) terminals and are a doorstep mobile banking arrangement cum-mobile ATM device. Bank will assign a correspondent who will sign up customers in remote areas after verifying their identity (fingerprint can be used as an authentication tool for rural peopl e). The fingerprint and personal details may also be linked to the Aadhaar Card, which will then serve as the ID proof required to withdraw money.Background: In the aftermanth of demonetisation event, Government of India introduced micro ATMs to ensure people can withdraw money.Advantages The cost of deployment of a micro ATM is lesser than that of an ordinary ATM. ATMs need at least 80-100 transactions a day to be viable as they costs several lakhs. A micro ATM costs less than Rs 20,000. It is portable Micro ATM has connectivity through GSM, hence it can travel from village to villageDisadvantages: Micro ATM cannot provide anytime money. Hence if the bank correspondent is unavailable or the shop keeper has shut his shop, the account holder will not be able to undertake any financial transaction. Hence both statements are correct.

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Unique Identification Authority of India (UIDAI) approved authentication based on facial recognition in combination with fingerprint or iris scan for Aadhaar users. The facial recognition-based authentication will come into act from ______?a)1st July 2018b)1st March 2018c)1st June 2018d)1st September 2018e)1st December 2018Correct answer is option 'A'. Can you explain this answer?

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Unique Identification Authority of India (UIDAI) approved authentication based on facial recognition in combination with fingerprint or iris scan for Aadhaar users. The facial recognition-based authentication will come into act from ______?a)1st July 2018b)1st March 2018c)1st June 2018d)1st September 2018e)1st December 2018Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Unique Identification Authority of India (UIDAI) approved authentication based on facial recognition in combination with fingerprint or iris scan for Aadhaar users. The facial recognition-based authentication will come into act from ______?a)1st July 2018b)1st March 2018c)1st June 2018d)1st September 2018e)1st December 2018Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Unique Identification Authority of India (UIDAI) approved authentication based on facial recognition in combination with fingerprint or iris scan for Aadhaar users. The facial recognition-based authentication will come into act from ______?a)1st July 2018b)1st March 2018c)1st June 2018d)1st September 2018e)1st December 2018Correct answer is option 'A'. Can you explain this answer?.

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