YES BANK part­ners with Last­ for IRIS and EMV ready pay­ment so­lu­tion

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YES BANK, an In­dian pri­vate sec­tor bank has part­nered with Last­ to in­tro­duce the IRIS EMV PoS (Point-of-Sale ter­mi­nal) so­lu­tion which in­te­grates Card & UPI pay­ments, Aad­haar E-KYC and Aad­haar E-sign­ing on a ready to use ba­sis. This is a so­lu­tion to im­ple­ment the In­dia Stack in line with the Dig­i­tal In­dia ini­tia­tives of the Govern­ment of In­dia. The launch comes close on the heels of RBI Cir­cu­lar is­sued on Septem­ber 29, 2016 ad­vis­ing banks on us­ing Aad­haar-based bio­met­ric au­then­ti­ca­tion for card present trans­ac­tions. This de­vice al­lows bio­met­ric au­then­ti­ca­tion through IRIS scan­ning. The in­te­grated so­lu­tion uses Qual­comm Snap­dragon pro­ces­sors, a prod­uct of Qual­comm Tech­nolo­gies, Inc., a sub­sidiary of Qual­comm In­cor­po­rated, for their ad­vanced con­nec­tiv­ity ca­pa­bil­i­ties. By us­ing the pro­cess­ing and se­cu­rity fea- tures in­te­grated in Snap­dragon pro­ces­sors, the de­vice is de­signed to be able to pro­vi­sion the en­tire POS over the air, meet­ing the strin­gent PCI PIN reg­u­la­tions. www.dqin­ 15

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