RBI asked banks to upgrade ATMs to prevent the following:
A. Skimming and cloning of debit cards
B. Skimming and cloning of credit cards
C. Both of the above
D. Neither of the above
Answer:C
RBI asked banks to upgrade ATMs to prevent the following:
A. Skimming and cloning of debit cards B. Skimming and cloning of credit cards C. Both of the above D. Neither of the above
Explanation: RBI asks banks to upgrade ATMs to prevent cloning of cards. RBI on May 26 directed banks to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards. Contact Chip processing of EMV Chip and PIN cards at ATMs would not only enhance the safety and security of transactions at ATMs but also facilitate preparedness of the banks for the proposed 'EMV Liability Shift' for ATM transactions