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FSS to support Indian cashless payment initiative

Friday 14 April 2017 | 02:17 PM CET

FSS, an India-based provider of ATM and payments services, has launched FSS Aadhaar Pay to support the digital payment initiatives of the Indian government.

The system allows merchants to accept payments through the customer's Aadhaar-linked bank account without a physical payment instrument. The solution is supported with biometric data encryption and SSL keys to prevent identity theft and fraud.

Merchant can transact through FSS Aadhaar Pay via smartphone, biometric-enabled point-of-sale device or micro ATM. The system also allows merchants to generate digital invoices and offer loyalty and reward benefits.

Aadhaar is a unique, 12-digit identification number issued by the government to every resident of India.

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