security steps for cashless trasaction

security steps for cashless transaction

Our government have decided to make corruption free India , black money free India , terror free India , terror funding equivalence between rich and poor , developed country , superpower in the world so there was a need of bold decision to be taken by PM MODIJI and ,on november 8 ,2016 decision was taken of banning big currency notes of 500 and 1000 ₹ from economy and decided to make our economy become digitised , cashless economy in coming future . so must read this to become safe in cashless economy India.

cashless economy is future so all Indians must know how to become active part in cashless economy . when a transaction is done without using physical currency notes as cash to make payments or to receive payment for the transaction he have done in any digital medium from UPI  apps , online transfer , netbanking , wallets payments , mobile banking or any other digital medium is referred as cashless transaction . now people have to use cashless transactions more than using cash payments as there are many options in India to make digital payment or to do digital transaction like wallets  , mobile banking , online transfer and app based payments so they  may become confused in choosing the best and most secured way to make online payments . in India almost half of the economy is connected in agricultural sector so the biggest plan must to connect all these citizens to digital banking . 

in India as on scheme of  "jan dhan yojna"  approx  25-30 crores banks accounts are being opened that have covered the poor and middle class people more to connect with bank. now the thing is that what method we should chose to become digital ? . as bank is now being connected to almost 70 % of our citizens so all they have to do is visit there bank branch and need to understand the cashless transaction . banks is providing debit/atm cards , credit cards . passbook of their account , password for plastic money .

•  people with the access of smartphones should download bank applications that is available for android , windows , ios  smartphones that is developed and  is original and verified app from bank .the app must be valid and authorised from bank ,bank will promote the app in all its branch people visit nearest bank branch and from there bank authorities will help you to download correct app .

• people should connect there bank account with aadhar cards or should link aadhar with bank account , as aadhar card is having our access , aadhar card is directly connected to our eye , fingerprint and our valid contact . aadhar card will allow bank to cross check customer directly and aadhar based payment is much faster . 

• government have  introduced UPI system {unified payment system } that is being maintained by bank itself  . UPI is a smartphone app that is now available in all mediums like android an ios . UPI  app is a complete bank for there customer , bank facilities like form money transfer , payment option , wallet for bank , passbook for bank account , mobile banking and many more features available for different banks .once UPI is downloaded ,

security steps 

•   check your payment system is updated , if not you need to update it soon as possible as new updated payment system is more secure and safe to  use , it will provide some new features , new policies , new security patches . new and updated system is fully encrypted and is full proof secure from most attacks . there are many methods to pay cashless so it is how you use accept cashless transaction from your customer and how you pay to customer . many of the shopkeepers are now having swipe machines that are being provided by banks to the authorised and valid firm . swipe machines are secure but one needs to learn it properly . transaction done by  swipe machine will print two receipts one is for merchant and other is for customer so customer should take the receipt and keep it safe as bank details are printed on it but are blurred .  

• when paying using wallets or mobile banking like bank app based payment , you should now check the amount to be paid and type the correct amount , enable OTP in wallets and apps  based transactions so otp will make transaction double secure . after payment done check the transaction message is received or not ,one transaction is completed close the app . don't pay any amount to any unknown source . 

• in today's   social media culture , people are mostly busy  in social media . whatsapp , facebook , twitter , snapchat , etc , people should be aware of fake links that are being forwarded from some people and people blind folded believe in that link so as the result , they are being trapped in  a cyber crime . in a simple , one who click link like http://free-paytm.xyz.com or http://wishfreeamazonmobile.com  that's url is similar to original one so people believe in  that and click it . once click , website will ask permission for cookies and java . once permission given , website will promote a add on popup like  winner of money prize or  winner of some gadget . some people even follow the link and in some greed they click the popup that install some script in there device and final will ask full details of that person from name to bank a/c number  and will ask to message them his /her 's full account and address  via a mail and once they get mail , the website will send the password and details typed in keyboard to there server from the accessed one's device and the culprits will now do the crime .

now, seven security steps to stay online secure ...

1. don't provide card details to  merchant to use ,to copy to keep
2. don't provide password or otp to anyone
3. login securely before transaction
4. make payment by double checking of amount
5. don't swipe card in faulted machine , never pay to any unknown source
6. use antivirus or internet security regularly
7. don't respond to any bank fake calls , messages , unknown person .

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