{"id":1017756,"date":"2026-06-30T09:10:25","date_gmt":"2026-06-30T03:40:25","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1017756"},"modified":"2026-06-30T09:27:06","modified_gmt":"2026-06-30T03:57:06","slug":"speed-safety-tightrope-banks-back-rbi-fraud-curbs-but-seek-digital-payment-flexibility","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/30\/speed-safety-tightrope-banks-back-rbi-fraud-curbs-but-seek-digital-payment-flexibility\/","title":{"rendered":"Speed-safety tightrope: Banks back RBI fraud curbs but seek digital payment flexibility"},"content":{"rendered":"<p>India\u2019s banking industry is backing the Reserve Bank of India\u2019s (RBI) efforts to strengthen safeguards against digital payment fraud, but lenders say the proposed measures must strike a balance between customer protection and the fast-growing real-time payments ecosystem. <\/p>\n<p>Bankers believe the central bank\u2019s proposals\u2014including a mandatory cooling-off period for certain high-value digital transfers and additional authentication for senior citizens\u2014could reduce instances of authorised push payment (APP) fraud, where customers are manipulated into voluntarily transferring money to fraudsters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s banking industry is backing the Reserve Bank of India\u2019s (RBI) efforts to strengthen safeguards against digital payment fraud, but lenders say the proposed measures must strike a balance between customer protection and the fast-growing real-time payments ecosystem. Bankers believe the central bank\u2019s proposals\u2014including a mandatory cooling-off period for certain high-value digital transfers and additional authentication for senior citizens\u2014could reduce instances of authorised push payment (APP) fraud, where customers are manipulated into voluntarily transferring money to fraudsters.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83,4,22],"tags":[],"class_list":["post-1017756","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1017756"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017756\/revisions"}],"predecessor-version":[{"id":1017771,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017756\/revisions\/1017771"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1017756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1017756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1017756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}