New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    What feature of the "Flash Pay" RuPay smart key chain

    launched by Federal Bank emphasizes enhanced security for contactless payments?
    A Biometric authentication for every transaction. Correct Answer Incorrect Answer
    B The inclusion of a GPS tracker within the key chain. Correct Answer Incorrect Answer
    C Tokenization and encryption of payment information. Correct Answer Incorrect Answer
    D Mandatory two-factor authentication for transactions above Rs 1,000. Correct Answer Incorrect Answer
    E Real-time alerts for transactions exceeding Rs 2,500. Correct Answer Incorrect Answer

    Solution

    The "Flash Pay" RuPay smart key chain by Federal Bank incorporates enhanced security features like tokenization and encryption of payment information. This approach ensures that each transaction is secure, safeguarding users' financial information in the increasingly prevalent contactless payment ecosystem.

    Practice Next

    Relevant for Exams: