How Morpho Device is used for AEPS Service?
Morpho devices can be used for Aadhaar Enabled Payment System (AEPS) services, which is a payment system that uses Aadhaar biometric data for authentication. AEPS allows customers to access banking services like cash withdrawals, balance inquiries, and fund transfers using their Aadhaar number and biometric data. Morpho devices are used to capture the customer’s biometric data, which is then matched with the Aadhaar database to verify the customer’s identity. The customer’s bank account is linked to their Aadhaar number, and transactions can be initiated using the Morpho device. To use AEPS with a Morpho device, the customer inserts their Aadhaar number and selects the type of transaction they want to perform, such as a cash withdrawal. They then place their finger on the Morpho device to capture their biometric data, which is matched with the Aadhaar database to verify their identity. If the verification is successful, the transaction is processed, and the customer can withdraw cash or perform other banking services. Morpho devices are designed to be fast and accurate, making them well-suited for AEPS services, which require quick and reliable biometric authentication. However, it’s important to ensure that the device is properly configured and maintained to ensure accurate and secure transactions.