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RBI issues guidelines to improve customer protection norms

May 21, 2014

RBI issues guidelines to improve customer protection norms

In measures aimed at protecting banking consumers, the Reserve Bank is in the process of formulating strict guidelines to discourage lenders from mis-selling and to hold them accountable for all products they are offering. #RBI #NewsTracker #Credit card #Debit card #caveat venditor #Banking Codes and Standards Board of India #Deepali Pant Joshi #RBI Executive Director. caveat emptor #ATM cards #fair practices code #BCSBI codes #customer care services
Managing frauds: You must subscribe to banks' value-added SMS alerts

Dec 12, 2013

Managing frauds: You must subscribe to banks' value-added SMS alerts

But before you get confused about these charges, there are a couple of things you need to know. #RBI #Banks #Money Matters #Debit card #Savings account #SMS alerts
JPMorgan warns 465,000 card users on data loss after cyber attack

Dec 05, 2013

JPMorgan warns 465,000 card users on data loss after cyber attack

Cyber criminals covet such data because it can be used to open bank accounts, obtain credit cards and engage in identity theft. Many states require banks to notify customers if they believe there is any chance that such information may have been taken in a breach. #United States #JP Morgan #Credit cards #cyber attack #Debit cards
Forget debit cards, use cash: PIN mandate is not as safe as you think

Dec 04, 2013

Forget debit cards, use cash: PIN mandate is not as safe as you think

Here's the poser: the purpose of having credit and debit cards is to reduce the use of paper money. But this new requirement is making debit card use relatively unsafe for many. #Shopping #RBI #ATM #Debit cards #Pin
Now, a cover for card PIN-based frauds at retail outlets

Dec 03, 2013

Now, a cover for card PIN-based frauds at retail outlets

If you are not careful while punching the PIN into the card machine, your card is vulnerable to frauds. #Credit card #ATM #Debit card #Product Launch #PIN-based frauds

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Now, a cover for card PIN-based frauds at retail outlets

Jul 23, 2014

Bits Blog: Six Indicted on Hacking Charges Related to Hot StubHub Tickets

Authorities say an international criminal ring used stolen credit and debit cards to buy tickets to shows like “Book of Mormon,” and pocketed the money when they resold them...
Now, a cover for card PIN-based frauds at retail outlets

Jul 02, 2014

PF Chang's says breach was 'highly sophisticated criminal operation'

Restaurant chain P.F. Chang’s China Bistro says the theft of credit and debit card information from some of its restaurants earlier this year was “part of a highly sophisticated criminal operation.” But the chain, which only discovered the breach aft... #China #Secret Service
Now, a cover for card PIN-based frauds at retail outlets

Jul 02, 2014

Breaches exposed 1 in 7 US debit cards in 2013

Data breaches at retailers and financial services companies exposed 14 percent of all U.S. debit cards in 2013, according to a nationwide survey by a major ATM network operator. The figure is three times that of 2012 and comes as consumers are using ... #China #Secret Service