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Rural people can now pay their utility bills from 1.66 lakh common service centres

Jun 15, 2016

Rural people can now pay their utility bills from 1.66 lakh common service centres

The CSCs have been opened in villages for the delivery of various electronic services like online ticket booking, Aadhaar enrolment, etc #rural india #Ravi Shankar Prasad #Credit cards #Debit cards #CSCs #Bharat Bill Payment Operating Units #common service centers
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
Debit card frauds: here's how merchants goof up

Sep 26, 2013

Debit card frauds: here's how merchants goof up

it is easier to use these cards at a merchant establishment, or point of sale (POS) terminal, than using them for online shopping. At a POS, all you have to do is give your card to the merchant, which he swipes over an electronic data capture, or swipe machine. But is it safe? #Shopping #Debit cards #Swipe #retail merchants #retail purchases #swipe machine
Consumerism at its peak: Average credit card spend jumps 42%

Jul 23, 2013

Consumerism at its peak: Average credit card spend jumps 42%

Thanks to the zero-interest EMI option not only have the number of credit card defaulters fallen, but consumerism is at its peak too with the average credit card spend per month jumping 42 percent in the last two years.

#Banking #Credit cards #PersonalFinance #Debit cards #Consumerism
All you need to know about Amex's new card for middle income group

Jun 21, 2013

All you need to know about Amex's new card for middle income group

Unlike many other American Express cards, this card comes with an expiry date for reward points redemption, which is three years #Credit cards #ProductLaunch #Debit cards #American Express #Amex card
Impose limit on global transactions of cards, RBI tells banks

Mar 01, 2013

Impose limit on global transactions of cards, RBI tells banks

In order to check frauds, the RBI has asked banks to impose monetary limit for international transactions on credit and debit cards and refrain from issuing cards with global access unless specifically sought by the customer. #Credit rating agency #RBI #Fraud #PolicyWatch #Debit cards
RBI tightens norms: Banks can't issue offline debit cards anymore

Dec 13, 2012

RBI tightens norms: Banks can't issue offline debit cards anymore

Banks which are now issuing offline debit cards may conduct a review of their offline debit card operations and discontinue operations of such cards within a period of six months #WhyNow #RBI #Debit cards
RBI asks banks to consider issuing debit cards with photograph

Dec 12, 2012

RBI asks banks to consider issuing debit cards with photograph

To prevent the use of stolen cards, the RBI today asked banks to consider issuing debit cards with photographs of the cardholders on them. #RBI #Banks #PolicyWatch #Debit cards #Photograph
How you could lose money through shoulder surfing

Sep 21, 2012

How you could lose money through shoulder surfing

One way to escape the eyes of the fraudster is by using your other hand to cover the hand that punches the PIN in the machine, so that nobody will be able to see or even guess what the number is. #ATM #PersonalFinance #Debit cards #ShortPoints #Pin