RBI's new rules for debit and credit cards; move aimed at improving convenience, security of transactions
RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of the card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card, the RBI said.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts
On 5 March, the RBI in consultation with the government put a moratorium on Yes Bank till 3 April, citing serious financial mismanagement at the private sector lender.
RBL Bank and Zomato on Monday launched a co-branded credit card, powered by Mastercard, in a bid to tap the potential of online food delivery market which has been expanding beyond big cities
The latest instructions, however, are not mandatory for prepaid gift cards and those used at mass transit systems, the RBI added.
The Reserve Bank of India (RBI) has asked banks to ensure customers’ debit and credit card data is secure and investigate reports that say data of 1.3 million accounts was available online, a notice seen by Reuters showed
The source of the breach is yet unknown but the data analysis have found Track 2 data in the card dump.
An industry official said the oil companies have decided to discontinue the discount on all credit card payments from 1 October.
State Bank of India aims to eliminate debit cards; Yono cashpoints scaled up to facilitate cardless payments
SBI has set up 68,000 'Yono cashpoints' and is in the process of scaling it up massively to over 1 million in the next 18 months
Banks provide a certain number of free transactions at ATMs to their customers and beyond that impose charges
The average person could be consuming 1,769 particles of plastic every week from water alone.
It will let users make contactless payments without needing to input a pin or offer a signature.
Tokenisation of card payments can simplify and secure financial transactions, services for merchants, consumers
Tokenisation is a process aimed at increasing the security and safety of payment systems by replacing the card details with a unique alternate payment ID or code termed as a ‘token'.
Personal loan: Don’t borrow blindly; consider these factors before approaching a lender as carelessness will cost you
Getting a personal loan has become much easier than it was a couple of years ago. But along with being easily accessible, personal loans can be tricky if you don’t know them well.
Airtel Payments Bank has tied up with a cloud-based payment solution provider, Empays, for the service.
We would most certainly not want Facebook anywhere near our financial records.
Govt proposes easing local data storage rules for foreign payment firms after intense lobbying by US firms
Easing the proposal would be a relief for firms including MasterCard, Visa, and American Express, which fear the country's data onshoring move could cost them millions of dollars and set a precedent for other major governments to implement similar rules at a time when there is heightened scrutiny of how companies globally handle their customers’ data.
Apple is working with financial giant Goldman Sachs on a credit card that would carry the iPhone maker's digital wallet logo, according to a report
Some of the major factors which make and break a credit score are – credit history, credit balance, payment history, and recent new credits and so on.
Mauritian President Ameenah Gurib-Fakim resigns amid allegations of corruption, days after refusing to step down
Mauritius President Ameenah Gurib-Fakim, who has been embroiled in a financial scandal, resigned on Saturday, her lawyer said