Debit Cards
-
New rules for debit, credit cards kick in with tokenisation from today | FULL DETAILS
Business | Oct 01, 2022, 12:58 PM ISTDebit credit cards tokenisation: On September 30, RBI said about 35 crore cards have been tokenised and the system is ready for the new norms which will set in from October 1. The number of tokenised cards had gone up from 19.5 crore tokens created in June, according to data shared by RBI earlier.
-
RBI wants you to memorise all your debit, credit card numbers, expiry and CVV | Here's why
Business | Aug 22, 2021, 02:37 PM ISTIf the Reserve Bank of India (RBI) revises the guidelines from January 2022, then the customers with debit cards and credit cards will need to punch in their 16-digit card number every time they proceed to make a transaction.
-
Paytm Bank to now issue Visa debit cards
Business | Mar 18, 2020, 12:04 PM ISTThe bank, known for introducing neo-banking in the country, is already the largest issuer of RuPay Debit Cards and has the fastest growing bank account base. Paytm Payments Bank will issue Visa virtual debit cards to its customers, which will enable them to transact at all merchants accepting payments through cards.
-
Millions of credit, debit cards with CVV up for sale on dark web; ALERT sounded
Business | Feb 10, 2020, 09:50 AM ISTAccording to reports, the card records were uploaded on the cardshop on February 5. Moreover, the total estimated value of the database according to Group-IB is USD 4.2 million and this is not the first time that Group-IB has detected a fraud concerning the Indian payment cards.
-
RBI directs banks that credit, debit card users can enable, disable
Business | Jan 16, 2020, 07:30 AM ISTTo improve user convenience and increase the security of card transactions,the Reserve Bank of India (RBI) has asked all banks to give card users, credit and debit, the facility to enable/disable their cards for different types of use.
-
SBI plans to eliminate Debit Cards to promote Yono for digital payments
Business | Aug 20, 2019, 01:32 PM ISTSBI has said that it wants to end 90 crore Debit Cards that is in circulation to promote digital payments like Yono platforms.
-
7 ways to protect yourself from credit, debit card frauds
Mar 06, 2019, 03:45 PM ISTCloning machines at various restraunts can capture the entire data of your card. There are ways you can protect yourself from such frauds.
-
Data breach hits 10,000 PNB credit, debit card customers, says report
Business | Feb 22, 2018, 10:53 PM ISTSome 10,000 credit or debit card holders have been affected by a data breach reported by PNB, which is already reeling under a multi-crore rupee financial fraud by two fugitive luxury jewellers.
-
Govt to reimburse merchant discount rate on transactions up to Rs 2,000 through debit cards, BHIM UPI
Business | Dec 15, 2017, 06:34 PM ISTThe merchant discount rate (MDR) will be borne by the government for two years with effect from January 1, 2018 by reimbursing the same to the banks.
-
Debit, credit cards, ATMs will be redundant in 4 yrs: Niti CEO Amitabh Kant
Business | Nov 11, 2017, 09:47 PM ISTNiti Aayog CEO Amitabh Kant on Saturday said that debit and credit cards as well as ATMs will be redundant in next three-four years and people will use their mobile phones for financial transactions.
-
Rise in cashless payments post note ban, 60 pc made through debit cards
Mar 27, 2017, 08:06 AM ISTIt seems that Prime Minister Narendra Modi’s vision of “cashless India”, of which currency demonetisation was the first strike, is on the right path.
-
32 lakh debit cards breach: Malware compromised systems in mid-2016, admits Hitachi
Feb 09, 2017, 04:49 PM ISTIndia’s biggest ever security breach of over 32 lakh debit cards of various banks in 2016 now has some closure. Hitachi Payments Services on Thursday acknowledged that the malware that compromised the cards had infected
-
No MDR levy on customers for card payments at petrol pumps: Govt
Jan 09, 2017, 04:19 PM ISTPetrol pump owners tonight deferred till January 13 their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction (MDR) charge.
-
Veerappa Moily-led Parliamentary panel to look into biggest-ever debit card data breach
Nov 06, 2016, 10:06 AM ISTVeerappa Moily-led Parliamentary panel to look into biggest-ever debit card data breach
-
Over 6 lakh SBI customers to get new debit cards soon. Know the details here
Oct 30, 2016, 01:02 PM ISTOver 6 lakh SBI customers to get new debit cards soon. Know the details here.
-
‘Use bank’s own ATM network as pro-active measure’: SBI’s advice for its customers
Oct 21, 2016, 05:14 PM ISTAfter the security breach of around six lakh debit cards, the nation's largest lender State Bank of India (SBI) has advised its customers to make use of the bank’s own ATM network instead of other
-
Leading banks recall 32 lakh debit cards over security breach; govt says ‘they are safe’
Oct 20, 2016, 11:54 PM ISTIn biggest ever security breach of over 32 lakh debit cards of various banks, several banks have recalled a large number of cards while others such as, HDFC Bank, have urged customers to change their
-
No need to panic, debit cards are safe, says Finance Ministry
Oct 20, 2016, 10:05 PM ISTIn the midst of fear due to security breach of over 32 lakh debit cards of various banks, Finance Ministry on Thursday sought to calm people down by saying that they constitute only a small
-
RBI asks banks to upgrade ATMs to prevent cloning of cards
May 26, 2016, 09:53 PM ISTMumbai: RBI today asked banks to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards. The Reserve Bank noted that while the POS terminal