The Reserve Bank of India (RBI) has recently raised the interchange fee and allowed banks - private and public, to hike charges on withdrawing cash from ATMs as well as charges for debit/credit cards.
Frustrated at repeated tech outages at HDFC Bank, the RBI took unprecedented action against the lender in December 2020, putting a freeze on it issuing any new credit card, a segment in which it was a market leader.
Citing the violation of norms on storage of payment systems data, the Reserve Bank of India has prohibited Mastercard from issuing debit cards, credit cards and even prepaid cards to new customers, starting from July 22.
After rolling out tokenisation with Kotak Mahindra Bank, SBI Cards and Axis Bank, Google Pay has now added debit cards by SBI, IndusInd Bank and Federal Bank and Credit cards by IndusInd Bank and HSBC India to its slate
Independent cyber security researcher Rajshekhar Rajaharia claimed on Sunday that data of nearly 10 crore credit and debit card holders in the country is being sold for an undisclosed amount on the Dark Web.
Paytm said it is designing an innovative digital experience on its app allowing users to manage their overall spends and have full control over the card usage.
In an attempt to make online and card payments more secure, the Reserve Bank of India (RBI) has issued new guidelines for banks, cardholders that will be effective from October 1, 2020.
IRCTC-SBI card offers travellers on Indian Railways maximum savings proposition on their travel, together with superior benefits on retail, dining and entertainment, besides transaction fee waivers.
Credit card skimming has become a popular activity for cybercriminals over the past few years, and the increase in online shopping during the pandemic means additional business for them, too
Credit card spending tumbled 51 per cent in April amid the coronavirus lockdown, though categories like streaming platforms and online classes saw growth, a survey said
We have seen that many of us usually transfer the money using digital payments like UPI, Debit card, Google Pay, etc. But using a credit card during the cash crunch is not a bad idea to pay rent.
HDFC Bank EMI, Credit Card Dues Moratorium: HDFC bank announced EMI and credit card moratorium to its customers in line with the Reserve Bank of India (RBI) guidelines that all lending institutions will have to give their borrowers a three-month moratorium on term loans in wake of the coronavirus outbreak hitting the economy hard.
Bank customers who are expecting the issuance of their new credit, debit cards after March 16 should know about a number of things that they will have to keep in mind while doing any type of transactions after 16th March.
Crisis-hit Yes Bank said on Tuesday that customers could now make payments towards their credit card and loans through other bank accounts, days after prominent banking services were curtailed after the RBI imposed moratorium on the lender.
Food delivery platform Zomato on Monday announced a strategic partnership with RBL Bank to launch "Edition Credit Cards" powered by Mastercard.
HDFC Bank on Thursday joined hands with the country's largest airline IndiGo to launch a co-branded credit card, which will effectively work like a loyalty programme for the carrier.
Around 4.5 lakh Indian payment cards have been found on sale on the dark web. Read on to know what it is
Wawa data breach: Do you hold a Credit card or Debit card or both and make payments through it at stores, marts and others, then this is really bad news for you. Information of millions of cards (Debit and Credit) has been breached and was put for sale online.
A Noida-based girl received a jolt from the blue when she got robbed of Rs 1.5 lakh without any OTP or PIN. The fraudulent transactions were made via the girl's HDFC Bank Debit Card and HDFC Bank Credit Card. Here's what happened.
RBI new Debit card, Credit card rules: Amid rise in banking fraud cases, the Reserve Bank of India introduced several new guidelines to secure debit cards and credit cards. RBI issued new rules for debit and credit cards to improve the convenience and security of card transactions.
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