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Indian pleads guilty in $200 mn credit card fraud scheme

Last Updated: Tuesday, June 24, 2014, 09:31

An Indian Businessman Vijay Verma, involved in USD 200 million credit card fraud schemes, has pleaded guilty to his role in the conspiracy and now faces a penalty of 15 years in prison.

Indian businessman pleads guilty in USD 200 mn credit card fraud scheme

Last Updated: Friday, June 20, 2014, 06:47

An Indian businessman, involved in one of the largest credit card fraud schemes ever prosecuted by US federal authorities, has admitted to his role in the conspiracy and now faces a maximum penalty of 30 years in prison and a USD 1 million fine.

Now, wear your credit card on wrist

Last Updated: Monday, June 09, 2014, 16:51

The fear of losing your credit card may no longer haunt you as you may soon be wearing them as wristbands and swipe them to pay for everything you purchase in a day -from your morning coffee to gym membership.

Now, wear your credit card on wrist

Last Updated: Monday, June 09, 2014, 16:37

Barclays has developed a wearable device that can act as your virtual wallet and give cashless transactions a boost.

Barclays bank says Q1 net profit rises to 965m pounds

Last Updated: Tuesday, May 06, 2014, 13:09

Barclays net profit rose aided by its retail, credit card and corporate banking divisions.

App to protect your credit card from hacking

Last Updated: Saturday, April 26, 2014, 10:40

Bad news for credit card hackers. Here comes a `remote control` app that can help you turn your credit cards on and off with the click of a button, and control when, where, and how they are used.

Russian parliament approves homegrown credit card system

Last Updated: Friday, April 25, 2014, 21:39

Russia`s lower house of parliament on Friday approved the creation of a national credit card system, seen as a bid to reduce dependance on the West amid the threat of sanctions over the Ukraine crisis.

Chinese bank launches 'Pretty Mom' credit card

Last Updated: Saturday, April 19, 2014, 19:12

The bank is counting on women clients in cities to upgrade the bank's credit card services, said Liu Guiping, ABC's business director.

Bank of America to pay for illegal credit-card actions

Last Updated: Thursday, April 10, 2014, 10:18

Bank of America will pay USD 772 million over illegal credit-card practices that lured consumers into signing up for added products and services, US regulators said Wednesday.

Federal Bank may foray into credit card business in 2015-16

Last Updated: Sunday, March 30, 2014, 12:35

Private lender Federal Bank may explore the possibility of entering into credit card business in 2015-16 as part of its diversification drive.

Axis bank launches 'Kisan Card'

Last Updated: Thursday, March 27, 2014, 19:08

Over a decade after the state-run banks launched Kisan Credit Cards, private sector lender Axis Bank on Thursday introduced its own card which is aimed at helping farmers access liquidity round-the-clock.

EA games web server hacked to steal Apple IDs, credit card details

Last Updated: Thursday, March 20, 2014, 21:37

A web server of the games firm Electronic Arts (EA), has been reportedly used by hackers to host a fake Apple login screen, aimed at stealing Apple ID usernames, passwords and credit card details, a security firm said.