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Over 36 lakh bank a/cs saw cash deposit of Rs 10 lakh or more in a financial year

Over 36 lakh bank a/cs saw cash deposit of Rs 10 lakh or more in a financial year

Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed on Tuesday.

Truth or Myth: 'Payments made by credit card to attract double GST' - reality check!

Truth or Myth: 'Payments made by credit card to attract double GST' - reality check!

One of the latest rumours doing rounds is on messaging app WhatsApp. It says that GST will be levied twice if utility bills for services such as telephone, mobile, gas, electricity are paid through credit cards.

PNB to block all Maestro debit cards from July 31

PNB to block all Maestro debit cards from July 31

Punjab National Bank (PNB) Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure EMV chip based card by the end of this month.

ItzCash enables Bharat QR on its PoS terminals

ItzCash enables Bharat QR on its PoS terminals

ItzCash has announced rolling-out `Bharat QR code` feature across its retail network. Now scan and pay money with ItzCash`s Point-of-Sale devices by simply flashing your cell phone.

Digital transaction to touch Rs 4 cr/day this year: Ravi Shankar Prasad

Digital transaction is growing and is expected to increase by 33 percent to Rs 4 crore per day this year, IT Minister Ravi Shankar Prasad on Wednesday said.

Government may reduce service charge on credit and debit card transactions

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Petrol pumps defer decision to not accept card payments till January 13

Petrol pumps defer decision to not accept card payments till January 13

Petrol pump owners on Sunday night 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.

 

Petrol pumps to not accept credit/debit card payments across India from Monday

Petrol pumps to not accept credit/debit card payments across India from Monday

With banks deciding to imposed transaction (MDR) charges on them instead of consumers, petrol pumps across India will not accept credit and debit card payments for fuel sales from Monday.

Be careful before you swipe your credit/debit cards – Here is why!

Be careful before you swipe your credit/debit cards – Here is why!

While there is no denying that the government is making all efforts to fight black money and corruption through demonetisation and make India a cashless economy, one must also accept the fact that the move has been misused by many.

Post demonetisation Paytm hitting more than five million transactions in one week

Post demonetisation Paytm hitting more than five million transactions in one week

Witnessing an exponential growth in terms of day-to-day transactions after demonetisation, Paytm is touching more than five million transactions in one week as compared to the combined average daily number of payment transactions seen by debit and credit cards in India.

Demonetisation: Govt removes excise duty on POS machines

Government on Monday removed excise duty on goods for manufacturing of POS (Point of Sale) machines that are in great demand as merchants are being compelled to use them in the wake of currency crisis.

MobiKwik announces MobiKwik Card to replace debit, credit cards

Mobile wallet major, MobiKwik, today announced that its users will be able to use MobiKwik for payments across all online and offline retailers and shops, where credit and debit cards are accepted by January 2017.

Yes Bank enters credit card space, eyes No 3 slot in 4 years

Yes Bank enters credit card space, eyes No 3 slot in 4 years

Setting an ambitious target of having five million customers by 2020 and to become the No 3 player in the extremely competitive industry, mid-sized lender Yes Bank Tuesday made a foray into the credit card market.

Govt to bear transaction cost of payments received via cards

In order to promote less cash economy, the government has said it will bear the transaction cost for all payments made to it through debit or credit cards and net banking.

 

SBI Card to have more co-branding with other banks

SBI Card, a subsidiary of State Bank of India, would go for co-branding of credit cards with more other banks which do not have big back-office support, an official said.

Axis Bank says 60% of its new credit cards sold in non-metros

Axis Bank says 60% of its new credit cards sold in non-metros

 The third largest private sector lender Axis Bank has said smaller centres are outpacing the top eight cities in its credit cards business, fuelled largely by the e-commerce boom.

RBI asks banks to upgrade ATMs to prevent cloning of cards

RBI asks banks to upgrade ATMs to prevent cloning of cards

RBI Thursday asked banks to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards.

Good news! Foreigners, NRIs can now book train tickets in India using debit, credit cards

Good news! Foreigners, NRIs can now book train tickets in India using debit, credit cards

Here’s is a good news for foreigners and NRIs. Now, they will be able to book train tickets in India online by using international debit and credit cards through IRCTC website.

Don't not throw away expired credit, debit cards

A Byculla conman has been arrested by Dadar police station for using fresh user data, siphoning off lakhs from unsuspecting victims.

Russian man pleads guilty in US over record cyber heist

A Russian man pleaded guilty on Tuesday to involvement in what authorities called the largest computer hacking scheme ever prosecuted in the United States, compromising more than 160 million credit card numbers and causing more than USD 300 million of losses.