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.

EU says MasterCard overcharges customers, retailers

The EU said Thursday that US credit- card giant MasterCard overcharged customers and retailers, having already found rival Visa at fault over fees levied on card payments.

Visa joins MasterCard, AmEx in ending use for Backpage sex ads

Visa Inc said on Wednesday it is joining MasterCard Inc and American Express Co in barring its credit cards from being used to pay for ads on following a request from a Chicago sheriff who said the site is used by sex traffickers.

Use credit or debit card? Here are the benefits govt has planned for you

The government has proposed income tax benefits for people making payments through credit or debit cards. This move also aims to boost digital payement and encouraging non-cash transactions.

Need to move towards plastic currency: FM Jaitley

Finance Minister Arun Jaitley on Tuesday made a case for greater use of plastic currency even as he stressed that development of new facilities at Hoshangabad and Mysore would help in reducing reliance on imports for printing of currency notes.

Federal Bank, SBI Card collaborate to launch credit cards

Private sector Federal Bank along with card issuing company SBI Card Monday launched co-branded credit cards.

Rs 4,733 cr collected in taxes via Non-filer Monitoring System

Government has collected Rs 4733.61 crore in taxes since 2013 through Non-filer Monitoring System that tracks large value financial transactions, including via credit cards.

RBI to banks: Only chip, PIN based debit/credit cards from September

The Reserve Bank on Thursday asked banks to issue only chip-based and PIN enabled debit and credit cards from September, a move aimed at protecting customers from frauds.

India's banks turn to consumer loans to counter corporate slowdown

Meanwhile, retail borrowers have escaped largely unscathed, with income levels still growing, albeit at a slower pace, and no large-scale job losses.

Four Indians held on credit card fraud charges in Bahrain

Four Indians have been arrested in Bahrain for allegedly using forged credit cards to buy 45 smartphones worth more than Rs 28 lakhs.

Ease of doing biz: Exporters can use credit cards to pay fee

To further improve the ease of doing business in India, the Commerce Ministry is taking steps that include allowing exporters and importers to make the payment of fee through debit or credit cards.

India logs 40% annual increase in cyber crime cases

Hacking, publication of obscene contents, credit card and banking frauds among other cyber crimes have registered an annual increase of more than 40 percent in the country in the past two years.

Axis Bank plans festive offers on auto loans, credit cards

Axis Bank, country's third largest private lender, Tuesday said it will be announcing festive season offers on its auto loans and credit card offerings in the next few weeks.

Get ready for 2-tier authentication while using credit cards

The Reserve Bank of India (RBI) said that all transactions involving domestic credit cards must follow rules requiring additional verification, a stance that could impact companies such as Uber Technologies Inc that provide more simple app-based purchases.

Malaysian couple caught with fake credit cards in Lanka

A Malaysian couple was arrested today in Sri Lanka for using fake credit cards to purchase expensive French brandy from a five-star hotel here.

Seven arrested internationally in $1.6 million StubHub fraud

Police arrested seven people tied to a $1.6 million international fraud that used stolen credit cards to buy tickets through the StubHub online market to thousands of events, including Yankees baseball games, Broadway shows and Jay-Z concerts.