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.
Sep 16, 2015, 08:47 AM IST
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.
Jul 10, 2015, 00:17 AM IST
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 Backpage.com following a request from a Chicago sheriff who said the site is used by sex traffickers.
Jul 02, 2015, 03:47 AM IST
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.
Jun 23, 2015, 11:14 AM IST
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.
Jun 02, 2015, 15:04 PM IST
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.
May 18, 2015, 20:44 PM IST
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.
May 08, 2015, 17:25 PM IST
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.
May 07, 2015, 19:23 PM IST
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.
Apr 20, 2015, 08:17 AM IST
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.
Feb 03, 2015, 13:37 PM IST
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.
Dec 28, 2014, 09:36 AM IST
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.
Sep 16, 2014, 20:01 PM IST
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.
Aug 23, 2014, 17:17 PM IST