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| Consumers prefer debit cards in slowdown | 29-MAY-09 |
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| The number of debit card transactions increased by 48 per cent in financial year 2009, compared to an increase of 12.7 per cent for credit cards in the year. Similarly, debit card volumes grew by 44.6 per cent, whereas credit cards saw a volume growth of 13.7 per cent for the same period, says the Reserve Bank of India’s data. |
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| Half of credit, debit cards in India inactive | 30-APR-09 |
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| Nearly half of credit and debit cards in India were inactive, possibly due to insufficient resources in bank accounts and a holding of more than one card, a study has said. |
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| Indians prefer debit cards over credit cards: Study | 02-APR-09 |
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| The ongoing recession has encouraged Indian consumers to use debit cards more than credit cards. At least this is what becomes obvious if one goes by the findings of a study conducted by transaction processing and knowledge management company Venture Infotek. |
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| Banks responsible for card, PIN delivery | 30-DEC-08 |
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| In case of misuse of debit cards, banks cannot escape responsibility by saying that they have delivered the card and the personal identification number (PIN) at the address mentioned in the |
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| Card transaction value up 42% | 01-SEP-08 |
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| With more banks issuing credit and debit cards and with a larger number of merchant terminals in place, the value of plastic money transactions went up by over 42 per cent to Rs 70,459 crore during |
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| SBT launches cash back offer on debit cards | 01-AUG-07 |
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| Thiruvananthapuram-headquartered State Bank of Travancore (SBT) will launch a 'Cash Back Plus Offer' to its debit card holders across the country on August 1 (tomorrow).
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| Smart cards` exorbitant costs put off banks | 27-SEP-05 |
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| Smart cards may not be the smartest of options for banks when it comes to credit or debit cards. While Visa and Mastercard are aggressively pushing banks to convert to smart card, the bankers have not |
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| RBI to track big spends on global debit cards | 15-JUN-05 |
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| Big brother is watching. The Reserve Bank of India (RBI) today directed banks to closely track the spends of an international debit card (IDC) holder and report to it if the aggregate spend exceeds |
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| Banks for inclusion of customer data on MNIC | 19-JUN-04 |
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| ATM cards, credit and debit cards in the wallet may be a thing of the past if the government agrees to a proposal by banks to embed customer information into the proposed multipurpose national |
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