Card Transactions

Currently, users receive notifications before auto-debits. Under the new system, the process may change slightly

The forecast follows a 10% jump in fourth-quarter adjusted operating expenses to $2.9 billion, largely due to personnel costs

An audit report revealed "persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action," the central bank said in a release

RBI introduced Card-on-File Tokenisation (CoFT) in September 2021 and began implementation on October 1, 2022. So far, over 56 crore tokens have been created

The transactions at PoS increased by nearly 6.7 per cent to Rs 52,961 crore whereas e-commerce payments jumped to Rs 95,641 crore

In partnership with Visa and Juspay, the virtual card has additional layers of security that give users complete control over their international expenses, thus making it safe and hassle-free

Recent data from the Reserve Bank of India (RBI) shows that out of 25 crore card transactions in the month of April this year, 22 crore were credit card transactions

Apple has announced that its App Store prevented over $2.09 bn in potentially fraudulent transactions in 2022, blocking nearly 3.9 mn stolen credit cards from being used to make purchases

Tokenisation is the replacement of an actual or clear card number with an alternative code called the "token"

How can India create 75 more Tiruppurs? What legacy has Pallonji Mistry left behind? Will fizz return to liquor stocks? What is tokenisation? All answers here

RBI is firm on implementing tokenisation, which will make your debit or credit card transactions more secure. The deadline to implement it has been pushed to Sept 30. Find out what is tokenisation.

The landmark has been achieved in line with RBI's guidelines focusing on security and enhanced checkout experience, said Visa

Encourages cardholders to tokenise data themselves for preventing fraud

Reserve Bank of India has, over the past decade, put in place various safety and security measures for card payments, including the requirement of AFA, especially for 'card-not-present' transactions

ATMs across banks are all set to increase service charges per transaction from Saturday, following an order from RBI and customers will have to Rs 1 more beyond permissible free transactions

Using ATMs beyond the permissible free transactions for cash as well as non-cash purposes will cost more from Saturday.

Visa's card tokenisation service is currently available with ecommerce platforms such as Grofers, Bigbasket and MakeMyTrip.

The Reserve Bank of India accuses it of breaking local data-storage rules

Experts said it is a step in the right direction by the RBI and people have been asking it to enhance the limit.

A new mobile-first authentication solution rolled out by the payments major allows such transactions only for deals below Rs 2,000