Page 2 - Debit Card
Fintech firms seek six month-extension to comply with RBI credit line norms
RBI had barred the loading of prepaid payment instruments (PPIs) from credit lines
 "Fintech firms seek six month-extension to comply with RBI credit line norms")
Australian watchdog sues Mastercard for anti-competitive practices
The ACCC investigated allegations that Mastercard engaged in anti-competitive conduct by offering certain large merchants cheaper interchange rates
 "Australian watchdog sues Mastercard for anti-competitive practices")
Visa, Amazon reach global deal over payment fees
This agreement includes the acceptance of Visa at all Amazon stores and sites
 "Visa, Amazon reach global deal over payment fees")
City Union Bank launches fitness watch debit card in tie-up with GOQii
Customers need to hold the wristwatch in front of the PoS device during payment like tapping the card on PoS. For payments above Rs 5,000, customers need to tap and enter their PIN
 "City Union Bank launches fitness watch debit card in tie-up with GOQii")
To avoid Covid-19 risk, switch to contactless cards before festive shopping
However, beware that if they're stolen, a few transactions of below Rs 2,000 can be made
 "To avoid Covid-19 risk, switch to contactless cards before festive shopping")
IDFC First Bank to launch contactless debit card payment on phone next week
SafePay enables contactless payments of up to Rs 2,000 per transaction and up to a limit of Rs 20,000 per day
Wirecard scrambles to find missing $2.1 bn, shares slump over 60%
Chief Executive Markus Braun said in Thursday's statement that Wirecard, which was founded in 1999, was urgently seeking to clarify the balances in question.
30 mn debit, credit card details of WaWa customers up for sale online
WaWa has offered free credit monitoring and identify theft protection to customers.
 "30 mn debit, credit card details of WaWa customers up for sale online")
Forex cards are a cheaper, value-loaded option for international travel
Forex card scores over other instruments because it has several benefits
 "Forex cards are a cheaper, value-loaded option for international travel")
Visa talks tough on govt's move towards no-fee debit card transaction
Visa critical of India's move towards no-fee debit card transactions
 "Visa talks tough on govt's move towards no-fee debit card transaction")
Proposed debit card rate not lucrative, says PCI
PCI adds, further reduction in MDR will discourage future investments, affecting e-payments industry
 "Proposed debit card rate not lucrative, says PCI")
Congress demands full disclosure on debit card data breach
The party ridiculed PM Narendra Modi over the potential breach of debit cards security
 "Congress demands full disclosure on debit card data breach")
