Page 2 - Debit Cards

Visa repositions its brand to shed cards entity image

It wants to be known as a payments network and player in the digital payments arena

Mastercard submits new audit to India after ban over data handling

The Reserve Bank of India (RBI) on July 14 sent panic-waves through Indian banking partners by announcing a ban, effective from July 22, to prevent the U.S. giant from issuing new cards.

YES Bank may have to forgo issuing 100K cards; inks pact with RuPay

The bank has tied up with National Payments Corporation of India for issuing RuPay cards and will ink a similar deal with VISA

RBI's move to ban Mastercard from issuing new cards may hit 5 private banks

Bajaj Finserv and SBI Cards also impacted

Top headlines: Auto-debit payments, steel firms' stocks surge, and more

Here are the top business headlines on Wednesday morning

Your auto payments for phone bills, OTT subscriptions may fail in April

Transactions worth more than Rs 2,000 cr expected to be affected as RBI refuses more time to comply with new pre-debit notification rule

US Justice Department probing Visa over debit-card practices: Report

The U.S. Department of Justice is investigating whether Visa Inc is engaging in anticompetitive practices in the debit-card market, the Wall Street Journal reported on Friday

How prepaid cards ensure that you don't go overboard on your expenses

They're also safer than credit and debit cards, and online transactions; just make sure you don't overload your prepaid card with too much money

India's a digital payments hotspot

With social distancing becoming the new norm, there is a behavioural shift across all consumer categories

Weak credit card spends due to job loss snatch banks' low-hanging fruits

September's seven per cent year-on-year credit card outstanding is the poorest in recent years

Point-of-sale terminals yet to fire despite repeated nudges by RBI

It's important to note that unlike ATMs, the scheme is not advertised or visible to the general public

Covid-19 crisis: Payments fall 46% in April; ATM cash withdrawal declines

Retail payments fall 45%, card usage slips 57%

Contactless cards may come in handy amid Covid-19, but there is risk

However, one has to be cautious, as electronic pickpocketing is catching up

Covid-19: Average card spend falls 25% as shopping, travel take back seat

With malls and shops closed, spending avenues are practically non-existent.

Number of debit cards fall by 15% to hit two-year low in 2019: RBI data

Banks have stopped issuing suo moto cards for dormant accounts and moved to chip-based cards, weeding out many accounts

Why debit, credit cardholders should remain beware of Joker's Stash

The darknet or darkweb is parallel to the internet but provides users with anonymity, which is often exploited for criminal activities

Now, you can allow up to Rs 2,000 of recurring payments via digital wallets

RBI has permitted processing of e-mandate on credit and debit cards, besides prepaid payment instruments, including wallets like Paytm, PhonePe and Amazon Pay for recurring payments of up to Rs 2,000

SBI aims to eliminate debit cards to promote digital payment solutions

SBI chairman said through the Yono platform, one can withdraw cash at the automated teller machines or pay for purchases at a merchant establishment without having a card at all

New debit card charges may prompt retailers to push for cash transactions

For shops up to revenue of Rs 20 lakh, MDR will be 0.4% of the purchase value or Rs 200, whichever is lower

2.9 million debit cards subjected to malware attack: Gangwar

NPCI has said no independent investigation was carried out by it